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Proceeds of Crime: Terrorism

Volume 487: debated on Monday 26 January 2009

To ask the Secretary of State for the Home Department what the cost to the public purse of operating the suspicious activity reports regime has been since its creation. (247622)

[holding answer 14 January 2009]: Suspicious activity reports (SARs) are submitted to the UK Financial Intelligence Unit (UKFIU) of the Serious Organised Crime Agency (SOCA). Approximately £20,080,465 has been spent on the operation of the UKFIU since April 2006, when SOCA assumed responsibility for it. This figure includes the running costs of the SARs Transformation Project, an IT-enabled business change project focused entirely on improving the SARs regime.

In addition, the overhead costs associated with running estates and IT for the UKFIU in 2008 was approximately £1,280,000.