The UK statute that consolidates money-laundering offences, asset confiscation and the SAR regime through the National Crime Agency.
POCA 2002 consolidates the UK's money-laundering and asset-recovery framework into one statute. It defines the principal money-laundering offences, the SAR (Suspicious Activity Report) regime filed with the National Crime Agency (NCA), the "failure to disclose" offence for regulated-sector employees, asset confiscation and civil-recovery procedures, and the Defence Against Money Laundering (DAML) consent mechanism that gives banks safe-harbour cover when they pause a transaction pending NCA feedback.
Post-Brexit, POCA is the UK's primary AML criminal-law layer alongside the UK Money Laundering Regulations 2017. EU institutions with UK operations or UK-correspondent relationships need to design SAR/DAML workflows compatibly with NCA expectations, and many of the POCA detection standards remain materially aligned with FATF Recommendations.
Bucephalus SAR/STR workflows are configurable to the NCA SAR filing format, including the DAML consent path, for institutions with UK exposure.
