The NCA states that 'the ambition of these core answers is therefore to help a large cross section of the SAR reporting community and improve the quality of DAML disclosures. The aim will be to regularly review the content as it is anticipated that this product will evolve into further editions following the introduction of new legislation, regulations and crime trends.'
The NCA has also stated that the benefits of the DAML FAQ include:
It offers good practical guidance and should help improve DAML quality.
Time should be saved for the UK Financial Intelligence Unit (UKFIU) in sending requests for further information and for reporters replying to such requests.
It signposts SAR regime AML guidance in one place.
AML help desk facilities now have a common framework to start from and can provide their colleagues with examples that relate to their work environments.