2021 Report details for project: Suspicious Activity Reports (SARS) Reform

Project name Suspicious Activity Reports (SARS) Reform - there are 3 reports for this project: 2021, 2022, 2023
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Organisation HO (D16 ) - see all reports for this organisation
Report year 2021 (data is from March 2021)
Category Transformation - see all reports for this category
Description: The Economic Crime Plan (ECP), jointly published by HMT and UK Finance in July 2019, includes commitments to SARs reform, recognising the regime as the cornerstone of our whole response to economic crime. Through a "whole system" approach to economic crime, SARs Reform Programme is addressing 3 out of the 52 actions in the ECP to enable higher levels of detection, prevention, and enforcement (nationally and internationally): . Action 30: SARs IT transformation and a design for the SARs regime target operating model. . Action 31: Greater feedback and engagement on SARs. . Action 32: Ensuring the confidentiality of SARs.
DCA (RAG) Amber
DCA text: The Infrastructure Project Authority's Delivery Confidence Assessment rating is Amber.This is primarily due to the following factors: The SARs Reform Programme is currently at Amber status to reflect the complexities and risks associated with the delivery of the programme, these include the multi-year funding required to ensure that delivery can be continued to agreed plan and scope. The programme has an improving direction of travel as, despite the challenges and some delays it is seeing delivery of benefits, the Full Business Case (FBC) indicates an improved Benefits to Costs Ratio compared to the Outline Business Case (OBC).
Start date 2018-12-17
End date 2024-04-02
Schedule text The project end-date is 02 April 2024. This is primarily due to the following factors: The programme remains on schedule to deliver its outcomes and benefits within the programme life time as indicated above.
Baseline £15.08m
Forecast £14.81m
Variance -2.00%
Variance text: The budget variance is less than or equal to 5%.
Whole Life Cost £120.42m
WLCost text: The projects Baseline Whole Life Cost is £120.42m. This is primarily due to the following factors: The programme's Whole Life Costs are outlined within the Full Business Case (FBC), increasing from the estimates of £120m presented in the Outline Business Case (OBC), primarily due to the improved definition of scope coupled with certainty and reduction in the planning and cost estimates in all areas. These costs, for a 10 year period from FY2020/21 to FY2029/30 will cover the delivery of the National Crime Agency (NCA) SARs IT Transformation, associated Business Change Management and future development and improvement, uplift of United Kingdom Financial Intelligence Unit (UKFIU) and Regional Organised Crime Units (ROCU) resources and the Programme Delivery team.
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Sourcefile IPA_2021.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.