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Reform UK asks NCA to investigate leaks of private financial information

Created at 7 Jul · 11:55 PM1 source↑ Market-relevant
IN SHORT

Reform UK Deputy leader Richard Tice has written to the National Crime Agency (NCA) requesting an investigation into potential leaks of his private financial information to the media. Payments to his organizations were flagged to the NCA as part of its Suspicious Activity Reports program.

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Key Numbers

£1mdonation to Britain Means Business
June 2024donation date
866,616SARs cases flagged in 2024/25

Who's Involved

Richard Tice
Deputy leader of Reform UK, requesting NCA investigation into financial information leaks
National Crime Agency (NCA)
Agency asked to investigate potential leaks of financial information
Fiona Cotrell
Made a £1m donation to a think tank owned by Richard Tice

↳ Why This Matters

The inquiry raises questions about the confidentiality of financial information handled by law enforcement agencies and the potential for such data to be leaked to the media, impacting political figures and organizations.

Key facts

  • Reform UK Deputy leader Richard Tice has requested the National Crime Agency (NCA) investigate leaks of his private financial information.
  • Tice became aware of flagged payments to his organizations through contact from The Guardian newspaper.
  • The NCA confirmed that Suspicious Activity Reports (SARs) are confidential and breaching this confidentiality risks a tipping-off offense.
  • A think tank owned by Tice, Britain Means Business, received a £1 million donation from Fiona Cotrell in June 2024.
  • This donation was also flagged to the NCA under the SARs program, which alerts law enforcement to potential money laundering.
  • It is understood that the NCA often shares SARs information with police forces and other investigative organizations.

Reform UK Deputy leader Richard Tice has formally requested the National Crime Agency (NCA) investigate whether the agency itself is responsible for leaking his private financial information to the media. Tice stated he only became aware that payments made to his organizations had been flagged to the NCA as part of its Suspicious Activity Reports (SARs) program when contacted by The Guardian newspaper, suggesting the information originated from the NCA.

A spokesperson for the NCA commented that the agency does not confirm or deny the receipt or use of SARs, emphasizing that such reports are confidential and breaching this confidentiality can constitute a tipping-off offense under the Proceeds of Crime Act.

It is understood that the NCA frequently makes information from SARs reports available to police forces and other organizations involved in their investigations. The context of Tice's inquiry appears linked to a broader political row involving a figure named Cottrell, who reportedly provided support to Nigel Farage before his election as an MP. A think tank owned by Tice, Britain Means Business, also received a £1 million donation from Fiona Cotrell in June 2024, which was also flagged to the NCA via the SARs program.

Frequently asked questions

The SARs program alerts law enforcement to potential instances of money laundering. In 2024/25, 866,616 cases were flagged.

The NCA stated it does not confirm or deny the receipt or use of SARs and that breaching their confidentiality risks a tipping-off offense.

Fiona Cotrell is identified as the individual who made a £1 million donation to Richard Tice's think tank, Britain Means Business, in June 2024.

What Happens Next

01The NCA will respond to Richard Tice's request for an investigation.
02Further details may emerge regarding the source of the media's information.

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Cadence

How It Developed

Richard Tice asked the NCA to investigate leaks of his financial information.
Tice learned of flagged payments to his organizations through media contact.
The NCA stated it does not confirm or deny receipt or use of Suspicious Activity Reports.
A think tank owned by Tice received a £1m donation from Fiona Cotrell.
The NCA was notified of this donation via the SARs program.
The NCA reportedly makes SARs information available to other investigative bodies.

Sources

T1
Reform asks NCA to investigate leaks of private financial informationBBC News

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