BCL partner, John Binns has been quoted in Raconteur‘s ‘Future of Money’ special report, featured in The Times, titled “How Brexit will impact the fight against corrupt wealth”.
The piece explores experts’ fears that losing access to EU criminal intelligence could undermine the work of anti-money laundering initiatives in the UK.
John Binns’ quote in the special report:
“There are a lot of concerns, looking broadly at money laundering and criminal justice co-operation; all these measures within the EU are a big area of concern”
“Extradition, the sharing of information, the mutual recognition of asset-leaving measures, all of that gets turned off on Brexit day. In advance of that, it all needs new security measures fairly swiftly ironed out. In areas of anti-money laundering, there need to be agreements about how the UK will be treated post-Brexit by the EU. Adequate data protection rules would also need to be in place. No post-Brexit scenario currently exists.”