BCL partner John Binns is quoted in Law360’s article ‘Crime Agency Burdened As Suspicious Money Reports Rise’ discussing the stretched resources of the NCA.
Here’s an extract from the article:
“You can’t operate that system with those report numbers on the resources that the NCA has,” John Binns, partner at BCL Solicitors LLP, said. “It’s a ridiculous burden on the NCA and they mainly cope by not looking at them. A lot of them go onto a database that is available to, but not necessarily read by, law enforcement.”
The exception, he said, is when companies ask for consent to carry out an activity that could potentially lead to a money-laundering offense, which would require a decision by the agency. The NCA made