John Binns talks to Law360 on increasing suspicious money reports

John Binns talks to Law360 on increasing suspicious money reports

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

The full version of this article was originally published by Law360 on 8th November. You can read the full article here, or on the LAw360 website.



John Binns is a partner at BCL specialising in all aspects of business crime, with a particular interest in confiscation, civil recovery and money laundering under the Proceeds of Crime Act 2002 (“POCA”). His business crime experience includes representing suspects, defendants and witnesses in cases invoking allegations of bribery and corruption, fraud (including carbon credits, carousel/MTIC, land-banking, Ponzi and pyramid scheme frauds), insider trading, market abuse, price-fixing, sanctions-busting, and tax evasion. He has coordinated and undertaken corporate investigations and defended in cases brought by BEIS, the FCA, HMRC, NCA, OFT, SFO and others.