BCL partner, John Binns talks to Jonathon Ames of The Times article for his article “UK is failing in the fight against money laundering”.
The article discusses revelations that not a single prosecution has been brought under supposedly beefed-up money-laundering regulations, triggering cynicism over government claims to be cracking down on economic crime.
John states in the article:
“The snap 2017 general election truncated the period between publication and implementation, so there had to be a bedding-in period to allow people to get used to them,”
“Prosecutions will doubtless follow before long, but they will need to be in the right cases, where it’s proportionate to take a breach to court”
You can read the full article here or on The Times website.