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”
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.