BCL partner, John Binns writes for LexisNexis discussing the key aspects of Corruption Watch’s report, ‘The Corporate Crime Gap: How the UK lags behind the US in policing corporate financial crime’.
An extract from the article:
“The headline findings of the report, what it characterises as ‘the corporate crime gap’, are that the UK has failed to bring a single successful corporate criminal prosecution for such conduct and has imposed just under £2.5bn in noncriminal fines, while the US has brought close to 20 successful criminal enforcement actions against New York and London banks, and has imposed more than £25bn in both criminal and non-criminal fines—over ten times that of the UK.”
This article was originally published by LexisNexis on 16th april 2019. To read the full article visit the LexisNexis website here.
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.