BCL partner, Shaul Brazil is quoted in a Law360 article titled ‘Hard Brexit Could Put Chinks In UK’s Financial Crime Armor’.
Here’s a short extract from the article:
“This week’s Brexit voting deadline could propel Britain out of the European Union without a regulatory safety net in April, a process that would open chinks in the country’s defenses against fraud and financial crime that legal experts say may never be closed.
Britain’s EU membership allows it to participate in bloc-wide mechanisms that help it request joint investigations, issue EU arrest warrants and extradite its own offenders to face trial in the U.K. The partnership allowed bodies such as the National Crime Agency and Serious Fraud Officeto share intelligence seamlessly with their EU counterparts.”
Shaul is quoted as saying:
“From the perspective of law enforcement there is simply no benefit from a no-deal scenario,” said Shaul Brazil, a partner at BCL Solicitors LLP. “All relevant EU legislation regarding criminal justice cooperation will be removed immediately.”
* This article was first published by Law360 on the 26th March 2019. To read the full article please visit their website.