Shaul Brazil Talks To LAW360 On Hard Brexit’s Impact On Financial Crime Prosecution

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.”

You can read the full article in a pdf here, or on the Law360 website.

Shaul Brazil is a partner at BCL specialising in business crime and regulatory enforcement, acting for individuals and companies in complex cross-border matters. He has extensive experience advising on multi-jurisdictional corruption and fraud investigations, asset recovery proceedings (in the UK and overseas), and extradition proceedings (in particular, politically motivated requests). He has acted in numerous high-profile investigations and prosecutions brought by the SFO and many other UK and overseas enforcement authorities.

* This article was first published by Law360 on the 26th March 2019. To read the full article please visit their website.