VIDEO: John Binns discusses Proceeds of Crime issues in the UK Cannabis Industry

VIDEO: John Binns discusses Proceeds of Crime issues in the UK Cannabis Industry

BCL partner John Binns discusses Proceeds of Crime issues in the UK Cannabis Industry

Lawful cannabis businesses are active in several jurisdictions outside the UK like Canada and various states of the USA, however it is still heavily restricted in the UK and this has caused private investors and corporates to address the concerns from banks on how to deal with the nature of cross jurisdictional investments in this area. BCL partner John Binns explores the issues that this throws up under the proceeds of crime act in the UK and the routes that are available to navigate it.

 

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.

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