As part of the Budget, the Government announced proposals to introduce an economic crime levy. Following this announcement, Alun Milford, Partner in our criminal litigation team commented and was subsequently quoted in a number of articles.
The Government will shortly consult on a levy to invest in the fight against money laundering and economic crime. Earlier reports suggested the aim is to boost funding of technology and investigators which is all very well, but if correct, addresses only one piece of the problem.
The Government needs also to ensure investment in extra prosecutors and a proper functioning court service to deal with money laundering and fraud cases effectively.
Only with investment across the system will the authorities really be able to boast about a significant ramping up of the war on dirty money and financial crime and to meet the objectives set out in the Economic Crime Plan.
The articles Alun was quoted in include:
These articles were first published from 11 March 2020 onwards. Please click on the above links in order to read each article in full (subscription required for Law360, FT.com & Legal Business).
For further information on the issues raised in this news post, please contact a member of our criminal team.
About the author
Alun is a partner in the criminal litigation team and specialises in serious or complex financial crime, proceeds of crime litigation and corporate investigations. He has particular knowledge and experience of issues surrounding corporate crime and deferred prosecution agreements.