Financial/White Collar Crime Lawyers London
Financial crime takes many forms, but amongst the most common are Fraud, Bribery & Corruption and Money Laundering Offences. At Lloyd Platt and Co our dedicated team of qualified solicitors have years of experience in advising and representing clients accused of committing all types of crime. Our service covers all stages of proceedings from the initial investigation phase to representation in the Appellate Courts.
Allegations of fraud are acts or omissions of deception intended to cause a benefit to one party and a loss to another. Frauds can cover a vast variety of situations, from relatively simple failures to disclose information, to highly complex chains of financial transactions across different jurisdictions.
Investigations and legal proceedings cover both the criminal justice system and regulatory frameworks, and may concern matters including but not limited to:
- Tax evasion
- Corporate frauds such as asset stripping or publishing of false information
- VAT Fraud/Missing Trader Intra-Community (MTIC) Fraud
- Carousel Frauds
- Boiler Room Frauds
- Mortgage Fraud
- Fraudulent trading and insider dealing
- Ponzi and Pyramid schemes
- Identity Fraud
- Land Bank Fraud
- Procurement Fraud
- Money Laundering
Multiple authorities investigate accusations of fraud, including the Serious Fraud Office (SFO), HM Revenue & Customs (HMRC), the Department of Business Skills & Innovation (BIS), the Financial Conduct Authority (FCA) Serious Organised Crime Agency (SOCA) the Crown Prosecution Service (CPS) and the Department for Work and Pension (DWP).
The Bribery Act 2010 came into force in the UK on 1 July 2011 and this legislation is at the forefront of the government’s anti-corruption agenda.
The Act harmonises existing legislation and also creates four new offences of:
- The giving, promising or ‘offering of a bribe’;
- Agreeing to receive or accept a bribe;
- Bribery of a foreign public official; and
- Failing to prevent bribery.
Penalties for committing an offence under the act are punitive. They include limitless fines in respect of the corporate offence, mandatory bans on tendering for public procurement contracts in the EU and in worst cases, offenders may be sentenced to prison for a term of 10 years.
Business that are either based in the UK or carry out part of a business in the UK will be strictly liable for failing to prevent bribery by acts or omissions of their employees or affiliates unless adequate anti bribery procedures are in place.
As a result of the new legislation and the SFOs commitment to enforcement, this area of law could not be more relevant to all individuals and companies carrying out part of a business in the UK.
We advise on what preventative steps a business must take to ensure the right safeguards and controls are firmly in place to prevent liability under the Act.
Money laundering is the process by which criminal property is disguised or converted to create the illusion that the source of these funds are legitimate. Money laundering may vary in its sophistication from a single or transaction to a series of complex transactions across the banking system infiltrating multiple jurisdictions and involving a number of individuals or entities.
The UK has some of the most stringent regulations in the world relating to transferring, converting, retaining criminal property and non-compliance with the regulatory regimes under the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007.
Money Laundering offences carry a maximum sentence of 14 years of imprisonment. If convicted inevitably there will be concurrent restraint and confiscation proceedings.
The Bribery Act 2010 and the commitment of the SFO to vigorously pursue public prosecutions has re enforced the priority status of these crimes.
Contact our Financial Criminal Lawyers in London
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