Author: Syedur Rahman 20 January 2021
With investigations into Cum-Ex gaining momentum, Rahman Ravelli’s Syed Rahman wrote about the approaches being taken by the authorities across Europe.
In an article published by Lawyer Monthly, Syed assesses the activities of the Danish tax authority SKAT. SKAT has brought more than 500 lawsuits against individuals and organisations in a number of countries since 2018, is working with Danish criminal authorities and has received information from the UK’s HM Revenue and Customs and Financial Conduct Authority (FCA).
Syed’s piece details the approach being taken In Germany, where the authorities are targeting the banks that facilitated the transactions at the centre of Cum-Ex – and adding them as confiscation parties to criminal cases against individuals.
With the FCA having said that it is investigating 14 companies and six individuals, Cum-Ex is already an issue for the UK authorities. While the precise outcome of existing investigations is impossible to determine, Syed notes that they are gathering pace and increasing in scope.
Syed's article featured on Lawyer Monthly.
Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, civil recovery, cryptocurrency and high-stakes commercial disputes.