Author: Niall Hearty 10 December 2021
With a leading think tank calling for major changes to UK anti-corruption laws, Niall Hearty told Law360 that having bolder, properly-resourced enforcement agencies may be a higher priority.
The independent policy institute Chatham House has said that the UK’s legal system is being undermined by the professional services being provided to east European kleptocrats who are looking to launder their proceeds of crime here.
In a report, Chatham House argues that failures by the National Crime Agency and other prosecuting bodies have led to flawed court judgments. It says that fundamental changes are needed to stop London being a “home from home’’ for those making illegal gains from former Soviet states.
But Niall said that such a large-scale overhaul may not be required. He stated that the Proceeds of Crime Act 2002, the Money Laundering Regulations 2017 and other laws are being employed to recover the wealth of those involved in organised crime. Niall also emphasised the use of unexplained wealth orders and account freezing orders.
He explained that any problems may be best solved by making sure that the agencies in question are properly prepared and have enough resources to tackle such wealthy criminal figures.
Niall's comments can be read on Law360. (Subscription required)
Niall has a wealth of corporate crime expertise and an ability to coordinate global bribery and corruption cases. His achievements in such investigations have made him a logical choice for corporate clients.