City may face flurry of litigation after ‘FinCEN’ dirty money revelations – Nicola Finnerty quoted in The Times

Nicola Finnerty, Partner in our Criminal Litigation team, has been quoted in The Times giving her views on the recently leaked "FinCEN files" and the suspicious activity reporting regime.

Nicola quoted:

The suspicious activity reporting regime must be reformed. It must be made more streamlined to encourage more quality reporting.

The UK has a fragmented supervisory regime and lack of uniformity on interpretations of key principles, which does not help. The underlying story here is that the anti-money laundering regime if far from perfect."

This article was first published by The Times on 24 September 2020. You can read the article in full by clicking here (subscription required).

Further information

For further information on the issues raised in this news post, please contact a member of our criminal team.

About the author

Nicola Finnerty is a partner in the criminal litigation team. She has experience of fraud, corruption  (including the Bribery Act) and cartel matters, financial compliance, money laundering, asset seizure and confiscation cases, through to sexual offence cases, drugs, murder and offensive weapon crimes.