Fraud, money-laundering and other financial crimes are difficult to prosecute, and the enforcement agencies such as the Serious Fraud Office (SFO) have had a patchy record of success to date, but is that about to change?
In this week’s NLJ, Satnam Tumani, partner at Edmonds Marshall McMahon, thinks recent changes of personnel combined with legislative reforms could make a big difference.
Tumani, who spent 18 years in various roles at the SFO, writes: ‘In my experience a change of political colour at the top often leads to a change in focus for the various financial crime enforcement agencies
‘This dynamic may be amplified this time around.’
Tumani looks ahead to the general election, which could (although three weeks is a very long time in politics) put a former director of public prosecutions in Number 10, as well as to recent changes at the main enforcement agencies, and recent legislative tools such as the ‘failure to prevent’ offence.
.tmb-mov69x69.jpg?sfvrsn=16d9dd3d_1)
