Kennedy Talbot QC delivers a money laundering presentation to The Investment Association

To an audience of financial crime compliance professionals and in-house lawyers Kennedy Talbot QC, Adrian Hood (Board member of the JMLSG and the financial crime lead for the Investment Association) and Steve Smith (Corporate Crime and Investigations Partner at Eversheds Sutherland LLP) discussed recent developments in money laundering law and practice. The session covered a number of areas including finding solutions to challenges in cross border cannabis investment and observations on developments in the NCA approach to dealing with requests for a defence against money laundering.

The lively question and answer session that followed demonstrated that the current approach of the government and authorities on these issues is causing continuing concern to UK Investment Managers.

Fiona Jackson - Tools and Best Practice for International Asset Recovery Co-operation for the Regional Anti-Corruption Initiative of Western Balkan States

Fiona Jackson (with Jill Thomas and Lawrence Day of AML Consulting Ltd) developed a handbook on Tools and Best Practice for International Asset Recovery Co-operation for the Regional Anti-Corruption Initiative of Western Balkan States.

Between 11-13 June, Fiona was also part of the team delivering a 3-day interactive workshop in Skopje, North Macedonia to judges, prosecutors & investigators from 8 Balkan countries on asset seizure measures and international cooperation to strengthen anti-corruption.  The workshop aimed to enhance international co-operation responses in all phases of the asset recovery process in cases in the Western Balkans region, explain available recovery tools, exchange best practice and expertise in fighting corruption, provide an integrated approach and inspire confidence in rule of law: http://www.rai-see.org/models/11-13-june-2019-skopje-macedonia-regional-mutual-legal-assistance-and-asset-recovery-training/

The Regional Anti-Corruption Initiative provided this particular regional project in conjunction with The Aire Centre (Advice on Individual Rights in Europe) and with the support of the UK’s Foreign & Commonwealth Office and the Konrad Adenauer Foundation.

To instruct Fiona, please contact Martin Adams or Chris Chiles or call 0207 440 9950.

Successes for Chambers in Civil Recovery Cases

Members of Chambers have represented Defendants in a recent much publicised NCA Civil Recovery case:

Martin Evans QC and Faisal Osman represented a Defendant plus 3 Defendant Companies and Barry Stancombe represented a further Defendant company.

Barry Stancombe, having already set aside a Recovery Order obtained by the NCA on a summary judgment application, successfully settled the proceedings.

Martin Evans QC and Faisal Osman obtained successful settlements for their clients, including the retention of property and the recovery of commercial lending plus interest. 

This followed an eight-year investigation by the National Crime Agency (NCA) into an alleged money-laundering racket involving one of Europe’s most notorious drug smugglers, the Russian state and hundreds of millions of pounds. Investigators suspected that their target (not represented by Chambers) had “amassed considerable wealth” through “unlawful conduct” but had put his assets in the names of others. £6m worth of assets are now subject to a Civil Recovery Order - Eleven properties will be handed over including an award-winning boutique hotel and brasserie plus property in prime London locations.

The alleged money-laundering scheme first came to light during an NCA investigation into luxury car salesman Amir Azam, who was jailed for life in the United Arab Emirates after being convicted of drug trafficking. That investigation recovered about £4m in assets.

Recent cases have shown that upon receipt of appropriate evidence and legal representations the NCA may be prepared to reach settlements without costs rather than proceed to a fully contested trial. This more recent commercial approach by the NCA allows for the barristers at 33 Chancery Lane to utilise their specialist POCA legal knowledge and civil law expertise in order to ensure the best outcome for those facing Civil Recovery proceedings brought by the NCA or other prosecuting agencies.