BREXIT MAY AID FRAUDSTERS, AS LEGAL COMPLEXITY GROWS AND ENERGY IS WASTED ON NEGOTIATING DETAILED COOPERATION – EXPERTS
July 1st, 2017
WITHOUT European Union (EU) supervision, the fight against fraud, in the UK at least, will become more difficult after ‘Brexit’, European fraud experts claim.
“London is already known to be a major money laundering centre, so that can only get worse once the EU ‘strings’ have been severed,” predicted Hugh Penri-Williams, fraud consultant and vice president of the Association of Certified Fraud Examiners (ACFE) France. One worrying concern was that the UK could loosen fraud controls on money banked in its jurisdiction and become effectively a major ...
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