01/02/19

Economic Crime | Kangs Financial Fraud Defence Solicitors

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A new taskforce, the Economic Crime Strategic Board (‘ECSB’), has been announced bringing together the Home Secretary, Chancellor of the Exchequer, National Crime Agency (‘NCA’), and the Solicitors Regulation Authority (‘SRA’)  with the common intent of addressing and tackling the ever increasing burden on the economy of financial crime, which encompasses fraud, bribery and money laundering.

The Proposals | Kangs Financial Crime Advisory Team

  • It is the intention that the ECSB will prioritize its targets, direct its resources appropriately and scrutinize performance in tackling economic crime.
  • There will be a ‘strategy board’ to include members of the finance industry, government ministers, representatives from the NCA and also from the SRA. The Home Secretary, Sajid Javid, and the Chancellor, Philip Hammond, are to chair the meetings.
  • It is proposed to reform the Suspicious Activity Reports regime, which seeks to identify suspicious financial activity, by the investment of three and a half million pounds into the project in 2019/20.

The Chancellor, Philip Hammond is reported to have said:

‘The UK is leading the world in the fight against illicit finance, preventing fraudsters from stealing billions from the public each year. By bringing together specialists across the public and private sector, we can use the best of our expertise to maintain our status as a global financial centre.’

How Can We Assist? | Kangs Financial Fraud Defence Solicitors

Kangs Solicitors fields an experienced team accustomed, on a daily basis, to defending matters throughout the country relating to alleged financial crime of all nature and at all levels.

Our team has considerable experience in assisting and defending directors, other company officials and individuals in respect of allegations of financial impropriety including theft, embezzlement, fraudulent trading, money laundering, both national and international, and arising from regulatory and insolvency issues of all kinds.

Our team is led by Hamraj Kang who is recognized as a leading expert in the field of financial crime. He is one of only two solicitors nationally to be ranked as a ‘star individual’ for four consecutive years in the legal directory Chambers and Partners

Other members of the team are ranked in the Legal 500 and also ranked in Chambers & Partners.

Please feel free to contact our team through any of our solicitors named below who will be happy to provide you with some initial advice and guidance.

Hamraj Kang
hkang@kangssolicitors.co.uk
07976 258171 | 020 7936 6396 | 0121 449 9888

John Veale
jveale@kangssolicitors.co.uk
0121 449 9888 | 020 7936 6396

Tim Thompson
tthompson@kangssolicitors.co.uk
020 7936 6396 | 0121 449 9888

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