What we do

  • Founding partner Peter Binning, our reigning Business Crime Lawyer of the Year, is celebrated among peers and clients alike, who take note of his “immense experience” and “impeccable judgement”.

    Who’s Who Legal 2016

  • Andrew Smith frequently advises on white-collar crime and regulatory issues, including SFO, FCA and HMRC prosecutions. He has notable experience in representing individuals in complex extradition cases.

    Chambers UK 2015

  • Gemma Tombs is gifted with ‘very clear thinking’ and is seen as ‘a rising star’. She recently advised a client charged with conspiracy to supply class A drugs in the context of a large prosecution of several gangs.

    Chambers UK 2014

  • Name partner Peter Binning is a former public prosecutor who receives substantial market recognition for the strength of his practice. He is a “capable and hands-on practitioner,” who is “very deserving of his Band 1 status,” say sources.

    Chambers UK 2012

  • Peter Binning is “a charming and clever lawyer who is a real rainmaker”.

    Legal 500 2011

  • A heavy-hitting firm for extradition. They are a private client firm that carry over standards to legal aid work.

    Chambers UK 2016

  • The ‘extremely talented’ [criminal] practice head Robert Brown, who ‘always sees the bigger picture’, acted for a number of clients on the Leveson Inquiry

    Legal 500 2015

  • ‘One of the leaders’ in terms of representing individuals, Corker Binning offers ‘excellent value for money’ when it comes to advising corporates. David Corker and Peter Binning are both recommended.

    Legal 500 UK 2014

Money laundering

The UK has some of the toughest money laundering legislation anywhere in the world. Under the Proceeds of Crime Act 2002, the offence carries a maximum sentence of 14 years imprisonment accompanied by the almost inevitable threat of restraint and confiscation proceedings.

Prosecuting authorities are increasingly eager to take advantage of the wide range of offences that constitute money laundering and which allow them to spread their investigative net wider than just those individuals who are charged with fraud offences alone. The Serious Fraud Office has recently acknowledged the usefulness of the proceeds of crime legislation now that the Bribery Act 2010 is in force and intends to investigate money laundering with renewed vigour alongside allegations of corruption.

Our lawyers frequently act for professionals who find themselves unexpectedly caught up in money laundering investigations whether as witnesses or suspects. We offer expert advice on what steps can be taken to minimise the impact of such an investigation.

We also advise solicitors, accountants and other professionals in finance and banking on the stringent anti-money laundering compliance measures required by the Money Laundering Regulations 2007. The importance of these regulations, breaches of which may involve financial penalties and possible imprisonment, has been underlined by a recent study undertaken by the Financial Conduct Authority (FCA) into the UK banks’ handling of the threat of money laundering in high risk cases. The FCA found that approximately 75% of banks in the UK had failed to take adequate steps to establish the provenance of funds and confirmed that two banks, not identified, were now facing enforcement action after serious weaknesses in their anti-money laundering controls were identified. At Corker Binning we offer expert advice to individuals and companies on these issues. Partners Peter Binning and Jessica Parker are members of the Law Society’s advice panel for anti-money laundering matters and the firm is retained by one of the leading accountancy firms to advise on money laundering.

More

Our lawyers have recently advised on the following matters:

  • Advising numerous companies and funds (both in the regulated and non-regulated sectors) on compliance with their money laundering obligations under the Proceeds of Crime Act 2002, when to make suspicious activity reports to the National Crime Agency and how to comply with the provisions on tipping-off and prejudicing an investigation.
  • Advising an overseas political party on a major Met police investigation into money laundering arising from alleged terrorist activities.
  • Advising a number of witnesses at a major bank in connection with an SFO investigation into suspected money laundering and failure to report.
  • Acting for one of the main defendants in a $36 million international money laundering case tried in the UK and involving Nigeria’s mobile telephone provider.
  • Advising two major high street banks on behalf of employees interviewed or investigated either for actual money laundering or for failure to report suspicion of money laundering offences. In both cases we persuaded police to drop their investigations.
  • Advising many individuals in the well publicised operation by the Metropolitan Police called Operation Rize in which three London safe depositories were raided and 6,700 deposit boxes opened and searched.
  • Acting for a foreign national extradited back to the UK to face charges for laundering the proceeds of drug trafficking.

For more information about Corker Binning’s expertise in this area, please visit business crime and fraud, cartels and company investigations, corruption & bribery, FCA investigations and insider dealing and market abuse or call us on 0207 353 6000.

Named as key individuals in the field of Financial Crime: Individuals by Chambers UK 2015:

Chambers 2015 award
Legal 400 Top Tier 2015 award

David Corker – Band 1

Peter Binning – Band 1

Andrew Smith – Band 3

  • Corker Binning is ranked in Band 1 of recommended firms for Financial Crime: Individuals by Chambers 2015.
  • Corker Binning is ranked as a first tier firm for Fraud by Legal 500 2015 and David Corker and Peter Binning are named as leading individuals for Fraud.
  • Peter Binning and David Corker are the most highly regarded individuals in International Who’s Who of Business Crime Defence Lawyers 2015.