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
[Robert Brown is] “Highly intelligent, hugely experienced, full of common sense, and shrewd, and knows exactly how to pitch it.”
Legal 500 2011
Corker Binning is 'thriving'.
Legal 500 UK 2012
“She is sharp, diligent and much loved by her clients.”
Who’s Who Legal: Investigations 2017
Peter Binning is “very enthusiastic and clear-headed”, and an excellent negotiator. He has an incredible success rate representing Russian nationals facing extradition.
Chambers UK 2010
Andrew Smith is acclaimed in Chambers as "a huge legal brain and a thoroughly nice guy to boot."
Chambers UK 2017
[David Corker is] praised for his robust and intelligent advice.
Chambers UK 2011
Edward Grange is celebrated as "excellent with clients and extremely hard-working," highlighting his expert advocacy skills and "unique insight into how extradition cases work."
Chambers UK 2017
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 2017:
David Corker – Band 1
Peter Binning – Band 1
Jessica Parker – Up and Coming
Andrew Smith – Band 3
- Corker Binning is ranked in Band 1 of recommended firms for Financial Crime: Individuals by Chambers 2017.
- Corker Binning is ranked as a first tier firm for Fraud by Legal 500 2016 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 2016.
- Olivia Haggar discusses the 4MLD and the Gambling Industry in Compliance Briefing
- 4MLD and the Gambling Industry
- Curbing money laundering and terrorist financing – new initiatives put in place
- The rise of corporate transparency in the UK and UK territories
- Peter Binning examines the fourth Anti-Money Laundering Directive in Lexis PSL
- Claire Cross comments on the planned launch of OPBAS in The Wall Street Journal and PaymentsCompliance
- Claire Cross comments on Deutsche Bank record £163m FCA fine in the Evening Standard, Yahoo! News, GIR and Law360
- Jemma Sherwood-Roberts discusses global corruption in The Times
- Jessica Parker discusses asset recovery at the Law Society of England and Wales
- Jessica Parker comments on the latest European Anti-Money Laundering Directive in In-House Perspective magazine
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