Governments around the world are paying more attention to the source and use of money that passes through their financial systems and enacting legislation, such as the UK Criminal Finances Act of 2017, to combat the facilitation of tax evasion. Drawing on their experience in government and private practice, this panel reviewed the UK approach, including how financial institutions react to suspicious transactions, outlining the procedures for restraining and seizing accounts and offering strategies you can use to assist clients when a financial institution suspends access to an account.
Moderator: Caroline D. Ciraolo, Esq., Partner, Kostelanetz & Fink, Washington, DC
Keith D. Krakaur, Esq., Partner, Skadden, Arps, Slate, Meagher & Flom, London, UK
Alison Levitt, QC, CFE, Partner, Head of the Business Crime Group, Mishcon de Reya, London, UK
Polly Sprenger, Esq., Partner, Katten Muchin Rosenman UK, London, UK