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Jonathan Fisher QC’s transcript of oral evidence to the Home Affairs Committee

The Home Affairs Committee has been conducting an inquiry into how effectively the measures introduced in the Proceeds of Crime Act 2002, to deprive criminals of any benefit from their crimes, are working. In particular, the inquiry will assess the operation of confiscation orders, which are the main mechanism through which this policy is implemented.

Jonathan Fisher QC attended a Home Affairs Committee yesterday, the 8th March in  Portcullis House, London at 2.15pm.

During the committee, Jonathan was questioned on his recent quote in the Lloyds Law Reports ,

'Let's face it, Part 2 of the Proceeds of Crime Act is a lamentable failure. In short, the UK's confiscation regime does not work.’

Jonathan was asked, ‘What brought you to write these very harsh words about legislation that people were quite pleased when it was put on the statue book?'

He replied,

'I think you've only got to look at the figures that have come out over the years that show the level of confiscation orders that are unfulfilled to realise in a moment that the system is not working. So then one has to drill down in to that and look at the figures and ask, are they realistic figures? And then to go on to say, well if they are, why is there so much uncollected money?’

You can view the full video of the committee here. The session has also been covered in the Evening Standard this evening. 

Jonathan Fisher QC is a barrister specialising in financial crime and proceeds of crime cases. He is ranked in Band 1 by Chambers & Partners UK as a leading barrister in these areas.  Jonathan can be contacted at fisher@devchambers.co.uk
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