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Jonathan Fisher QC writes article in the Times - The Brief, ‘Criminal law needed to force banks to behave’

Jonathan Fisher QC has recently written an article in the Times entitled, ‘Criminal law needed to force banks to behave’. The article discusses how some of the UK's leading banks have over the years been prepared to ignore the risk of facilitating financial crime, motivated by unadulterated corporate greed.

The most recent result of this malign attitude towards adherence to regulatory standards came three months ago when the Financial Conduct Authority fined Barclays Bank £72 million for failing to minimise the risk that its business could be used to facilitate financial crime.

The failings related to a £1.88 billion transaction that Barclays executed in 2011 and 2012 for a number of ultra-high net worth clients. The clients involved were politically exposed persons (PEPs) and the bank should have subjected them to enhanced levels of due diligence and monitoring.

Read the full article in ‘The Brief’ here.

Jonathan Fisher QC is a barrister specialising in financial crime and fraud cases. He is ranked in Band 1 by Chambers & Partners UK as a leading barrister in these areas.  Jonathan can be contacted to discuss any of the issues raised in the article at fisher@devchambers.co.uk.
Jonathan Fisher QC’s transcript of oral evidence t...
Jonathan Fisher QC gives evidence to Home Affairs ...
The views expressed in this article represent those of the author and not Bright Line Law.

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