Bark And Co

As one of the leading serious fraud firms in UK, Bark & Co regularly have to advise their clients on the implications of money laundering charges which often accompany investigations and prosecutions of fraud. UK legislation is wide ranging and recent changes to the law have increased the likelihood of money laundering charges being pursued vigorously by the authorities. The team at Bark & Co are experts in the interpretation of the law and in particular the parameters open to the prosecuting authorities in respect of money laundering charges.

In the UK, primary legislation on money laundering includes the Terrorism Act 2000, the Anti-Terrorism Crime & Security Act 2001, the Proceeds of Crime Act 2005 and the Serious Crime and Police Act 2005. Secondary legislation comprises Money laundering Regulations 2003 and 2007. These increasingly stringent regulations put the onus on businesses to ensure that certain controls are in place to prevent them being used for money laundering purposes including customer due diligence measures and internal controls and monitoring systems.

The City trader accused of Britain’s biggest bank fraud was granted bail today.

Ghanaian-born Kweku Adoboli, 31, is likely to be freed from jail after the weekend with an electronic tag. He will be under curfew and must live at a specific London address.

The details were agreed before a judge in chambers at Southwark crown court.

Adoboli’s solicitor Tim Harris, of Bark & Co said his client was delighted and “very emotional”.

A spokesman said: "Kweku Adoboli is delighted he has been granted bail. He is now free to work on the case with his legal team and is looking forward to defending himself."

The former employee of Swiss bank UBS, accused of being a £1.3 billion “rogue trader”, denies two charges of false accounting, dating as far back as 2008, and two counts of fraud between January and September last year.

A provisional trial date has been set for September 3 and the case is expected to last for eight weeks.

At Bark & Co our expert legal team has built an enviable reputation for the quality of representation, responsiveness to client needs, and high levels of client satisfaction

Bark & Co has been instructed by Glenn Vian since the mid-2008. Not guilty verdicts were entered against Mr Vian and the other defendants, following complex and fiercely fought challenges to the Crown’s case during protracted pre-trial legal argument. The initial investigation into the murder of Daniel Morgan in 1987 was deeply flawed, and many compelling leads were not pursued properly or, in some cases, at all. The level of public resources expended in this most recent investigation is simply breathtaking. The Police bought the house next door to Mr Vian, in order to conduct thousands of hours of intrusive covert surveillance upon him and his family. They released false stories to the press in an effort to trigger incriminating conversations. When these efforts failed to produce any cogent evidence, a case was built against these defendants using “supergrass” witnesses, and considerably flawed Serious Organised Crime & Police Act (SOCPA) agreements. It will come as no surprise to right thinking people to learn that those of the worst character, facing many years in custody for crimes including drug trafficking and attempted murder, will say anything in order to secure a massive reduction in their sentence and/or substantial financial benefits.

Bark & Co’s clients benefit from the support of one of the country’s leading fraud and business crime firms. It’s highly-skilled lawyers are committed to providing top class advice at every stage of proceedings. If it can prevent expensive litigation then it will; if not then it will fight tenaciously to protect its clients’ interests.

The firm: Established in 1996 by Giles Bark-Jones, Bark & Co has developed into one of the UK’s most progressive and successful fraud firms. A member of the Specialist Fraud Panel, it handles commercial and criminal fraud, business and tax regulation, tax investigations, white-collar crime and serious crime for individuals, national and international companies and other bodies. The firm has also established itself as a leader in the field of cash and asset recovery in both criminal and civil courts.