Get ready for a Brexit crime wave
Brexit could lead to a spike in organised crime in the UK, with money laundering, bribery and other corporate offences likely to increase. The National Crime Agency warns that a change in the profile of countries the UK trades with will open companies up to more corrupt practices.
“Criminals are not constrained by geographical or jurisdictional boundaries and are inherently opportunistic,” says the NCA report. “We expect that many will strive to take advantage of the opportunities that Brexit might present, for example from the design and implementation of a new UK customs system or from increased challenges for EU and UK law enforcement in locating and extraditing international fugitives if the UK were to lose enforcement or intelligence sharing tools.”
The agency also says organised crime groups are increasingly using new technology and profiting from globalisation to adapt their methods of committing serious crime. It says cyber crime is continuing to rise in both scale and complexity.
Corporate crime expert Laura Dunseath of Pinsent Masons, the law firm behind Out-Law.com, said:
"Brexit will continue to pose a risk of increased criminality for UK companies,” warns corporate crime specialist Laura Dunseath of Pinsent Masons. “There is still a need for better clarity around the types of cooperation frameworks that the authorities are going to have in place with their EU counterparts to replace existing frameworks for arrest warrants and extradition agreements.”