Amjid Jabbar, Partner at Stokoe Partnership Solicitors comments in The Times regarding the FCA’s recent convictions following Operation Tabernula.

“What’s the chance of today’s government anti-corruption summit being anything more than a fig leaf to cover up international inactivity? Maybe more than you might think if the release of the Panama papers proves to be a game-changer…

To make it “concrete”, Vitou offers up the following recommendations for what he calls “decisive action”: immunity from prosecution for businesses who “self-report” corruption; cash incentives for whistle-blowers; an anti-money laundering system that focuses on genuine risks, limits red tape and is backed by technology; increased funding; inter-governmental cooperation and the role of the Foreign and Commonwealth office.

Looks a good starting point.

What price justice?

The Financial Conduct Authority’s Operation Tabernula case resulted this week in two convictions for insider dealing and three acquittals. It was, you might say, a typical curate’s egg of a result. But was it value for money? At £10 million, it cost a lot.

“The FCA will attempt to herald this as another success but given the length of investigation and the costs, does it really justify this headline?” asks Amjid Jabbar, of Stokoe Partnership Solicitors…”

Read the full article on The Times website, behind a paywall, here.