Jonathan Fisher KC writes for The Times

January 18, 2024

Jonathan Fisher KC has written an opinion piece for The Times today (Thursday 18th January) where he comments that the UK must regulate discretionary trusts by statute to prevent them from becoming havens for illicit funds. Currently, a discretionary trust can be a vehicle of choice for savvy criminals seeking a safe haven for illegally obtained money. The key feature of the trusts is that they confer a wide discretion on trustees to decide which beneficiaries should benefit and in what sums. Jonathan comments:

“If the UK took the lead, other jurisdictions would be encouraged to follow. Notwithstanding parliament’s recent economic crime legislation, something more needs to be done.”

Read full piece here: [The Times]

A leading King’s Counsel in Financial Crime, Proceeds of Crime, Fraud (Civil and Criminal), and Tax (Corporate and VAT) cases, Jonathan Fisher KC additionally holds a PhD from The London School of Economics and Political Science (LSE) where he teaches LLM students as a Visiting Professor in Practice. He will be chairing the upcoming Government’s Independent Review into the Disclosure Regime and Fraud Offences and alongside the Independent Review will continue his busy client practice.

More info here: [Jonathan Fisher KC Profile]