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Jenner & Block Partner Paul Feldberg is quoted in an article for The Times that examines the new Economic Crime Strategic Board (ECSB). The ECSB was developed to battle the increasing volume of financial crimes such as fraud, bribery, corruption and money laundering. The article discusses the suspicious activity reports (SARs) regime as an approach to spotting potential money laundering; however, in its present form, SARs is “generating an unmanageable volume of data.” Weighing in on ways to improve the reports, Paul suggests that “making the reports more focused and ensuring the information they provide is used to properly tackle money laundering should be one of the ECSB’s key objectives.” Titled “The New Blitz on White-Collar Crime,” the article is available to subscribers.
Mr. Feldberg is a partner in the firm’s Investigations, Compliance and Defense Practice. His previous experience includes prosecuting for the UK’s Serious Fraud Office and subsequently advising and defending companies and individuals in matters relating to criminal fraud, corruption, money laundering, sanctions, insider trading and other regulatory actions.