Monday, March 27, 2006

People of the Servants

Under the Proceeds of Crime Act 2002, s. 330 and 331, it is an offence for those working in the financial services sector to fail to disclose activity which they ought reasonably to have suspected relates to money laundering:

Which is funny because, so far as I am aware, the police cannot be prosecuted for failing to investigate activity which they ought reasonably to have suspected related to criminal activity.

Indeed, I know a policeman who at night once walked past a man he believed was almost certainly a burglar's look-out (it was New Year's Eve; the man was standing on a street corner nonchalantly smoking). Said rozzer did nothing about it. He told me that if he acted on every bit of suspicious information or behaviour he saw, he would never stop work.

Fair enough. But it still doesn't explain why John and Jane Banker are held to a higher standard.


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