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Lawyers warn of ‘criminal’ Brexit workarounds: ‘You could be easily prosecuted’

'The patience of the regulatory authorities is now wearing quite thin,' says one City lawyer of Brexit loophole tactics

On Brexit, 'the mood in Brussels is not to compromise and let UK financial services firms have the cake and eat it'
On Brexit, 'the mood in Brussels is not to compromise and let UK financial services firms have the cake and eat it' Photo: Getty Images

Don’t dismiss European regulators warnings around use of a tactic known as chaperoning to circumvent Brexit, lawyers warn City bosses. 

The move follows Financial News reporting about the growing popularity of the tactic, which allows London traders to continue to provide services to customers in the European Union by including on calls a colleague, or “chaperone,” regulated to work in the bloc.

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