Fraud & financial regulation

Three Raymond Buildings has a long-established reputation as a leading set for fraud, money laundering, and anti-competitive conduct. We are well known for our superior advocacy and commercial acumen, and are regularly instructed to prosecute or defend complex and high-profile matters.

We advise and represent individuals and corporations at all stages of the criminal process. This includes providing critical pre-charge advice, which can often result in the avoidance of proceedings altogether. Our expertise in restraint and confiscation proceedings enables us to advise our clients in any parallel or subsequent proceedings under the Proceeds of Crime Act 2002.

We are able to draw on our extensive experience in dealing with international or multi-jurisdictional matters, as well as our expertise in mutual legal assistance, to meet the challenges posed by the increasingly globalised nature of fraud investigations and prosecutions.

Some of our members have been appointed to the Serious Fraud Office”s list of Panel Counsel and have acted as Standing Counsel to the Department of Business, Innovation and Skills.

Our expertise in fraud extends to civil and commercial fraud claims initiated in the UK and abroad, either as stand-alone claims or alongside threatened or ongoing criminal or regulatory proceedings.

Members of Chambers write and lecture about fraud and related subjects and have co-authored some of the key texts in the area including: Simon Farrell QC, Guy Ladenburg and Nicholas Yeo, Blackstone”s Guide to the Fraud Act (OUP 2007); Alexander Cameron QC (contributor) Fraud: Criminal Law and Procedure (OUP 2010); Simon Farrell QC and Nicholas Yeo, Money Laundering Law and Regulation: A Practical Guide (OUP) (2011).

Areas of expertise

  • Anti-competitive conduct (cartels, market abuse, insider dealing)
  • Civil/commercial fraud
  • Fraudulent trading
  • Mortgage fraud
  • Money laundering
  • Revenue fraud
  • VAT/MTIC fraud

Notable cases

  • Bailey (AIT) (first prosecution by the FSA for criminal market abuse)
  • Brammar (first prosecution by the OFT for cartel offences)
  • Calvert (Cazenove insider dealing case)
  • Cushnie (multi-million pound fraud at Versailles trading group)
  • Frank Warren (boxing promoter accused of substantial VAT fraud)
  • Gangar and White (£140m Ponzi fraud and corruption of a US prosecutor)
  • Napoli (multi-million pound Ponzi fraud and money laundering)
  • Nicol (multi-million pound fraud on the NHS)
  • Tikhonov (fraud)
  • Uberoi (insider dealing)
  • Westwood (multi-million pound metal recycling fraud)
  • Young (Morgan Grenfell) (City fund manager charged with fraud)

Financial regulation

We are highly experienced in the area of Financial Services law and are instructed by both the Financial Services Authority (“FSA”) and individuals and corporations in the financial services industry.

We advise in relation to the full range of FSMA matters including authorisation, compliance and enforcement. We have appeared in contested hearings before the Financial Services and Markets Tribunal and also prosecute and defend in criminal proceedings initiated by the Financial Services authority.