Kyle Phillips, Director, Corporate and Financial Crime
- United Kingdom office
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I am a Director specialising in corporate and financial crime advising companies and individuals in relation to a range of business crime related issues including fraud, bribery and corruption and money laundering.
I have particular expertise in representing companies and individuals investigated by UK and overseas enforcement agencies including the Serious Fraud Office, the Crown Prosecution Service, the Financial Conduct Authority, the U.S. Department of Justice, Her Majesty’s Revenue and Customs, the National Crime Agency and the Information Commissioner's Office. My cases are often complex and multi-jurisdictional.
I am recognised as an associate to watch by Chambers and Partners 2019 which describes me as being "respected for his work in fraud cases and other financial crime matters. Sources describe me as a "fantastic" and "very approachable, hands-on lawyer."
I have been instructed in investigations across many sectors including:
- Banking and financial services
- Energy, gas and oil
- Hotels and leisure
- Real Estate
I have written many articles and I frequently speak at conferences for a range of corporate crime matters. I have a particular interest in new technology including distributed ledger technology and its implications on financial crime.
I recently gave a talk at the 6th International Anti-Money Laundering Conference for the Banking Association for Central and Eastern Europe on The Impact of Regulation on Blockchain. I also recently had an article published in Financial News – Why Blockchain is not the answer to money laundering – yet.
Last year I had an article published in Spears – Meet Blockchain – The Best Bet to Corruption.
In my spare time I enjoy keeping fit, spending time with my children and supporting Newcastle United.
I was a senior member of the team which represented the only defendant to be acquitted after a 4 month trial in the SFO investigation concerning the manipulation of the EURIBOR. He had been under criminal investigation in the UK since 2015 and this case involved vast amounts of disclosure, complex legal arguments and applications which included obtaining a subpoena in the US district court. We were assisted by lawyers in both Germany and the US.
I conducted an investigation into a company unlawfully concerned in a Collective Investments Scheme. This involved self-reporting to the FCA, liaising with the FCA in the resulting investigation, liaising with the NCA and submitting several SARs to request defences under the Proceeds of Crime Act 2002 (POCA). The FCA eventually took no action against our client and we were able to protect our clients business so they could continue to operate with minimal disruption.
I represented a trader investigated by the FCA and the DOJ concerning allegations of manipulating the FOREX rates. This included representing our client at numerous interviews in the UK with the banks solicitors, and the UK and US authorities. Eventually no further action was taken against our client. We worked closely with US lawyers in this matter.
I represented a company director investigated by the SFO in an international investigation into a suspected multi-million pound fraud, crossing several jurisdictions including the Caribbean, UAE and Russia.
I represented a company director investigated by a postal service concerning an allegation of a multi-million pound fraud. The investigation is ongoing.