Phil specialises in advising individuals and corporates in relation to criminal and regulatory issues. His practice covers all areas of business and financial crime, financial services investigations, other contentious regulatory matters and internal investigations.

Phil has experience of advising on investigations and prosecutions by a wide range of bodies, including the Serious Fraud Office (SFO), Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), Crown Prosecution Service (CPS), National Crime Agency (NCA), HM Revenue & Customs (HMRC) and Competition and Markets Authority (CMA). His cases frequently involve serious allegations such as fraud, market abuse, insider dealing, money laundering, false accounting, bribery and corruption, electoral offences and anti-competitive behaviour. Many of Phil’s cases have an international element and he has advised on cross-border investigations, extradition proceedings and Interpol matters.

Phil is a member of Kingsley Napley’s Financial Services Group and has extensive experience of advising firms and individuals regulated by the FCA. He has represented a large number of clients under investigation by the FCA for alleged market abuse, insider dealing, conducting unauthorised business and other regulatory breaches. He has experience of advising on FCA investigations from their early stages, including attending compelled interviews or under caution, through to hearings before the FCA’s Regulatory Decisions Committee (RDC), Upper Tribunal and Court of Appeal. Phil has also acted for individuals in relation to contested FCA approval applications and advises firms and individuals on a range of other FCA regulatory issues, including reporting obligations and supervisory issues.

Phil frequently conducts internal investigations on behalf of corporates into allegations of wrongdoing, often following whistleblowing reports.  He also advises members of staff involved in such investigations.  His experience spans a number of industry sectors including financial services, media, charities/foundations and technology.

Phil maintains a general crime practice and also advises on contentious regulatory issues in a range of other sectors, including matters involving the Financial Reporting Council (FRC), Institute of Chartered Accountants in England and Wales (ICAEW), Gambling Commission and CFA Institute.

Recent work

Business and financial crime

  • Representing a global professional services firm in respect of criminal allegations of fraud against a number of its employees.
  • Representing several individuals in respect of an SFO investigation into overseas bribery and corruption.
  • Representing an individual under investigation by the SFO for suspected fraud, bribery and money laundering.
  • Representing an individual under investigation by the SFO in connection with accounting issues.
  • Representing several individuals in relation to HMRC investigations following the “Panama Papers” and “Paradise Papers” leaks.
  • Representing firms and individuals in relation to money laundering and proceeds of crime investigations, including those whose bank accounts are the subject of account freezing orders.

Financial services

  • Representing a number of individuals under investigation by the FCA for suspected insider dealing and market abuse.
  • Representing the CEO of a major bank under investigation by the FCA, PRA and FRC following the near-collapse of the bank.
  • Representing a senior banker under investigation by the FCA for alleged breaches of APER 1 (integrity).
  • Representing the CEO of a FTSE 250 company under investigation by the FCA for alleged market abuse in connection with a number of profit warnings.
  • Representing the CEO of a firm under investigation by the FCA for misleading financial promotions.
  • Representing a firm in relation to allegations of conducting unauthorised business.
  • Representing a number of individuals in relation to contentious non-routine FCA approval applications.
  • Representing the CEO of a bank in relation to an internal investigation into allegations of misuse of inside information.
  • Representing a number of bankers in relation to internal investigations concerning allegations of false accounting, breaches of risk limits, fraud, bribery, market manipulation, market abuse and other AML and compliance issues.

Competition and cartels:

  • Representing an individual in respect of an investigation by the European Commission into alleged anti-competitive behaviour.
  • Representing an individual in respect of an investigation by the CMA into alleged price-fixing and market sharing.

Internal investigations

  • Conducting internal investigation for a number of companies into allegations of misconduct by current and former staff members.
  • Representing the CEO of a bank in relation to an internal investigation into allegations of misuse of inside information.
  • Representing the CEO of a PLC in relation to allegations of fraud and false accounting.
  • Representing a number of bankers in relation to internal investigations concerning allegations of false accounting, breaches of risk limits, fraud, bribery, market manipulation, market abuse and other AML and compliance issues.

Regulatory

  • Representing an individual under investigation by the CFA Institute.
  • Representing an individual in respect of a Gambling Commission investigation concerning anti-money laundering (AML) and social responsibility issues.
  • Representing a number of accountants under investigation by the ICAEW and FRC relating to accounting and conduct issues.

 

Professional societies and memberships

  • Financial Services Lawyers Association (FSLA)
  • London Criminal Courts Solicitors’ Association (LCCSA)
  • Young Fraud Lawyers’ Association (YFLA)

 

Insight from Philip

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Contact Philip

+44 (0)20 7566 5283

psalvesen@kingsleynapley.co.uk

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