Fraud and Financial Crime

We routinely provide comprehensive expert advice for high-profile fraud investigations and prosecutions. XT 24, who previously served as the Lead Investigative Lawyer at the UK’s Serious Fraud Office (SFO), lends the team a unique insight, knowledge, and understanding of enforcement agencies, giving our clients a distinct advantage when facing probes from domestic or overseas prosecuting agencies.

The XT 24 team advises a diverse range of clients confronting allegations of fraud and financial crime. Whether an employee or a senior executive is under scrutiny, we employ a tactical and astute strategy tailored to the specific needs of each case. From cases involving losses under £1 million to cross-jurisdictional, high-profile investigations with allegations of multi-billion-pound losses, our team boasts an enviable track record of providing excellent services to clients. In cases with an international dimension, our team offers further expert advice, and in the event of extradition concerns, separate advice can be provided.

Having played a pivotal role in some of the most notorious SFO cases in the last decade, including the LIBOR and Barclay Qatar cases, we offer advice and assurances throughout any probe, guiding clients carefully through procedures to secure a successful outcome.

When authorities decide to prosecute, our team leverages extensive defense and prosecution experience to provide comprehensive and insightful advice. Our stellar reputation ensures that if a trial becomes unavoidable, we engage the very best Counsel at the top of their field.

What is Fraud and Financial Crime?

Fraud is a subtype of financial crime, which encompasses any economically motivated crime posing a significant threat to economic development and stability.

Financial crime can be categorized into two fundamentally different yet closely related types of conduct. Firstly, there are activities that dishonestly generate wealth for those involved, such as the exploitation of insider information or the acquisition of property through deceit. Alternatively, individuals may engage in deceit to secure material benefits for others. Secondly, there are activities that do not involve dishonestly taking a benefit but aim to protect or facilitate the taking of such benefit. An example is attempting to launder criminal proceeds to place them beyond legal reach.

Types of Financial Crime

Financial crime includes the following offenses:

• Fraud
• Electronic crime
• Money laundering
• Terrorist financing
• Bribery and corruption
• Market abuse and insider dealing
• Information security

When should I seek legal advice?

If you suspect that you or your organization may be involved in fraud or financial crime, seek legal advice immediately.

Unfortunately, there are occasions when the first knowledge of an investigation comes when authorities execute a search warrant and conduct interviews under caution in the early hours.

If you need guidance or advice on Fraud and Financial Crime or more information about us and our Criminal Litigation, Investigations, and Regulatory services, please contact a member of the XT 24 team who will be able to assist.