Expertise

David is a partner in Stewarts’ Financial Crime department. His prior role as the Group Senior Sanctions Officer for a private bank, combined with extensive financial crime experience in private practice, results in David being expertly placed to advise on the legal, regulatory, commercial and practical aspects of sanctions, fraud, corruption, money laundering, market manipulation, market abuse and insider trading. David has a reputation for providing commercial, pragmatic advice and is particularly adept in conducting internal investigations.

Before honing his extensive experience in international sanctions in a banking environment, David worked for several years in the financial crime team at Eversheds Sutherland. His expertise includes conducting internal bribery and corruption investigations for domestic and multinational companies, and advising and dealing with money laundering risks and issues. He successfully advises and defends in matters concerning the FCA, SFO, HMRC, NCA, CPS and the DOJ in the USA.

David brings expertise in international sanctions at a level usually found only within financial institutions, advising individuals, banks and corporates regarding their obligations in doing business around the world, where there may be a possible sanctions or other financial crime exposure.

David is acknowledged by The Legal 500 as “a sanctions specialist who actually knows how sanctions work – having worked extensively in this field for years”.

Experience

David successfully represented senior individuals in relation to the SFOs investigations into both Barclays’ 2008 Qatari capital raising and the misreporting of profits by Tesco Stores Ltd. He also represented an individual in the DOJ and FBI’s investigation into manipulation of global foreign exchange markets, as well as acting in a Metropolitan Police bribery investigation into an energy and assets support company. David recently advised and defended Martin King, director of the Tech Unicorn “Ve”, in an HMRC prosecution relating to a corporate tax scheme.

David has led on numerous internal investigations for multinational companies, including for:

  • a global manufacturer of medical devices arising out of a sting operation in Malaysia
  • a leading global provider of risk management, insurance brokerage and reinsurance brokerage in respect of allegations of anti-competitive behaviour and bribery, and
  • a global manufacturer of paints, following a whistleblowing report of fraud and bribery.

David was also heavily involved in Barclays’ expansive review of the sale of interest rate hedging products to SMEs.

David has advised a multitude of clients on the commercial and legal impact of international sanctions. Recent work includes advising a shipping management agency in respect of its exposure to charterparties with links to sanctioned jurisdictions and entities, and advising a global bank looking to finance the import of armoured vehicles for humanitarian use in Syria.

David is currently instructed in relation to the SFO’s investigation into an international biodiesel trading company and is also representing an international upstream oil major in relation to potential regulatory exposure to activity in Africa. He is conducting a multijurisdiction fraud investigation for a mobile network operator. Recently David has been instructed by a European electrical component manufacture to conduct an investigation into suspicious payments authorised by an office holder of a UK PLC in respect of the DOJ, SEC and FBI’s enquiry into breaches of US sanctions in relation to Huawei and Iran.

Career

David trained at Reed Smith, qualifying in 2009, before moving to the Financial Crime team at Eversheds Sutherland. In 2017, David moved to Kleinwort Hambros as the Group Senior Sanctions Officer.

Accreditations and memberships

David is a member of the Law Society, the International Compliance Association (the ICA) and the Association of Certified Anti-Money Laundering Specialists (ACAMS), the Fraud Lawyers Association and the International Association of Young Lawyers. He holds an International Diploma in Anti-Money Laundering from the ICA and a Sanctions Specialist Certificate from ACAMS.

Publications

David speaks internationally on various financial crime subjects, including at the Infoline AML, Financial Crime and Sanctions Forum, the BPP Guernsey and Jersey Sanctions Forums and the Finnish Investment Academy.