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Ian Ryan

Ian Ryan:

Partner: Head of Business Crime and Regulatory

Ian Ryan is an investigations and trial lawyer with over 20 years’ experience of serious financial crime and regulatory work. He has been involved in high profile cases throughout his career, having represented Colin Stagg in 1994 in the Rachel Nickell case; advised Vincent Tchenguiz in respect of his arrest, interview under caution and the search of his business premises in March 2011; and Mark Hanna in the Rebecca Brooks “trial of the century” in 2014 (see below). He was also the solicitor in the guideline Court of Appeal case re B in 2008 that set the test for dissipation for pre-trial Restraint Orders.

He has represented corporate and individual clients in investigations by the SFO, the FCA, the OFT (now CMA), HMRC, the CPS and the National Crime Agency (NCA), dealing with allegations of bribery and corruption, money laundering, serious fraud, criminal cartel activity and market abuse/insider trading. He has also conducted internal investigations for corporate clients and represented individual clients in internal investigations conducted by external teams of lawyers.

Ian assists clients with search warrants, dawn raids, production orders, issues of legal professional privilege, and advises solicitors’ firms and individual solicitors in criminal and SRA investigations.

Ian continues to represent clients in interviews under caution at the police station and has extensive experience of the use of compulsory interviews by the various regulatory agencies. He is an experienced Higher Court Advocate and regularly appears for solicitors at the SDT in contested hearings.

Ian has a particular interest in money laundering. He is one of a small number of solicitors on the Law Societies’ AML directory providing money laundering advice to members of the solicitors’ profession. He has also recently revised the money laundering chapter for the Solicitors Handbook 2015 (Hopper and Treverton-Jones) and is the contributing editor of the money laundering chapter in Cordery on Legal Services. He also regularly advises solicitors and other professionals with regard to suspicious activity reports to the NCA and has recently launched a money laundering blog (www.antimoneylaundering.lawyer) with leading regulatory barrister, Tim Kendall.

Ian successfully represented News International’s Head of Security, Mark Hanna, who was unanimously acquitted of the charge against him in the phone hacking trial after a hearing at the Old Bailey which lasted 138 days. He is presently representing two senior Tesco directors in the SFO investigation arising from the company’s profit warning; a prominent businessman under investigation by the SFO for corruption and investor fraud; and a defendant in the SFO Euribor prosecution, together with a number of other prominent individuals.

Emergency No. T: +44 (0)7802 613477

Ian Ryan: Chambers and partners top rank

Recent work

Bribery and Corruption

  • representing an individual in the SFO Rolls-Royce investigation
  • a prominent businessman under investigation by the SFO for corruption and investor fraud
  • represented the director of an oil service company in corruption allegations involving one of the world's major oil companies
  • advised the head of the Latin American arm of a major British company in an SFO Bribery investigation
  • advised a Medical Reports Agency in respect of its potential criminal liability under the Bribery Act arising from the payment to it of commissions
  • represented a Deputy Chief Constable following his arrest on corruption allegations, and no criminal charges were brought after representations.

FCA

  • represented a significant individual in the joint FCA/DOJ/CFTC investigation into the alleged manipulation of LIBOR
  • represented Alexis Stenfors in an investigation by the FSA into the alleged mis-marking of his book; ultimately, a 5 year Prohibition Order was negotiated FSA which crucially did not conclude that Mr Stenfors had acted dishonestly
  • represented a number of individuals in FCA criminal investigations
  • representing and advising a number of individuals on FCA related issues including self-reporting; applications for approval following criminal convictions and representations to the FCA on fitness and propriety following significant events

CMA

  • lead partner in an internal investigation conducted on behalf of a major multi-national company resulting in a self-report to the OFT and subsequent successful application for immunity on behalf of the corporate and all former employees
  • advised the CEO of a major multi-national company in an OFT investigation into alleged cartel activity. No charges were brought following interview
  • represented a retired commercial director of a metalabrasives company in an OFT investigation into alleged cartel activity; following a number of interviews the individual was eventually treated as a witness
  • Internal Investigations
  • lead partner in an internal investigation into the alleged fraudulent obtaining of an EU grant of €3m by a research company
  • one of a team of three partners dealing with an internal investigation into a hedge fund following allegations of mismanagement of client funds
  • represented a number of individuals interviewed by external and in-house Counsel during internal investigations.

Fraud and Money Laundering

  • two senior Tesco directors in the SFO investigation
  • a defendant in the SFO Euribor prosecution
  • successfully represented the Managing Director of a Medical Reports Agency in an investigation into fraud in the insurance industry which resulted in the prosecution offering no evidence at the Crown Court
  • represented clients in the SFO investigations into BAE; Torex; the "generic drugs" investigation; Sweet & Maxwell; and the investigation into the stockbrokers Wills & Co
  • represented the Managing Director of an airport parts company on several money laundering charges arising from the sale of three aircraft to the front man for a Columbian drugs cartel. He was acquitted and awarded a proportion of his costs from Central Funds
  • acted in Re:B [2008] EWCA 1374, the first successful appeal to the Court of Appeal against a pre-charge restraint order, and referred to on the CPS website as the guideline case setting out the test for the risk of dissipation of assets.

General

  • advised and represented a prominent individual in relation to the Equatorial Guinea Coup
  • advised and represented former Assistant Commissioner John Yates in respect of his evidence to the Leveson Enquiry
  • represented a company director on charges of breach of UN sanctions involving the former Yugoslavia
  • represented two senior members of the Labour Party in the cash for honours enquiry and related Abrahams investigation.