Stan Reiz, KC
Stan Reiz KC specialises in all aspects of financial crime litigation. He recently represented a defendant in a complex international money laundering prosecution relating to what was alleged to have been US$170m traded in cryptocurrency between countries including the UK, Ukraine, Iran and the UAE. He also represented a company director accused of complicity in a £93m fraud on Royal Mail committed over a nine-year period using a network of companies offering postal services.
Mr Reiz successfully represented a HNW property developer charged with Cheating the Public Revenue out of millions of pounds in tax; achieved the discharge of an account freezing order for another HNW director of property development companies; defended a practising doctor prosecuted by the FCA for Financial Services Act offences arising from the selling of shares and secured a suspended sentence for a money transmitter who breached the Money Laundering Regulations by transferring in excess of £10m obtained from fraud out of the jurisdiction.
Mr Reiz has appeared for the appellant in the reported case of R v Haque (Mohammed) [2020] 1 Cr App R 12; [2020] WLR (D) 49 in which the Court of Appeal quashed a conviction for money laundering on technical grounds as the prosecution had wrongly charged the appellant with an offence under section 329 of the Proceeds of Crime Act 2002.
He has also defended a de facto trustee of numerous charities accused of facilitating a multi-million pound international money laundering arrangement using the charities as front to conceal international currency trades.
Mr Reiz KC appeared in complex confiscation proceedings for an individual who had been convicted of insider trading offences; an interested party in proceedings concerning an alleged benefit of £70m with £20m held in cryptocurrency transferring into a ‘hard wallet’ and also advised a client being investigated by the DBIS for breaching the Export Control Order 2008, which regulates the international trade of arms and ammunition.
In 2024, Mr Reiz KC co-authored an article for the Compliance, Ethics and Sustainability Journal entitled 'EU v UK: AML and CTF evolutionary changes under scrutiny. Who will come out on top?' which examined changes made to corporate fraud prevention by the Economic Crime and Corporate Transparency Act 2023.