De Quincey Bailey

Money Laundering SME HMRC

De Quincey Bailey is a senior investigation officer in His Majesty’s Revenue and Customs(HMRC) Fraud Investigation Service (FIS). He was appointed an Illicit Finance lead in FIS Organised Crime Operations on 1 November 2021.Our role in FIS is to protect funding for UK public services, by investigating the most harmful tax frauds carried out by serious and organised crime attacking HMRC regimes. HMRC are also one of three statutory anti-money laundering and counter-financing of terrorism(AML/CFT) supervisors appointed by HM Treasury under the Money Laundering Regulations 2017 (MLRs)which is also part of FIS. De Quincey is a forensic subject matter expert in national and international money laundering systems, with expertise in the criminal exploitation of informal value transfer systems (IVTS). He has been a member of the Proceeds of Crime Lawyers Association and an accredited member of the National Crime Agency (NCA) Expert Laundering Evidence Cadre since 2016.In December 2020, he was commended by the Director National Economic Crime Centre of the NCA for his outstanding contribution in providing expert evidence in support of complex economic crime prosecutions and investigations. He has spent more than ten years investigating and prosecuting professional Money laundering networks exploiting the financial sector internationally, giving him continued exposure to a wide range of criminality, and the techniques used by those involved in serious and organised crime to acquire, move and dispose of criminal proceeds. He provides expert level technical support concerning Money laundering, Terrorist Financing or the application of the Money Laundering Regulations (MLRs) to HMRC’s senior leadership team who are responsible for delivering HMRC’s response to the most serious attacks on HMRC core functions. He regularly gives presentations to domestic and overseas government officials, lawyers and private sector on ML risk, the application of the MLRs and SOC exploitation of the global financial system.