Liam Hennessy specialises in compliance & risk matters, regulatory investigations and complex disputes.
He advises a range of clients, mainly financial services firms, across multiple international jurisdictions and has represented clients in contentious regulatory investigations and court disputes. Liam’s experience spans periods working in London, Brisbane, Sydney and Melbourne and he is a committed thought leader, including in his capacity as a course lecturer for a financial services regulation course at a Brisbane-based university.
Liam has considerable experience with the Australian Banking Executive Accountability Regime (and its UK equivalent, the Senior Managers & Certification Regime), financial services and credit licensing obligations, AML / CTF frameworks, whistle-blowing frameworks and white-collar crime prevention. More generally, he advises clients in relation to risk, governance and compliance issues. Liam has structured and undertaken a wide range of internal investigations and risk reviews for clients across multiple international jurisdictions.
Recent contentious matters include acting in several confidential ASIC investigations for financial services entities; representation of clients called before the Hayne Royal Commission; advising a global bank concerning multiple global regulatory agencies’ investigations into allegations of manipulation of financial benchmarks and related conduct; advising a large mutual bank in relation to multiple UK regulators’ investigations concerning allegations of systemic mismanagement; acting for a leading advisory firm in a class action relating to a large capital raising for a failed construction conglomerate.