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OFSI Overhauls Its Powers, But Lawyers Doubt Impact

By Christopher Crosby

Moves to double the fining powers of Britain's sanctions watchdog would have little impact on enforcement, lawyers fear, although they say that a proposed program for agreeing settlements with companies could be just enough to speed up the regulator's cases.


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Top Stories
  • Logo and lettering of a global online mail order company on the façade of its Germany headquarters in Munich.
    Amazon Attacks £4B Class Actions Over 'Outrageous' Funding

    By Sophia Dourou

    Amazon sought permission on Thursday to challenge two class actions totaling more than £4 billion ($5.4 billion)...(read more)

  • Elton John performing on stage during his Farewell Yellow Brick Road tour
    Film Co. Denies Liability For Elton John's Use Of 'Kingsman'

    By Eddie Beaver

    A film production company has denied responsibility for a clip from a British spy movie featuring two stunt perf...(read more)

  • UK TM Rights Don't Apply To Pre-Brexit EU Disputes

    By Hanna Vioque

    Europe's top court ruled Thursday that intellectual property owners cannot rely on earlier U.K. trademarks in European opposition proceedings that began before Brexit, unless they can show those rights continued in other member states after the U.K.'s withdrawal from the European Union. 

  • Clyde & Co.'s Hamburg Team To Leave To Launch New Firm

    By Ashish Sareen

    Clyde & Co. LLP is set to lose its team in Hamburg, with almost all of its members leaving to form a new boutique law firm.

  • UK Moots Further Exceptions To Delayed Fire And Rehire Law

    By Adele Redmond

    Employers would be able to fire and rehire staff who reject changes to shifts and cuts to housing, share schemes and compensation for expenses under proposals by the government on Wednesday to further dilute its crackdown on the cost-cutting tactic.

  • Quinn Emanuel Client Appeals To Block Ex-Staffer's Abuse

    By Eddie Beaver

    A client of Quinn Emanuel argued at a London appeals court on Wednesday that judges can restrain a former employee from sending abusive messages to the firm's lawyers if the conduct interferes with the court's processes.

  • Financier Settles Libel Case Over €454M Vatican Fraud Claims

    By William Janes

    An Anglo-Italian financier has settled his libel action against a newspaper publisher in which he alleged that the paper wrongly accused him of orchestrating a €454 million ($536 million) property fraud against the Vatican.

  • Law Firms, Claims Managers Warned On Motor Finance Cases

    By Alex Davidson

    Financial and legal regulators warned claims management companies and law firms handling claims for motor finance compensation on Wednesday to avoid multiple representation of consumers and ensure that any fees they charge are fair.

  • Slaughter And May-Led Zurich Gets Beazley Nod On £8B Offer

    By Najiyya Budaly

    Beazley has backed a sweetened £8 billion ($11 billion) takeover approach from Swiss insurance heavyweight Zurich Insurance Group Ltd., the companies said Wednesday, after the London-listed company rejected two lower bids in January.

  • Disclosure Overhaul And AI Reform To Tackle Courts Crisis

    By Christopher Crosby

    A landmark review of the U.K.'s ailing criminal court system called for an overhaul of disclosure rules on Wednesday, recommending prosecutors stop automatically disclosing certain types of evidence and start leaning heavily on artificial intelligence.

  • Banque Havilland Gets Fine Over Qatar Currency Cut To £4M

    By Alex Davidson

    A tribunal upheld on Tuesday the Financial Conduct Authority's finding that Banque Havilland, now Rangecourt SA, acted without integrity to harm Qatar's currency, but trimmed the regulator's fine of the bank from £10 million ($13.7 million) to £4 million.

  • Data Regulator Probes X's Grok Over Sexualized 'Deepfakes'

    By Eddie Beaver

    The U.K.'s data watchdog revealed Tuesday that it has launched formal investigations into personal data processing within X's Grok generative artificial intelligence chatbot and its potential to produce harmful sexualized "deepfake" images and videos.

  • Exec Fights To Keep Name Out Of SFO Bribery Settlement

    By Christopher Crosby

    An executive cleared of bribery urged a London court on Tuesday to overturn findings that he could be named in a corporate settlement with the Serious Fraud Office, arguing that maintaining his privacy would not breach the principle of open justice.

  • Met Confirms Probe Into Mandelson's Alleged Epstein Leaks

    By Lucia Osborne-Crowley

    The Metropolitan Police confirmed on Tuesday that it will launch an official investigation into allegations that Peter Mandelson leaked government information to sex offender Jeffrey Epstein.

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Trending on Law360 UK

  • One Essex Court Barrister Sued For Negligence In £32M Case
  • Solicitor Accused Of Stalking Says Blogger Harassed Him
  • Tesco Argues Judge Wrong To Park Equal Pay Job Analysis
  • Ex-Staffer Sues Insurance Co. For Unpaid Salary After Firing
  • HSBC Claims Barclay Bros Stalling Petition Over £140M Debt
  • Quinn Emanuel Client Appeals To Block Ex-Staffer's Abuse
  • Disclosure Overhaul And AI Reform To Tackle Courts Crisis
  • Financier Settles Libel Case Over €454M Vatican Fraud Claims
  • Banque Havilland Gets Fine Over Qatar Currency Cut To £4M
 
 
 

From The Courtroom

  • Plane Part Lessor Bids To Revive Breach Claim Over Fraud
  • Lloyd's Reinsurer Loses Fire Payout Jurisdiction Dispute
  • InterDigital Says UPC Order Does Not Bar Amazon Patent Spat
  • Reform UK Says Data Protection Claim Is 'Political Crusade'
  • Dairy Co. Presses UK Court To Revive Tax Deductions On IP
  • Solicitor Accused Of Stalking Says Blogger Harassed Him
  • HMRC Disputes Danish Wind Farm's Tax Relief At Top Court
  • Hoka Sneaker Maker Fights To Quash Price Fixing Ruling
  • Visa Accuses Eyeware Biz Of Breaching Swipe Fee Settlement
  • Tesco Argues Judge Wrong To Park Equal Pay Job Analysis
 
 
 

Expert Analysis

  • Daniel Natoff
    Digital Assets Act Allows Courts To Cater For New Tech
    The recently enforced Property (Digital Assets etc) Act confirms in law that digital assets can be recognized as personal property, ... (read more)
  • Harriet Holmes
    How Gov't AML Supervision Reform Will Affect Law Firms
    In confirming that the Financial Conduct Authority will become the single supervisor for professional services, HM Treasury’s planne... (read more)
  • Imogen Makin
    FCA Enforcement Trends In 2025 And Expectations For 2026
    The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is like... (read more)
  • Maria Cronin
    EU Businesses Face Uncertainty Amid Sustainability Reforms
    The European Commission’s sustainability omnibus, due to be approved this month, has brought a year of regulatory upheaval for Europ... (read more)
  • Patrick Van Eecke
    EU's AI Omnibus Proposal Offers 10 Key Changes For Cos.
    The European Commission’s recent proposal for an artificial intelligence digital omnibus aims to ease compliance burdens by extendin... (read more)
  • Read More Expert Analysis

 
 
 

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