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Corporate Crime & Compliance UK
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									October 03, 2025
									UK Litigation Roundup: Here's What You Missed In LondonThis past week in London has seen billionaire Michael Platt sue his former tax lawyer, five former Deutsche Bank staffers file claims against the German bank and an Italian financier issue a commercial fraud claim against the Vatican and UBS. 
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									October 03, 2025
									SFO Investigator Loses Whistleblowing Case Over DisclosureA former Serious Fraud Office senior investigator who claims he lost a job promotion for raising concerns about a disclosure policy lost his case Friday when a tribunal dismissed his whistleblowing claim. 
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									October 03, 2025
									Denmark's £1.4B Cum-Ex Loss Raises Legal Strategy DoubtsDenmark's "bruising" defeat in its £1.4 billion ($1.9 billion) cum-ex fraud case against trader Sanjay Shah and others calls into question its legal strategy and the scope of its claim, lawyers have said, although they believe an appeal appears inevitable. 
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									October 03, 2025
									EU Markets Watchdog Widens Supervisory Reach For 2026The European Union's financial markets regulator said Friday it will expand its supervisory responsibilities into a raft of new areas in 2026, including sustainability ratings, green bond issuance and the giant information technology service providers. 
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									October 03, 2025
									Denmark Denied Permission To Appeal £1.4B Cum-Ex DefeatDenmark cannot revive its £1.4 billion ($1.9 billion) against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah. 
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									October 02, 2025
									UK Crypto Seizure Tees Up £5.5B Legal Battle With ChinaThe record capture by British police of £5.5 billion ($7.4 billion) in cryptocurrency from a convicted money launderer has set up a mammoth legal showdown between the U.K. and defrauded investors, who say the money should be returned to victims in China. 
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									October 02, 2025
									Russia Claims Fraud Tainted $63B Yukos Arbitration AwardsRussia has told a London court that a $63 billion arbitration award to investors in Yukos Oil is unenforceable because the investors obtained it by concealing documents and bribing a witness. 
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									October 02, 2025
									BA Rejects Passengers' Data-Breach Claims As 'Unarguable'British Airways has hit back at claims from thousands of customers who allege that the airline failed to protect their personal data from a cyberattack, arguing that the claims are time-barred and not well founded. 
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									October 02, 2025
									Groups Want Treasury Flexibility On Overseas EquivalenceU.K. and European financial services trade bodies have asked HM Treasury to take a flexible approach in recognizing overseas regimes as effectively "equivalent" to allow overseas firms access to U.K. customers, with a year's notice of withdrawal. 
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									October 02, 2025
									Commerzbank Says Analyst Made Bogus Harassment ClaimsCommerzbank urged a London judge on Thursday to find a former analyst was in contempt for making "wholly bogus" allegations of sexual harassment in an employment tribunal against his former colleagues. 
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									October 02, 2025
									Deutsche Sued By Bankers Tied To Monte Dei Paschi CaseDeutsche Bank has been hit with legal claims in London by five former employees who were convicted and subsequently acquitted for aiding false accounting and market manipulation in one of Italy's biggest financial sandals, according to High Court filings published Tuesday. 
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									October 02, 2025
									Denmark Loses £1.4B Cum-Ex Fraud Case Against UK TraderDenmark lost on Thursday its £1.4 billion ($1.9 billion) legal claim against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah. 
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									October 02, 2025
									FCA's Crypto Rules Risk Abuse Without Tailored SafeguardsThe proposed U.K. crypto-asset regime risks abuse because it tries to clamp traditional finance rules on to a digital asset class, leaving gaps which expose unwary investors to criminals unless new safeguards are added, legal experts have warned. 
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									October 01, 2025
									Daily Mail Publisher Seeks To Contain Celebs' Privacy ClaimsThe publisher of U.K. tabloid The Daily Mail sought to prune claims brought by public figures including Prince Harry over alleged unlawful information-gathering techniques, arguing Wednesday that they should be restricted to specific allegations of wrongdoing. 
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									October 01, 2025
									Law Firm Denies Liability Over Fraudulent Property DealA regional law firm said it should not be liable to pay nearly £1 million ($1.35 million) to a property developer for representing a fraudster posing as the owner of a London property, saying it believed the sale was a genuine transaction. 
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									October 01, 2025
									FCA Gives Chancellor 4-Point Plan For Consumer DutyThe Financial Conduct Authority has given the chancellor of the exchequer a four-part plan to change the Consumer Duty, with additional legislative steps for the Treasury to take, setting out its proposals in a letter published Wednesday. 
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									October 01, 2025
									FRC Eyes Public, Accelerated Action For Audit BreachesThe accounting watchdog set out proposals on Wednesday to enhance its enforcement approach, introducing new options for more targeted and faster action against auditors that break the rules, including publication of cases it has pursued. 
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									October 01, 2025
									Bank CEO Cleared Of Dishonestly Assisting £415M Tax FraudA Caribbean bank and its former chief executive have been cleared of dishonestly assisting a £415 million ($558 million) value-added tax fraud as a London court ruled that he did not know about the scheme to defraud tax authorities. 
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									October 01, 2025
									Betfred Operator Hit With Fine For Misleading Slot PracticesThe gambling watchdog revealed Wednesday that it has hit the online gambling company which runs Betfred with a £240,000 ($324,000) fine for operating slot games that celebrated losses as wins and failed to show customers their total winnings versus losses. 
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									September 30, 2025
									Credit Suisse Aided Looting Of Tech Exec's Stock, Suit SaysThe co-founder of sensing-tech company Aeva Technologies says Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars in Aeva shares from him in what he described as a "calculated, multi-year orchestrated racketeering scheme," according to a suit filed Tuesday in New York federal court. 
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									September 30, 2025
									Data Biz Exec Denies Helping To Hide Property Mogul AssetsA data center executive has denied conspiring to hide assets belonging to property mogul Andrew Ruhan from the liquidators of a hotel company, telling a London court that Ruhan's employment at his company was not a sham. 
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									September 30, 2025
									Pharma Supplier Hit With Fine For Russian Sanctions BreachBritain's sanctions watchdog revealed on Tuesday that it has fined a subsidiary of global pharmaceutical supplier Colorcon Inc. £152,750 ($206,000) for breaching sanctions against Russia by paying thousands of pounds to employees in Moscow. 
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									September 30, 2025
									Briton Who Beat Extradition To Be Sentenced For Crypto-TheftA London criminal court told a British man Tuesday that he will be sentenced in December for stealing millions of pounds worth of cryptocurrency, more than two years after he avoided extradition to the U.S. 
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									September 30, 2025
									FCA Staffer Axed For Harassment Loses Fair Trial AppealA London appeals judge rejected an argument on Tuesday from a former employee of the Financial Conduct Authority that an earlier tribunal had denied him a fair trial in his unfair dismissal claim against the watchdog. 
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									September 30, 2025
									Ex-Havilland CEO Knew Of Qatar Currency Plot, FCA SaysThe former chief executive of Banque Havilland's U.K. branch must have known about the content of a presentation outlining a plan to devalue Qatar's currency, the Financial Conduct Authority told the closing stages of an appeal hearing at a tribunal Tuesday. 
Expert Analysis
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								New Anti-Corruption Task Force Bolsters Int'l Collaboration  The recent creation of an anti-corruption task force by the U.K., France and Switzerland demonstrates a commitment to tackling bribery within national and international frameworks, and organizations within these jurisdictions’ remit, including U.S. companies operating in Europe, should review their compliance practices to ensure they address diverging requirements, say lawyers at Skadden. 
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								FCA's Regulatory Plans Signal Cause For Cautious Optimism  The Financial Conduct Authority’s latest strategy document plans for less intrusive supervision, a more open and collaborative approach, and a focus on assertive action where needed, outlining a vision of deepened trust and rebalanced risk that will be welcomed by all those it regulates, says Imogen Makin at WilmerHale. 
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								How CMA Is Responding To UK Gov't Pro-Growth Agenda  With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes. 
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								US Diversity Policies Present Challenges To UK And EU Cos.  Following President Donald Trump’s recent executive orders calling for increased scrutiny of diversity, equity and inclusion initiatives, it is clear that global businesses operating in the U.K. and European Union will need to understand regional nuances to successfully navigate differing agendas on either side of the Atlantic, say lawyers at Jenner & Block. 
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								Updated EU Procedure Streamlines Data Transfer Approval  The European Data Protection Board’s updated approval procedure for binding corporate rules for transfers of personal data to non-European Union countries promotes consistency for regulator communications during the application process, and sets expectations for processing timelines, say lawyers at Hogan Lovells. 
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								What Cos. Must Note From FCA Bulletin On Leaking M&A Info  The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith. 
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								FCA's Odey Decision Is Wake-Up Call For Financial Firms  The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners. 
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								How Ransomware Payment Reforms Could Affect UK Cos.  The Home Office’s recent proposals to ban ransomware payments by publicly owned bodies is a welcome first step in its aims to tackle the cybercrime industry, but the risk remains that hackers will now focus on private companies that are still permitted to pay a ransom, says Dominic Holden at Lawrence Stephens. 
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								Key Takeaways From The 2025 Spring Antitrust Meeting  Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields. 
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								Rising To The Task Of Online Safety Act Compliance  The arrival of the Online Safety Act’s deadlines for all in-scope services and children’s access in March and April, enabling the Office of Communications to begin enforcing safety duties regarding illegal content, presents formidable compliance challenges for affected businesses, says Louisa Chambers at Travers Smith. 
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								Google Win Illustrates Hurdles To Mass Data Privacy Claims  The Court of Appeal's December decision in Prismall v. Google, holding each claimant in a mass data privacy suit must demonstrate an individualized and sufficiently serious injury, demonstrates the difficulty of using representative action to collect damages for misused private information, say lawyers at Seladore Legal. 
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								What To Know About FCA's UK Listing Rules Proposal  A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise. 
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								Opinion UK Gov't Needs To Take Action To Support Whistleblowing Bill  With a proposed Office of the Whistleblower Bill making its way through the U.K. Parliament, whistleblowing is starting to receive the attention it deserves, but the key to unlocking real change is for the government to take ownership of reform proposals and appoint an overarching whistleblowing champion, says Baroness Susan Kramer at the House of Lords. 
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								Issues To Watch At ABA's Antitrust Spring Meeting  Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week. 
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								New UK Short Selling Rules Diverge From EU Regs  Although forthcoming changes to the U.K.’s short selling regulatory regime represent a welcome relaxation of restrictions and simplification of reporting processes, participants active in both the U.K. and EU markets will need to ensure compliance with two quite different sets of rules, says Ezra Zahabi at Akin.