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Corporate Crime & Compliance UK
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September 22, 2025
Poland Wants Ex-Gov't Official Extradited Over £63M Fraud
A former Polish government official wanted in Warsaw for an alleged £63 million ($85 million) fraud might not receive a fair trial if he is extradited because of a lack of judicial impartiality, a legal expert warned a London judge on Monday.
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September 22, 2025
Man Cleared Of Fraud Conspiracy After Data Breach Fine
A jury in London has found a man not guilty of conspiring to run a £1.5 million ($2 million) fraudulent investment scheme through front companies and false identities, two weeks after he was fined for a data protection breach.
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September 22, 2025
EU Fund Managers Push For Overhaul Of Crypto-Asset Rules
A trade body for European asset managers urged policymakers Monday to reform the crypto-assets regulatory framework to make capital markets more competitive.
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September 19, 2025
EU-US Data Transfer Ruling Delivers Relief But Not Finality
A recent court decision backing a revamped framework for transferring personal data from the European Union to the United States provided companies with some much-needed comfort after nearly a decade of setbacks although that reprieve might be short-lived as opponents eye a broader challenge to the critical arrangement.
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September 19, 2025
Deutsche Bank Vows To Fight Ex-Staff Over Milan Convictions
Deutsche Bank denied on Friday the incoming London claims of five former employees seeking hundreds of millions of pounds in damages over their now-overturned convictions for aiding false accounting and market manipulation.
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September 19, 2025
Midwife Can't Sue Regulator, Barrister Over Sanction
An employment tribunal ruled that it has no jurisdiction to consider a midwife's bias claims against the profession's regulator, as she had a statutory right of appeal under the regulator's own rules to fight a decision that her ability to practice was "impaired."
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September 19, 2025
UK Gov't Borrowing Hits £18B Ahead Of Autumn Budget
U.K. government borrowing reached £18 billion ($24.3 billion) in August, according to official figures published Friday, adding to pressure for the government to hike taxes in its coming budget.
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September 19, 2025
Ex-Havilland CEO Denies Involvement In Qatari Bond Plan
The former chief executive of Banque Havilland's U.K. branch said Friday at a London tribunal that he had not been involved in a plan to de-peg Qatar's currency from the dollar during a trade embargo, saying he had not instructed a junior employee to create a presentation outlining it.
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September 19, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen brokerage firm ADS Securities file a fresh claim against German entrepreneur Lars Windhorst, AmTrust and Endurance Worldwide Insurance tackle an ongoing £50 million ($67 million) dispute over a failed litigation and insurance scheme, and Howard Kennedy LLP sue the son of a diamond tycoon over a £3.1 million legal bill.
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September 19, 2025
Motor Policyholders To Receive £200M After FCA Steps In
More than 270,000 motorists will receive compensation from their insurers, the Financial Conduct Authority said Friday, after the watchdog stepped in over poor claims handling practices by the sector.
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September 19, 2025
SRA Eyes Stricter Rules On Litigation-Funding Practices
The Solicitors Regulation Authority called for responses from the legal profession on Friday to help it understand consumer risks in litigation-funding for high-volume claims, following the collapse of SSB Group in 2024.
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September 18, 2025
HSBC Analyst Launches Libel Case Over Online Posts
An HSBC analyst has accused a company and its director of defaming him by making false allegations that the analyst was a "serial cheater" and liar who had refused to pay £50,000 ($68,000) debts.
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September 18, 2025
Ex-AllSaints Chair Spared Prison For Contempt Of Court
A court in London has handed the former chairman of AllSaints a suspended prison sentence for contempt of court by breaching a court order and claiming an interest in shares in the high street fashion chain after his fraud allegations were rejected.
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September 18, 2025
Former IoD Director General Banned Over COVID Loan Abuse
The former head of one of the U.K.'s leading business groups has been handed an 11-year director ban for failing to repay a £50,000 ($68,000) COVID-19 Bounce Back Loan she wasn't entitled to.
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September 18, 2025
HMRC Names 5 Accountancy Firms With Tax Avoidance Links
HM Revenue & Customs on Thursday revealed five accountancy firms that took fees for connecting their clients to a tax avoidance scheme.
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September 18, 2025
Ex-Havilland CEO To Testify In Qatar Dispute With FCA
Ex-Banque Havilland SA chief executive Edmund Rowland is due to testify in a dispute with the U.K.'s financial regulator over fines imposed for an alleged scheme to de-peg Qatar's currency from the dollar during a trade embargo, a London tribunal heard Thursday.
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September 18, 2025
Three People Arrested On Suspicion Of Spying For Russia
Three people have been arrested on suspicion of spying for Russia, London's Metropolitan Police Service said on Thursday.
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September 18, 2025
Carter-Ruck Hired By CryptoQueen 'In Furtherance Of Fraud'
Fugitive cryptocurrency scammer Ruja Ignatova instructed Carter-Ruck "in furtherance of fraud," and therefore legal filings linked to the prosecution by the Solicitors Regulation Authority of a partner at the law firm must be made public, a tribunal has ruled.
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September 18, 2025
Allied World Denies Liability In £3M 'Ponzi Scheme' Dispute
An insurer has argued that it does not have to indemnify the liquidators of the business behind an investment plan for more than £3 million ($4 million), arguing there is no evidence that the investment was a Ponzi scheme.
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September 18, 2025
FCA Drops Property Group Probe Despite £55M Client Losses
The financial regulator has ended an investigation into property development investments that lost clients about £55 million ($75 million), deciding that the risk of no returns was fairly put to customers.
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September 18, 2025
Former SFO Case Controller Joins Boutique Law As Partner
A former case controller at the Serious Fraud Office has joined criminal and regulatory specialist firm Boutique Law LLP as a partner.
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September 17, 2025
HMRC Tightens Tax Rules For Umbrella Companies
Recruiters and their clients in the U.K. will be jointly liable for tax avoidance by businesses using umbrella companies to pay temporary workers, Britain's tax authority said in guidance issued Wednesday.
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September 17, 2025
Funder Says Businessman Colluded To Overturn Asset Case
A litigation funder told a London court on Wednesday that a businessman should not be allowed to participate in proceedings seeking to enforce an asset recovery judgment, because he allegedly improperly colluded with a convicted fraudster to overturn the outcome of past litigation.
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September 17, 2025
FCA Unveils Tough Proposed Rules For Crypto Firms
The Financial Conduct Authority set out Monday its proposed crypto-assets regulatory regime, with some wider reach than its rules for other sectors like banking or insurance to address technological exposures.
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September 17, 2025
Duty Of Candor Could Be Transformative, But Doubts Remain
The government's bid to enshrine a duty of candor in public office could be transformative in compelling authorities to be more transparent, but legal experts have expressed doubts about how effective enforcement will be.
Expert Analysis
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What 2025 Holds For UK, EU Restructuring And Insolvency
European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.
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What To Know As EU Urges Outbound Investment Reviews
A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.
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Competition Act Brings Important UK Merger Control Changes
Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.
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How GCs Can Protect Cos. From Geopolitical Headwinds
Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.
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What BT Ruling Will Mean For UK Class Actions
The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.
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Navigating PRA's Data Request For Crypto-Asset Exposure
The Prudential Regulation Authority’s recent data request for details on financial institutions' crypto-asset exposures should be used as an opportunity for firms to update their compliance procedures, and consider the future use of crypto-assets and related services, says James Wickes at RPC.
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Key Points From FCA Financial Crime Guide Updates
The Financial Conduct Authority’s recent updates to its financial crime guide reflect the regulator’s learnings on sanctions following Russia's invasion of Ukraine, highlighting and clarifying consumer duty, anti-money laundering and other compliance expectations, say lawyers at Womble Bond.
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Tax Directive Marks Milestone In Harmonizing EU System
The Council of the European Union’s recently adopted tax directive is a significant step toward streamlining and modernizing procedures for member states, and will greatly reduce administrative burden and compliance costs for cross-border investors, says Martin Phelan at Simmons & Simmons.
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Why Nonfinancial Misconduct Should Be On Firms' Radar
Following a recent Financial Conduct Authority survey showing an increase in nonfinancial misconduct, the regulator has made clear that it expects firms to have systems in place to identify and mitigate risks, says Charlotte Pope-Williams at 3 Hare Court.
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What New UK Code Of Conduct Will Mean For Directors
The Institute of Directors’ new voluntary code of conduct is intended to help directors make better decisions and enable U.K. businesses to win back eroded public trust, although, with no formal means of enforcement, its effectiveness could be limited, says Sarah Turner at Eversheds Sutherland.
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Russian Bankruptcy Ruling Shows Importance Of Jurisdiction
The U.K. Supreme Court's recent decision not to assist a Russian receiver in Kireeva v. Bedzhamov will be of particular interest in cross-border insolvency proceedings, where attention must be paid to assets outside the jurisdiction, and to creditors, who must consider carefully where to apply for a bankruptcy order, say lawyers at McDermott.
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Russia Sanctions Spotlight: UK Guides Offer Support To Cos.
The Office of Trade Sanctions Implementation’s recent guidance provides best practice suggestions that can help businesses mitigate the risk of their exports being targeted by Russian circumvention efforts, while noting that there is no one-size-fits-all approach to compliance, says Alexandra Melia at Steptoe.
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How Board Directors Can Adapt To Shifting Governance Tides
With European Union regulatory initiatives trending toward a sharp focus on ESG reporting requirements and ramping up pressure on corporate boards, directors should play a more active part in ensuring business objectives are aligned with regulatory demands, says Kallia Gavela at Alvarez & Marsal.
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How Listing Act Measures Will Modernize EU Capital Markets
The new European Union Listing Act, in line with the capital markets union initiative, aims to simplify market access for small and midsize enterprises, laying a foundation for a more integrated framework and representing a modernization milestone, say lawyers at Cleary.
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Forced Labor Imports Raise Criminal Risks For UK Retailers
Last summer’s London appeals court ruling applying the Proceeds of Crime Act to products made with forced labor, potential legislative reforms and recent BBC allegations about Chinese produce harvested by Uyghur detainees suggest British importers and retailers should increase scrutiny of their supply chains, says Ian Hargreaves at Quillon Law.