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Corporate Crime & Compliance UK
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November 21, 2025
Teenagers Deny Carrying Out TfL Cyberattack That Cost £39M
Two teenagers denied on Friday that they carried out a cyberattack on Transport for London that plunged the network into chaos and cost the transportation authority £39 million ($51 million.)
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November 20, 2025
UK Ties Vast Money-Laundering Scheme To Russian Military
Criminals operating in at least two dozen U.K. cities and towns are behind a billion-dollar money-laundering network turning dirty cash into cryptocurrency to fuel Russia's military, evade sanctions and further the global drugs trade, British investigators said Friday.
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November 20, 2025
Alleged Fraudster Wins Bid To Challenge Sweden Extradition
A U.K.-based man charged with fraud in Sweden was given a chance on Thursday to challenge a court order allowing his extradition to Sweden, after he argued that the court did not properly assess the risk of inhumane treatment in Swedish prisons.
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November 20, 2025
Solicitor Lied To Client's Wife About Seized Funds, SRA Says
A criminal defense solicitor lied to an imprisoned client's wife by concealing the fact he was holding on to funds belonging to the client, the Solicitors Regulation Authority told a tribunal Thursday.
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November 20, 2025
StanChart Appeals Disclosure Order In £1.5B Sanctions Case
Standard Chartered on Thursday relaunched a fight to withhold regulatory documents from investors that are suing the bank for £1.5 billion ($2 billion), as they allege that the lender made untrue or misleading statements about its noncompliance with sanctions.
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November 20, 2025
SFO Launches Probe Into $28M 'Crypto Hedge Fund'
The Serious Fraud Office arrested two men and opened a criminal investigation on Thursday into the collapse of a $28 million cryptocurrency scheme over suspected fraud after plans to create a "crypto hedge fund" failed.
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November 19, 2025
Trademark Infringements Dominate £500M UK Counterfeit Haul
Britain's border control agency seized counterfeit goods worth more than £500 million ($654 million) between 2021 and 2023, with trademark infringement continuing as the most common intellectual property violation, a government report has revealed.
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November 19, 2025
FCA Says 3 Arrested In Suspected Fraudulent Debt Probe
The Financial Conduct Authority said Wednesday that three individuals have been arrested as it investigates suspected "unauthorized debt activity" that it believes targeted people facing repossession proceedings.
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November 19, 2025
Russian Tech Co. Hit With Sanctions Over Ransomware Links
The U.S., U.K. and Australia on Wednesday announced coordinated sanctions on Russia-based Media Land LLC and employees of the so-called bulletproof hosting service over allegations that the business has acted as a key enabler for ransomware attacks.
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November 19, 2025
WH Smith CEO Quits Over North America Accounting Error
WH Smith PLC's chief executive stepped down with immediate effect on Wednesday, after an independent review by Deloitte LLP found that the company's North American division made an accounting blunder that overstated profits by as much as £50 million ($65.4 million).
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November 19, 2025
Lloyds Trims Arena TV Liquidators' £1.3B Fraud Case
Lloyds Bank PLC convinced a London court on Wednesday to ax a chunk of the £1.3 billion ($1.7 billion) in claims that accused the lender of failing to spot an alleged fraud by directors at a broadcast equipment company.
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November 18, 2025
Employers Bracing For Impact As EU AI Act Deadline Nears
Less than a fifth of employers feel very prepared to comply with European Union artificial intelligence regulations despite widespread awareness of how upcoming rule changes will affect workers, according to a report published Wednesday.
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November 18, 2025
BHP Dam Case Highlights Legal Risk For UK Businesses
A landmark ruling holding mining giant BHP liable for a catastrophic dam collapse in Brazil signals the English courts' growing readiness to hold U.K.-based multinationals to account for harm overseas.
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November 18, 2025
SFO To Move Headquarters To Canary Wharf In 2026
The U.K.'s white-collar crime agency said on Tuesday that it will move its headquarters to Canary Wharf in 2026 as it stressed that the new location in east London will help it meet the challenges of investigating serious fraud and corruption.
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November 18, 2025
Mike Lynch's Estate Seeks To Challenge HP Fraud Judgment
Mike Lynch's estate asked a London court on Tuesday for permission to appeal against a judgment that found he had defrauded Hewlett Packard Enterprise, attacking a ruling that an entity set up to buy the technology entrepreneur's company was misled.
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November 18, 2025
Ex-Mishcon Client's Contempt Of Court Bid Challenged
A London judge challenged a former client of Mishcon de Reya LLP who alleges that the firm's lawyers gave false statements to court, telling her Tuesday that she has put forward no simple or straightforward charge of contempt of court.
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November 18, 2025
Seismic Tech Co. Güralp Says SFO Missed DPA's Deadline
A seismic technology company urged London judges on Tuesday to rule that it had not breached its corporate bribery settlement agreement with the Serious Fraud Office, arguing that the agency had missed its deadline.
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November 18, 2025
EU Targets Financial Cyber Risks With New IT Provider Rules
The three financial watchdogs of the European Union named on Tuesday the designated third-party providers of critical information and communication technology for finance companies, which it will regulate directly.
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November 18, 2025
Kuwaiti Pension Chief's Heirs Fight To Avoid $1B Fraud Debt
The children of a former Kuwaiti pensions fund director told an appeals court on Tuesday that they should not be held liable for their now-dead father's alleged $1 billion fraud debt, arguing that successors outside the English jurisdiction cannot be forced to pay.
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November 17, 2025
SAP Proposes Fixes Amid EU Antitrust Probe
German software giant SAP has offered a set of commitments to European enforcers who raised concerns over maintenance and support services for the company's business management software.
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November 17, 2025
Solicitor Faces Tribunal Over Allegations Of Misleading Client
A criminal defense solicitor fought allegations in a London disciplinary tribunal Monday that he had instructed a client to falsely deny allegations of corruption and to fabricate a narrative for their high-profile trial.
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November 17, 2025
TotalEnergies, Partners Fined €187M For Fuel Depot Collusion
A French competition regulator revealed Monday that it has imposed fines totaling almost €187.5 million ($217.4 million) against the owners of Corsican oil depots, including fuel giant TotalEnergies, for colluding to reserve the use of the only two fuel stores on the Mediterranean island for themselves.
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November 17, 2025
Trafigura Accuses Gupta Of $600M Sham Nickel Trade At Trial
Trading company Trafigura told the High Court on Monday that Prateek Gupta and his companies defrauded it out of $600 million in a sham nickel trade, opening a long-awaited trial over Trafigura's purchase of purported nickel shipments that turned out to be "worthless."
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November 17, 2025
Fugitive Can't Appeal Extradition For 5-Year Fraud Sentence
A fugitive sentenced to more than five years in prison for fraud can't appeal his extradition to Italy, as a court ruled Monday that the decision correctly weighed up the public interest in him serving time against the difficulties his family would face.
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November 17, 2025
Fraudulent Insurance Claims Continue To Top £1B A Year
Fraudulent claims in the U.K. general insurance sector rose again in 2024, with those linked to motor cover driving much of the increase, the Association of British Insurers warned on Monday.
Expert Analysis
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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.
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How New EU Product Liability Directive Will Affect Tech And AI
While the European Union’s new defective product liability directive, effective from December 2026, primarily provides clarifications rather than significant changes, it reflects the EU's commitment to addressing consumer protection and accountability challenges presented by the digital economy and artificial intelligence, say lawyers at Latham.
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What Latest FCA Portfolio Letter Means For Payments Firms
Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.
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ECB Guide Targets Harmonized Cyber Testing Approach
The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.
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Court Backlog Could Alter Work Safety Enforcement Priorities
While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.
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New CMA Powers Will Change Consumer Protection Regime
The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.
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Opinion
Prospects For New Fraud Prevention Prosecution Look Slim
With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.
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What's Next After FCA Drops Troubled 'Name And Shame' Plan
A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.
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What To Note In EU Tech Transfer Agreements Consultation
Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.
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UK Refusal Of US Extradition Request May Set New Standard
The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.
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Insights On ESMA's Alternative Investment Fund Consultation
Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.
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How UK Supreme Court May Assess Russia Sanctions Cases
In two recent U.K. Supreme Court cases challenging the U.K. Russia sanctions regime, the forthcoming judgments are likely to focus on proportionality and European Convention on Human Rights compatibility, and will undoubtedly influence how future challenges are shaped, says Leigh Crestohl at Zaiwalla.
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Practice Leader Insights
This year, 42 leaders of employment, intellectual property, insurance and transactions practice groups shared thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area.