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Corporate Crime & Compliance UK
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December 02, 2025
Watchdog Says It Warned UK Treasury Of Budget Leak Risks
The U.K. Office for Budget Responsibility warned senior HM Treasury officials about the risks of leaks of the autumn budget before the document was accidentally revealed early, the watchdog's officials told a parliamentary committee Tuesday.
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December 02, 2025
Ex-CBA Head Sidhu Fights Disbarment For Sexual Misconduct
The former head of the Criminal Bar Association asked a court on Tuesday to overturn his disbarment for sexual misconduct toward a young aspiring lawyer, arguing that a long suspension would be a more appropriate sanction.
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December 02, 2025
5 Questions For RPC Partner Dan Wyatt
The Financial Conduct Authority has recently warned that banks must do more to stop romance scams in which victims send money to fraudsters who have created false relationships with them — but it's easier said than done.
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December 02, 2025
Gov't Will End Jury Trials For Complex Financial Crime Cases
The government confirmed on Tuesday that it plans to get rid of jury trials for the most complex fraud and financial crimes, part of a battery of changes designed to cut soaring court backlogs.
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December 02, 2025
FCA Censures Bookkeepers' Body For AML Oversight Failings
The Financial Conduct Authority said Tuesday it has censured the Institute of Certified Bookkeepers for serious deficiencies in its anti-money-laundering supervision, its first enforcement action against a professional body supervisor.
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December 02, 2025
EU Seizes €25M Laundered Through Crypto-Mixing Service
Authorities have seized more than €25 million ($28 million) in cryptocurrency after dismantling a crypto-mixing service suspected of being used to help criminals launder stolen money, the European Union's law enforcement agency has said.
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December 01, 2025
Capita Faces Legal Action Over 2023 Data Breach Failures
Capita faces a London claim on behalf of as many as 6.6 million people over the distress and financial loss caused by a 2023 cyberattack on the outsourcing giant that exposed their personal data.
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December 01, 2025
Brett Wilson Denies Mishandling Ex-IT Exec's Defense
Brett Wilson has rejected claims that it provided negligent advice and failed to properly defend a former chief technology officer in criminal and civil proceedings over a cyberattack at his employer.
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December 01, 2025
Judicial Proceedings Immunity Can't Stop Whistleblower Claim
A London appeals court revived on Monday a former charity worker's claim that his employer launched arbitration proceedings against him in retaliation for blowing the whistle on alleged verbal and physical abuse of staff.
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December 01, 2025
Credit Suisse Charged With Laundering Over Tuna Bond Case
Swiss prosecutors have charged UBS and Credit Suisse over alleged money laundering failures linked to the transfer of almost $7.9 million as part of a corrupt $2 billion scheme to tie Mozambique into loans to finance a tuna fishing fleet.
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December 01, 2025
FCA Proposes ESG Ratings Regime To Boost Transparency
The Financial Conduct Authority proposed a regulatory regime for ESG ratings on Monday, a move to improve transparency and handling of conflicts of interest, which would support government ambitions for the U.K. to become a sustainable finance global hub.
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December 01, 2025
Director Pleads Guilty To International Aircraft Parts Fraud
A director of an aircraft parts supply company pled guilty at a London criminal court on Monday to charges of falsifying equipment certification documents in a scare that caused airlines to ground planes around the world over safety fears.
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November 28, 2025
LetterOne Denied Compensation Over Forced Broadband Sale
An investment group backed by Russian oligarchs failed on Friday to secure the "fair market value" for its shares in a regional broadband provider that the U.K. government forced it to sell over national security concerns.
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November 28, 2025
Private Prosecutors Eye Victims' Assets Amid SFO Probe
Lawyers and a fintech claims manager said Friday that they have begun efforts to help victims of an alleged $28 million fraud recover their money after a fraud-enforcement agency opened a criminal investigation into the "crypto hedge fund" scheme.
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November 28, 2025
Odey Libel, Sex Assault Claims To Reach Trial In June
Former hedge fund manager Crispin Odey's £79 million ($104 million) libel claim against the Financial Times, alongside claims from five women accusing him of sexual abuse, will reach trial in 2026, a judge said at a London court on Friday.
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November 28, 2025
PrivatBank Pursues $3B Fraud Judgment Against Ex-Owners
PrivatBank has said that its former owners have failed to pay more than $3 billion ordered by a London court after it found that they had orchestrated an elaborate money-siphoning scheme of sham loans tied to fictitious commodity trades.
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November 28, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the National Crime Agency target an Azerbaijan politician and a subsidiary of Withers over a disputed £50 million ($66 million) property portfolio, the eldest son of a British aristocratic family challenge the trustees of their multimillion-pound estate, and a sports lawyer suspected of dishonesty face action by the Solicitors Regulation Authority following his firm's closure.
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November 28, 2025
Gupta Denies Hiding $600M Nickel Fraud From Trafigura
A businessman told the High Court on Friday that he did not attempt to hide the true contents of metal sold to Trafigura in an alleged $600 million nickel fraud, arguing that the trading firm could have inspected the shipments at any time without his involvement.
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November 27, 2025
Former Top Prosecutors Back Judge-Only Fraud Trials
Radical reforms dispensing with jury trials for complex fraud and many other criminal cases may be the only way to stop the justice system from collapsing under its own weight, former chief prosecutors have told Law360.
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November 27, 2025
Osborne Pro Fights To Reverse SDT's Zahawi SLAPPs Ruling
An Osborne Clarke partner urged a court on Thursday to overturn a ruling by a disciplinary tribunal that he had wrongly attempted to prevent a tax policy journalist from disclosing that he was being threatened with a defamation claim by former chancellor Nadhim Zahawi.
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November 27, 2025
Barrister Says Hacker's Negligence Claims Are Baseless
A barrister has denied claims that he negligently gave advice to a former chief technology officer who was found guilty of hacking a previous employer, arguing that the cyberattacker's arguments were simply bad law and weren't going to succeed.
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November 27, 2025
Payment Providers Face Liability Under New EU Fraud Rules
The council and parliament of the European Union agreed on Thursday that payment service providers will be held liable if they do not use modern and improved methods for preventing the sector from facilitating fraud.
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November 27, 2025
Trader Hid Fraud As Nickel Prices Soared, Trafigura Says
A metals trader denied allegations on Thursday that he tried to cover up his alleged nickel fraud against Trafigura when prices shot up in 2022, repeating his accusation that the commodities supplier knew it was trading in sham metal and was in on the scheme.
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November 27, 2025
SRA Issues Scams Alert As Solicitors' Firm Hit By Fraud
The Solicitors Regulation Authority has issued a warning after scammers used a law firm's name and credentials to set up a fraudulent website offering help with bringing claims over housing disrepair.
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November 27, 2025
Insolvency Service Gets Extra £25M To Tackle Rogue Directors
The Insolvency Service has described its additional £25 million ($33 million) in government funding over the next five years as a welcome boost to its bid to weed out rogue directors in Britain.
Expert Analysis
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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.
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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.