Corporate Crime & Compliance UK

  • June 03, 2025

    Lawyer Given Suspended Sentence In Germany Over Cum-Ex

    A business lawyer who was partly responsible for running a €428 million ($488 million) tax fraud scheme was issued a suspended sentence of almost two years, according to a verdict Tuesday in a Bonn court.

  • June 03, 2025

    HS2 To Pay £319K Over Whistleblower's Exclusion

    The company behind high-speed rail project HS2 has agreed to pay a former analyst more than £319,000 ($431,500) after he accused the company of excluding him from two roles following his warning that cost forecasts were being manipulated to secure funding.

  • June 03, 2025

    New FCA Enforcement Guide Revises Rules On Case Publicity

    The Financial Conduct Authority on Tuesday released its revised enforcement guide, setting out additional circumstances when it may publicize investigations.

  • June 03, 2025

    Vera Baird KC To Lead CCRC Amid Calls For Reform

    Vera Baird KC will take over as the interim head of the troubled government body responsible for investigating miscarriages of justice, filling a role that has been vacant since January, the Ministry of Justice revealed Tuesday.

  • June 03, 2025

    NMC Health Fraud Was 'Systematic,' Administrator Testifies

    An NMC Health administrator on Tuesday said that the healthcare group's financial statements were "structured to conceal" the group's real financial position including $3.8 billion of unreported debt, as he testified during the London trial against the group's auditors, EY.

  • June 03, 2025

    Ex-Hedge Fund Analyst Driven By Greed, FCA Tells Jurors

    A former hedge fund analyst roped his sister, his best friend and the best friend's girlfriend into a "rigged" insider trading scheme from their small flats during the COVID-19 pandemic for a "very old" yet "very simple" reason, prosecutors told jurors in London on Tuesday — "greed."

  • June 03, 2025

    SFO Launches Probe Into Local Council Solar Bond Fraud

    The Serious Fraud Office announced on Tuesday that it has launched an investigation into an alleged solar farm bond fraud after failed investments forced an English council into bankruptcy.

  • June 03, 2025

    UK Threatens To Sue Abramovich Over Chelsea FC Sale

    The government has threatened to sue Roman Abramovich to make sure that £2.5 billion ($3.4 billion) made from the sale of Chelsea Football Club is used to support humanitarian aid in Ukraine.

  • June 02, 2025

    Ex-Law Firm Boss Loses 2nd Bid For Solicitor Reinstatement

    A former law firm owner and equity partner has lost a second attempt to regain authorization to work as a solicitor after he was struck off for being dishonest and failing to spot fraud, with a tribunal ruling on Monday that his latest bid was "premature."

  • June 02, 2025

    CJEU Set To Hear SocGen's Case In Swedish Tax Dispute

    The Court of Justice of the European Union said Monday that it will hear the case of French banking giant Société Générale SA against the Swedish tax authority over the taxation of nonresident companies under the European treaty.

  • June 02, 2025

    EU Hits Two Delivery Firms With €330M Fine For Market Cartel

    The European Commission said Monday that it had slapped two food delivery companies with a total of €329 million ($375.8 million) in fines for operating a cartel for four years in a settlement.

  • June 02, 2025

    AI Use Soars Among UK Cos. Despite Rising Cyber-Risks

    More than 90% of U.K. businesses are either looking at or already using artificial intelligence tools, despite a vast number believing that cyberthreats are on the rise, according to research by insurer QBE released Monday.

  • June 02, 2025

    BBC Wins Bid To Amend Libel Defense In Tory Donor Case

    Conservative Party donor Mohamed Amersi has largely failed to prevent the BBC from updating its defense to his libel claim, as a London court ruled that its allegations of his involvement in providing "lavish entertainment" for politically exposed people support its truth defense.

  • June 02, 2025

    Aircraft Parts Co. Director In Court On Fraud Charges

    A director of an aircraft parts supply company appeared at a London criminal court on Monday accused of falsifying documents used in sales of engine parts to airlines around the globe.

  • June 06, 2025

    Reed Smith Hires Cohen & Gresser London White-Collar Pro

    Reed Smith LLP has recruited a senior expert in financial crime from Cohen & Gresser LLP in London to boost its capabilities representing clients in complex disputes and investigations.

  • May 30, 2025

    UK Military Has Paid £20M To Sexual Misconduct Victims

    The British military has spent nearly £20 million ($27 million) on payouts to victims of sexual misconduct in its ranks over the past decade, the Ministry of Defence confirmed Friday.

  • May 30, 2025

    Isle Of Man Agrees To Work With UK Against Tax Avoidance

    Isle of Man authorities reached an agreement with the U.K. government to work together in a crackdown on promoters of tax avoidance schemes, according to a joint statement.

  • May 30, 2025

    UK Midsize Biz Owners Wary Of Risk Exposure, Report Says

    Owners and operators of midsize U.K. businesses are just as wary of risk exposure in personal taxes as they are in business taxes except under certain circumstances, according to a report commissioned by HM Revenue & Customs.

  • May 30, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Entain face yet more investor claims in the fallout from its bribery probe, UEFA face class action from Liverpool fans over chaos at the 2022 World Cup, and a venture capitalist sue journalists for misuse of his private information over a forged police report. Here, Law360 looks at these and other new claims in the U.K.

  • May 30, 2025

    Thames Water Fine Signals Growing Enviro Risk For Business

    The historical fine imposed on Thames Water for environmental failings and improper payments to shareholders is a novel use of new legal powers given to the waste and water regulator — and a warning about growing regulatory risks, lawyers say.

  • May 30, 2025

    British Businessman Appears In Court In Malawi Bribery Case

    A British businessman appeared at a London criminal court Friday on charges that he sent corrupt payments to the former vice-president of Malawi, as well as its ex-solicitor general and other high-ranking officials.

  • May 30, 2025

    FCA Wins OK For £1M Fine On Pensions Transfer Pros

    The finance watchdog said Friday that a tribunal has approved its decision to ban two financial advisers from working in financial services and impose approximately £1 million ($1.3 million) in fines over their pension transfers that put clients' retirement money at risk.

  • May 30, 2025

    Russell Brand Pleads Not Guilty To Rape, Sexual Assault

    Actor and comedian Russell Brand has denied charges of rape, sexual assault and indecent assault at a London court Friday.

  • May 29, 2025

    Accountants Deny Negligence In Kebab Biz Share Deal Fraud

    An accounting firm has denied negligently accepting a fraudulently signed share transfer form that a business director claims cost him his stake in a meat supplier of almost £2.5 million ($3.4 million), arguing that there was "nothing obviously suspicious" about the document.

  • May 29, 2025

    HSBC Denies Blame For £12M Transfers Tied To Alleged Fraud

    HSBC has accused a corporate client of attempting to hold the bank liable for an alleged fraud committed by the company, denying that it failed to question and block more than £12 million ($16.1 million) in allegedly fraudulent account transfers.

Expert Analysis

  • Banker Remuneration Proposals Could Affect More Than Pay

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    The Financial Conduct Authority and Prudential Regulation Authority’s pending proposals to reduce banker remuneration restrictions bring obvious personal financial advantages for bankers, but may have repercussions that result in increased scrutiny of bonus payments and wider changes to workplace culture and overall accountability, say lawyers at Fox Williams.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • EU Report May Influence Regulation Of Decentralized Finance

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    The European supervisory authorities’ recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.

  • EU Paper Urges Data Protection And Competition Law Unity

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    A recent European Data Protection Board position paper calls for closer cooperation among data protection and competition authorities, and provides valuable insight for businesses seeking to ensure compliance across an increasingly complex regulatory landscape, say lawyers at Paul Weiss.

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    The recently amended European Market Infrastructure Regulation, imposing a requirement on certain financial and nonfinancial institutions to maintain an active EU counterparty account, hopes to incentivize the central clearing of trades, although there are concerns that higher compliance costs will lead to a decrease in competitiveness, say lawyers at McDermott.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    While U.S. President Donald Trump’s protectionist stance on trade could disrupt global supply chains on which many U.K. tech firms are reliant, anticipated deregulation could provide fertile ground for investment and growth, and the U.K. tech sector is bracing for a mix of opportunities, say lawyers at Shoosmiths.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    Although the forthcoming European Union omnibus simplification package consolidating corporate sustainability reporting requirements aims to reduce the regulatory burden on businesses, reaction to the proposals has been mixed, and reassurance is needed that these measures will not result in a watering down of the legislation, say lawyers at Peters & Peters.

  • Review Of Computer Evidence Use Raises Complex Issues

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    The Ministry of Justice’s recent call for a review of computer-generated evidence used in criminal proceedings, solicits questions of how such evidence will be defined while also ensuring that changes can withstand technological advances and uphold the effective functioning of the criminal justice system, say lawyers at BCL Solicitors.

  • How Proposed Private Share Trading System May Benefit Cos.

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    The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.

  • New Bill Introduces Important Whistleblower Protections

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    If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.

  • What To Expect As CAT Considers Mastercard Settlement

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    It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    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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