Corporate Crime & Compliance UK

  • July 23, 2025

    Top UK Court Overturns Traders' Rate-Rigging Convictions

    Britain's highest court quashed on Wednesday the convictions of two former traders imprisoned for interest rate rigging in a landmark decision that could open the door for upending historic prosecutions.

  • July 22, 2025

    Ex-Soldier Ran £1.3M Investment Ponzi Fraud, Jurors Told

    A former British Army rifleman ran a Ponzi investment fraud which raised £1.3 million ($1.7 million) from 238 investors before collapsing, the U.K.'s financial regulator said at the beginning of a London criminal trial Tuesday.

  • July 22, 2025

    UK To Ban Ransomware Payments To Protect Public Services

    The Home Office said Tuesday that public bodies may be banned from making ransom payments to cybercriminals under a set of new proposals that it says will make public services a less attractive target for hackers.

  • July 22, 2025

    Artist Can't Appeal Fake 'Fishrot' Apology Copyright Breach

    A performance artist can't appeal a decision that he infringed the copyright of Iceland's largest fishing company by creating a spoof corruption apology about the company's involvement in bribing Namibian officials, a London court ruled Tuesday.

  • July 22, 2025

    VTB Sues Investment Biz In Sanctions Dispute Over Trades

    VTB Capital PLC has sued an investment firm for $3.4 million over unsettled trades of Russian securities, arguing that the other company did not have the right to terminate the trades due to sanctions imposed after the invasion of Ukraine.

  • July 22, 2025

    BoE Chief Vows To Speak Up If Deregulation Goes Too Far

    Andrew Bailey told a cross-party group of lawmakers Tuesday that he would speak out if the Treasury tries too hard to deregulate the financial services industry, adding that bank ring-fencing must remain in place.

  • July 22, 2025

    DWF Beats Data Privacy Challenge In Injury Fraud Evidence

    A London court tossed claims Tuesday that DWF Law LLP broke data protection laws when it analyzed and shared health information from three former personal injury claimants in a bid to expose alleged fraud patterns in road traffic accident cases.

  • July 22, 2025

    NCA Calls For Crypto-Data Sharing In £100B AML Battle

    The National Crime Agency has called for financial services companies to share data with law enforcers to improve identification of illicit cryptocurrency activity as it seeks to combat the estimated £100 billion ($135 billion) laundered in the country every year.

  • July 22, 2025

    GDPR Whistleblower Wins Bid To Be Paid Until Full Trial

    An employment tribunal has ordered a luxury car dealership to keep paying the salary of an employee it recently fired, ruling that she had a strong case that the company had punished her for speaking out over data protection breaches.

  • July 22, 2025

    HP Owed More Than £730M From Autonomy Fraud Case

    Hewlett Packard Enterprise is owed more than £730 million ($985 million) from the estate of Mike Lynch and his former business partner, a London judge ruled on Tuesday, almost a year after the technology entrepreneur died when a yacht he was aboard sank in the Mediterranean Sea.

  • July 21, 2025

    UK Co. Faces £1M Penalty For Failing To Report Tax Scheme

    HM Revenue & Customs was right to determine that a company had promoted a contractor loan tax scheme, a London tribunal ruled, finding the Manchester-based business liable for up to £1 million ($1.3 million) in penalties.

  • July 21, 2025

    New AI Audit Standard Aims To Tame 'Wild West' Market

    The British Standards Institution on Monday unveiled what it called the world's first standard for companies independently auditing artificial intelligence systems amid concern over a potential "wild west" of unchecked providers.

  • July 21, 2025

    Ex-Execs Sue Telecom Biz Over Alleged £8M Share Sale Loss

    Two former directors of a telecom technology company are suing their successors for over £8 million ($10.7 million), alleging they were tricked into selling their shares at a fraction of their true value.

  • July 21, 2025

    Trader Blames Deutsche Bank For Spoofing Conviction

    A former Deutsche Bank trader convicted of tricking market competitors through a "spoofing" scheme has sued the bank in a London court, alleging it trained him to use an illegal trading strategy and then "scapegoated" him when he faced prosecution.

  • July 21, 2025

    Kession Fights Liability In £1.7M Collective Investment Case

    A finance company urged the U.K.'s top court Monday to partly override a judgment that found it liable for botched property investments worth approximately £1.7 million ($2.3 million), arguing that its liability to investors should have been limited. 

  • July 21, 2025

    Ex-Union Lawyer Loses Claim Job Lost Over Whistleblowing

    A former solicitor for the National Education Union has lost her claim that she was fired for raising concerns about its insurance cover, as an employment tribunal ruled she was actually dismissed for refusing to work.

  • July 21, 2025

    Oil Biz Must Face Dishonesty Claims Over $335M Fraud Case

    Arcadia Group has failed to strike out claims by the former chief executive and the finance boss at the oil trader who alleged that the company had dishonestly accused them of funneling $335 million profits in their own pockets.

  • July 21, 2025

    X Denies Algorithm Manipulation Amid French Criminal Probe

    Social media giant X said Monday that it has refused to cooperate with an investigation by French police over alleged algorithm manipulation and fraudulent use of data, saying the criminal probe is "politically motivated."

  • July 18, 2025

    EU Agrees To Hit Russian Banking Harder With New Sanctions

    The European Union agreed Friday to new sanctions against Russia hitting the banking sector harder as part of a broader package.

  • July 18, 2025

    1st Post Office 'Capture' Conviction Referred To Appeals Court

    The Criminal Cases Review Commission said Friday that it has referred its first Post Office "Capture" conviction to the Court of Appeal, a major development in the long‑running scandal surrounding faulty accounting software relied upon to wrongfully prosecute sub‑postmasters.

  • July 18, 2025

    Irwin Mitchell Can't Escape Costs In Pension Fraud Claim

    Irwin Mitchell LLP failed on Friday to recover costs after it persuaded a London court that it had been wrongly named in a retired naval officer's negligence claim because its broader effort to throw out the case fell short.

  • July 18, 2025

    SFO Freezes Arena TV CEO's Crypto Assets With New Powers

    A boss of collapsed Arena Television Ltd. has had more than £11,000 ($14,805) worth of cryptocurrency frozen by the Serious Fraud Office, in the first time the agency has used new powers to freeze crypto assets.

  • July 18, 2025

    Odey Fights To Delay Libel Trial Amid Sex Assault Claims

    U.K. hedge fund manager Crispin Odey argued in a London court on Friday that his £79 million ($106.3 million) libel claim against the Financial Times should be put on hold while he defends against claims by five women accusing him of sexual abuse.

  • July 18, 2025

    FCA Shrugs Off Commissioner's Criticisms Of Ignoring Tip-Off

    The City watchdog has hit back at criticisms by the Financial Regulators Complaints Commissioner concerning how it treats tipoffs about unregulated firms.

  • July 18, 2025

    Tomb Raider Game Composer Jailed For COVID Loan Fraud

    A composer for the Tomb Raider video game series has been sentenced to 16 months in prison for fraud involving the U.K. government's COVID-19 pandemic-era bounce-back loan scheme, the Insolvency Service said Friday.

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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