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Corporate Crime & Compliance UK
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March 03, 2026
Reeves Says UK Will Stick With Higher Tax Take Strategy
Chancellor of the Exchequer Rachel Reeves said Tuesday that the U.K. government will keep its plans to meet its fiscal rules by increasing its tax take despite calls for tax cuts from businesses and concerns over financial stability.
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March 03, 2026
UK Lifts Sanctions On British Accountant Over Shadow Fleet
The U.K. government has revoked sanctions on a British national 10 months after it accused him of procuring vessels for Russia's shadow fleet, his solicitors said Tuesday.
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March 03, 2026
Energy Data Co. Settles Supply Cutoff Fight With Startup
An energy data supplier owned by a consortium of British power companies and an energy startup have settled the dispute that erupted after the data supplier cut off the startup for allegedly passing on data to third parties.
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March 03, 2026
Spacey Accusers Seek To Show 'Pattern' In Sex Assault Trial
Lawyers for three men suing Kevin Spacey for alleged sexual assault urged a London court on Tuesday to allow the evidence of other witnesses who are giving accounts of similar behavior by the actor to be heard at trial.
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March 03, 2026
Legal, Audit Bodies Need Tighter AML Controls, FCA Warns
Legal and accountancy professional bodies are failing to adequately enforce anti-money laundering rules for their member firms, a unit within the Financial Conduct Authority warned Tuesday.
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March 03, 2026
Swaths Of Merchants Cut From Swipe Fees Class Action
Visa and Mastercard can exclude swaths of merchants from collective proceedings over the fees they charge, the Competition Appeal Tribunal has ruled, finding that several categories of claimants were too late to sign up to the class.
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March 02, 2026
HMRC Bags Extra £16B From Big Businesses, Audit Says
HM Revenue & Customs collected almost £16 billion ($21.3 billion) in extra tax revenue from the biggest businesses in fiscal year 2024-25 after it took a stricter approach to compliance, the National Audit Office found.
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March 02, 2026
Dyson Settles Factory Workers' Forced Labor Claims
A group of workers suing Dyson over alleged forced labor when they made components at Malaysian factories have settled their claim against the electronics manufacturer, their lawyers said Monday.
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March 02, 2026
Guernsey Plans To Name Biz Owners To Curb Financial Crime
The government of Guernsey has floated a plan to open access to ownership data for companies and other legal entities registered on the island, in a bid to combat financial crime.
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March 02, 2026
UK's Fair Work Agency Appoints CEO Ahead Of April Launch
The government said Monday it has appointed the head of a mining remediation body as chief executive of the Fair Work Agency, the country's new labor rights watchdog set to open in April.
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March 02, 2026
Motorists Say Carmakers Should Be Liable For Emissions
Carmakers in Britain have breached the law through the use of technology designed to cheat emissions tests similar to the one that sparked the Volkswagen Dieselgate scandal, lawyers for a group of motorists told the closing submissions of the trial Monday.
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March 02, 2026
Yukos Shareholders Win £66B Judgment Against Russia
Investors in Yukos Oil won their battle with the Russian government on Monday as the High Court ruled that the federation's attempts to quash a £66 billion ($88 billion) judgment in the investors' favor had already been tossed out by lower courts.
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March 02, 2026
Customs, VAT Fraud Costing €45B, EU Prosecutors Say
Cross-border customs and value-added tax fraud are reshaping the criminal landscape in the European Union, with such schemes generating an estimated €45 billion ($52.7 billion) in damage, according to a report published Monday by an independent prosecuting body.
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March 02, 2026
Shein Fights To Withhold List Of Top Suppliers In Temu Battle
Shein asked a London appeals court on Monday to give it a chance to overturn an order compelling it to hand over a list of its top suppliers to Temu in a battle over photo copyright and alleged anticompetitive conduct.
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March 02, 2026
SFO Denied Final Chance To Cut $128M From ENRC Damages
The Serious Fraud Office cannot slash its potential payout to Eurasian Natural Resources Corp. by $128 million over its unsuccessful criminal investigation after Britain's highest court refused to weigh in on the case, the parties confirmed on Monday.
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March 02, 2026
CMA Probes Hilton, IHG, Marriot Over Potential Data-Sharing
The antitrust watchdog said Monday that it has opened a formal investigation into whether three major hotel groups and a data provider illegally shared commercial information that could weaken competition.
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February 27, 2026
Four Charged Over Fraudulent COVID Vaccine Records Sale
The National Crime Agency revealed Friday that four people have been charged over their alleged role in the creation and sale of fraudulent COVID-19 vaccination records during the pandemic.
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February 27, 2026
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.
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February 27, 2026
Airlines Lose ECJ Challenge To €520M Air Cargo Cartel Fines
A group of airlines, including British Airways and Cathay Pacific, have largely lost their legal challenge to almost €520 million ($614 million) in fines over their long-running cartel to coordinate fuel and security surcharges on air cargo services.
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February 27, 2026
5 Questions For Kennedys' Ash Daniells On FOS Reforms
The government is reforming the Financial Ombudsman Service, which settles claims between consumers and regulated financial businesses. The reforms come after years of complaints that the ombudsman is not working efficiently, but the proposals have attracted wide criticism.
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February 27, 2026
Top Barclays Exec Named As Head Of UK Banking Watchdog
The Bank of England said Friday that senior Barclays executive and former Treasury official Katharine Braddick has been appointed as the next head of the U.K.'s main banking watchdog.
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February 27, 2026
'A Recipe For Disaster': How SFO's London Mining Case Sank
The decision by the Serious Fraud Office to abandon its long-running prosecution of former executives at London Mining has led to renewed scrutiny of its handling of online disclosure of evidence and its broader approach to investigations and technology.
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February 27, 2026
Ex-Judge Can't Fight Fraud Conviction Over Legal Costs
An English appellate court on Friday barred a former part-time judge and barrister from making a fresh challenge against his conviction for fraudulently submitting cost claims, ruling that new evidence in support of his case wasn't credible.
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February 26, 2026
Biz Owner Gets £2M Tax Evasion Penalty Tossed As Unfair
A company owner isn't liable for a nearly £2 million ($2.7 million) civil tax evasion penalty because HM Revenue & Customs didn't raise its claims of dishonesty by the owner in a prior proceeding it relied on later, a London court said Thursday.
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February 26, 2026
Ex-Exec. In $2B Denmark Tax Scheme Hid Assets, Court Told
A Florida man involved in a $2 billion Danish tax refund scheme fraudulently transferred millions of dollars to a U.S. company to prevent the Danish government from seizing those assets, Denmark's tax agency told a New Jersey federal court.
Expert Analysis
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10 Financial Regulatory Changes To Prepare For In 2026
A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.
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How Gov't AML Supervision Reform Will Affect Law Firms
In confirming that the Financial Conduct Authority will become the single supervisor for professional services, HM Treasury’s planned reform of the U.K.’s anti-money laundering and counter-terrorist financing supervision regime marks a significant change for the legal profession, signaling a greater emphasis on evidence and accountability, says Harriet Holmes at Thirdfort.
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EU Financial Regulation Trends Cos. Need To Watch In 2026
An ever-increasing number of initiatives on the European Union regulatory agenda, with simplification and consistent implementation being priorities, means financial services businesses with a footprint in the EU or seeking to establish one will face significant challenges and strategic opportunities, say lawyers at Taylor Wessing.
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What To Expect From UK, EU Crypto Regime Changes In 2026
With 2025 marking the first operational year of the European Union’s Markets in Crypto-Assets Regulation and the U.K.’s rules reaching their final legislative form, the two jurisdictions are converging in focus, but structural design differences mean firms active in both markets will require dedicated documentation to ensure compliance, say lawyers at Morgan Lewis.
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What Cos. Can Expect From CMA Consumer Protection Drive
The Competition and Markets Authority’s recently launched consumer protection drive targeting banned online sales practices focuses on supporting compliance rather than on enforcement, although firms should expect this to change once businesses have had time to adapt to the regulator's new regime, say lawyers at Baker Botts.
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Preparing For UK's New Tax Fraud Whistleblower Program
With the U.K. government introducing a U.S.-style whistleblower incentive scheme to tackle high-value tax avoidance and evasion, companies should take proactive steps and establish clear protocols to mitigate the potential increase in tax investigations, say lawyers at Skadden.
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Key Trends Shaping ESG And Sustainability Law In 2026
2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.
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Digital Regulation In EU And UK: The Enduring 2025 Themes
With EU and U.K. digital regulation becoming an operational reality in 2025 and no sign of slowing in 2026, organizations need to embed content moderation, cybersecurity and data access obligations into their compliance structures, although legislative divergences mean that multinational businesses must also consider parallel and sometimes conflicting expectations, say lawyers at Morrison & Foerster.
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FCA Enforcement Trends In 2025 And Expectations For 2026
The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.
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Judicial AI Guidance Update Shows Caution Still Prevails
The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.
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Brazil Dam Ruling Highlights Role Of Corporate Accountability
The recent High Court judgment in Municipio de Mariana v. BHP concerning the collapse of the Fundao dam establishes a precedent for holding parent companies that exercise significant control and assume responsibility liable for the actions of group entities, notwithstanding their multinational corporate structure, say lawyers at Irwin Mitchell.
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Freezing Orders Maintain Their Impact 50 Years On
Freezing orders, created in Mareva v. International Bulk Carriers 50 years ago, are now a fundamental part of English and Welsh law and a significant weapon in the litigator's armory, considered indispensable by practitioners seeking to obtain enforceable judgments and interlocutory relief on behalf of their clients, say lawyers at Trowers and Hamlins.
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Decoding Arbitral Disputes: A Paris Ruling Defines Key Limits
Though French arbitration law is highly supportive of arbitral autonomy, last week's Paris Court of Appeal judgment annulling a $14.9 billion arbitral award against Malaysia reaffirms that such support is neither unqualified nor blind to defects striking at the very legitimacy of the arbitral process, says Josep Galvez at 4-5 Gray's Inn.
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EU Businesses Face Uncertainty Amid Sustainability Reforms
The European Commission’s sustainability omnibus, due to be approved this month, has brought a year of regulatory upheaval for European businesses, and although the long-awaited scaled-back obligations will provide clarity, a balance between not overburdening reporting companies and the need for data to make sustainable investments must be found, say lawyers at Peters & Peters.
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SFO Compliance Guide Highlights Early Remediation Is Key
The Serious Fraud Office’s first external guidance on evaluating corporate compliance programs serves as an important reminder to organizations to keep their compliance measures under close review from the earliest stages of an internal investigation to mitigate the risk of ongoing and future misconduct, says Tom Grodecki at Cadwalader.