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Corporate Crime & Compliance UK
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August 21, 2025
Prosecutors Can Hunt Lawyer's Assets In Castle Fraud Case
A London court ruled Thursday that prosecutors could go ahead with efforts to claw back money from a former lawyer who was imprisoned for more than a decade for defrauding an American property developer out of £10.5 million ($14 million.)
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August 21, 2025
FCA Warns Firms Of Failings In Algorithmic Trading Controls
The Financial Conduct Authority said Thursday that trading companies need to address deficiencies in algorithmic trading controls, noting poor record keeping with compliance staff lacking oversight of controls.
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August 21, 2025
Casino Biz Handed £1M Fine For Money Laundering Failures
The Gambling Commission said on Thursday that it has fined an online casino £1 million ($1.35 million) for failing to carry out appropriate assessments of money laundering and terrorist financing risk
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August 21, 2025
Appointed Reps Reform Gives FCA Bigger Enforcement Hook
The U.K. government's plans to tighten the rules for appointed representatives will give the Financial Conduct Authority a far greater enforcement hook, making the regime costlier and harder to access by the companies it is designed to support, lawyers have warned.
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August 20, 2025
Ex-Meta Worker Can't Keep Job During Whistleblowing Claim
A former product manager at Meta who says he was sacked for blowing the whistle on the technology giant allegedly inflating its advertising metrics failed to convince a tribunal on Wednesday to reinstate him pending his claim being determined.
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August 20, 2025
Ex-Chelsea Soccer Player Ordered To Pay £466K To HMRC
A former soccer player turned ESPN pundit must pay back nearly £466,000 ($628,300) in taxes on film company investments to HM Revenue & Customs, a London tribunal ruled.
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August 20, 2025
Judge Warned After Having Sex In Judicial Chambers
A judge has been sanctioned after he fell short of the standard of conduct expected from an office-holder by having sex in his judicial chambers, the Judicial Conduct Investigations Office said Wednesday.
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August 20, 2025
Prosecutors Want £10.5M From Lawyer In Castle Fraud Case
A lawyer imprisoned for more than a decade for misappropriating money sent by an American property developer to buy a castle in Scotland owes his victims £10.5 million ($14 million), prosecutors told a London judge on Wednesday.
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August 20, 2025
EU Finance Watchdog, EEA Sign Sustainability Agreement
The financial markets watchdog of the European Union said Wednesday that it has entered into an agreement with the European Environment Agency to strengthen cooperation in sustainable finance and enhance regulation across member states.
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August 19, 2025
Court Upholds Ban On Education Charity Over Plagiarism
A London court has upheld a decision by a company that awards qualifications to suspend an educational charity from delivering its qualifications for 10 years after the company found numerous cases of plagiarism in students' work.
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August 19, 2025
UK Has Dropped Apple Privacy Row, US Spy Chief Says
The U.K. government has dropped controversial demands that Apple Inc. create a "back door" to customers' personal encrypted data, the U.S. director of national intelligence said Tuesday.
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August 19, 2025
Pro-Palestine Activists Avoid Prison For Defense Firm Protest
A London court has sentenced two pro-Palestine protesters to 21 days' imprisonment, suspended for 12 months, for their role in disrupting the site of a defense and aerospace component manufacturer, in breach of an injunction.
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August 19, 2025
London Law Firm Fined Over 7-Year AML Oversight Failures
The Solicitors Regulation Authority has fined a London law firm more than £8,600 ($11,600) for failing to properly document over seven years the level of risk of money laundering posed by clients.
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August 19, 2025
Pensions Watchdog Says £80M Returned To Scam Victims
More than £80 million ($108 million) has been paid out to pension savers who fell victim to scams, after a landmark court victory paved the way for compensation, the U.K. retirement savings watchdog said Tuesday.
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August 18, 2025
Gov't Group Drafts Rules For Funding Transition To Net-Zero
A government-backed body proposed a series of guidelines on Monday for lenders to provide credible transition finance to companies that plan to reduce a heavy reliance on fossil fuels to meet net-zero emissions goals.
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August 18, 2025
3 Debt Collectors Shut Down For Keeping Client Funds
Three connected debt collection agencies that "systematically deceived" their clients and wrongly kept back more than £54,000 ($73,000) of client funds have been shut down, the Insolvency Service said Monday.
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August 18, 2025
Companies Told To Prepare For New Fraud Prevention Law
Large organizations must gear up for the new "failure to prevent fraud" offense that will come into force in a fortnight or prepare for an investigation, the Serious Fraud Office warned Monday.
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August 18, 2025
FCA Warns Of Consumer Risk In Pension Transfer Incentives
The City watchdog is concerned about the use of financial incentives used to encourage Britons to transfer their pensions, as it published a sweeping review of the impact of anti-fraud rules on the retirement sector.
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August 18, 2025
Amazon Accused Of Inflating Prices In New UK Class Action
Amazon is facing a class action on behalf of more than 45 million consumers over its allegedly abusive pricing policies that enabled the technology giant to charge sellers higher fees which were passed on to consumers, the organization bringing the claim said Monday.
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August 15, 2025
Insolvency Service Official Explains Economic Crime Shift
The Insolvency Service's evolution into a frontline economic crime enforcer provides the government with an agency with new powers to crack down on fraud, which gives Whitehall a powerful tool to use against unscrupulous directors.
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August 15, 2025
Michelle Mone Lawyer Fails To Throw Out Complaint
A lawyer who acted for Michelle Mone has failed to challenge a complaint to the Scottish solicitors' watchdog over his conduct in response to reporting on the Conservative peer's connection with a company that supplied the U.K. government with COVID-19 protective equipment.
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August 15, 2025
Pair Ordered To Pay Back €25M Intended For COVID-19 PPE
A London court on Friday ordered two people to pay back more than €25 million ($29 million) they borrowed to purchase personal protective equipment, intending to create lucrative contracts with the Spanish government during the COVID-19 pandemic.
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August 15, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Transport for London hit with a procurement claim by the operator of Oyster card, while Mastercard and Visa face claims from the Rocco Forte Hotel Group, and Liverpool Football Club lobbed a claim against a security company.
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August 15, 2025
Engineer Fired After Raising Gas Safety Concerns Wins £66K
An employment tribunal has ordered an energy infrastructure company to pay a former chief engineer more than £66,000 ($89,500) for unfairly firing him after he raised concerns with a job to replace gas mains in London.
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August 15, 2025
SRA Fines Regional Law Firm Over AML Failures
The Solicitors Regulation Authority has fined an English law firm £2,809 ($3,800) after finding it failed to comply with anti-money laundering regulations for almost eight years.
Expert Analysis
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M&A Takeaways From 1st EU Foreign Subsidies Merger Ruling
The European Commission’s recent decision on the merger between e& and PFF Telecom is the first to approve a transaction subject to commitments under the Foreign Subsidies Regulation, serving as a helpful guide by confirming that behavioral measures ring-fencing EU activities from the potential effect of third-country subsidies are acceptable, say lawyers at Cleary.
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What New Int'l Treaty Means For Global AI Regulation
Lawyers at Bird & Bird consider how global artificial intelligence regulation will be affected by the first international AI treaty recently signed by the U.S., EU and U.K., as well as its implications for business and several issues that stakeholders should be aware of.
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Factors Driving EU Competition Policy For The Next 5 Years
Teresa Ribera Rodríguez’s recent nomination as the new European Union commissioner for competition prompts questions about policy and enforcement, with goals to enhance competition in business, implement stronger and faster enforcement, and promote and fund decarbonization likely in her sights during a five-year term, say lawyers at Linklaters.
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2 Highlights From Labour's Notable Employment Rights Bill
The Labour government’s recently unveiled Employment Rights Bill marks the start of a generational shift in U.K. employment law, and its updates to unfair dismissal rights and restrictions on fire-and-rehire tactics are of particular note, say lawyers at Covington.
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How Energy Scheme Is Affecting Large Co. Fund Investment
The latest phase of the Department of Energy and Climate Change's Energy Savings Opportunity Scheme implicates funds with investments in large companies by establishing significant and complex changes to the reporting cycle for mandatory assessments, say lawyers at Macfarlanes.
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How Companies House Enforcement Powers Are Growing
Companies House's recently increased ability to assess what material is submitted to the U.K. register of companies, and to proportionately enforce where violations have occurred, may require some degree of cultural shift within many companies, say lawyers at Greenberg Traurig.
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How New Sanctions Office Will Affect UK Trade Landscape
The recent launch of the Office of Trade Sanctions Implementation will help to create a more comprehensive civil enforcement terrain, but the potential for multiple investigations means businesses should reassess their systems to ensure they do not inadvertently incur civil liability, says Julia Pearce at Robertson Pugh.
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FCA Savings Update Focuses On Good Customer Outcomes
The Financial Conduct Authority’s recent cash savings update emphasizes its expectations of firms to deliver fair value to consumers by documenting the rationale for actions at each stage, considering customer communications and demonstrating that potential harms are acted upon, say Matt Handfield, Charlotte Rendle and Caroline Hunter-Yeats at Simmons & Simmons.
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Opinion
Why The UK Gov't Should Commit To An Anti-SLAPP Law
Recent libel cases against journalists demonstrate how the English court system can be potentially misused through strategic lawsuits against public participation, underscoring the need for a robust statutory mechanism for early dismissal of unmeritorious claims, says Nadia Tymkiw at RPC.
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5 Takeaways From UK Justices' Arbitration Jurisdiction Ruling
The U.K. Supreme Court's recent judgment in UniCredit Bank v. RusChemAlliance, upholding an injunction against a lawsuit that attempted to shift arbitration away from a contractually designated venue, provides helpful guidance on when such injunctions may be available, say attorneys at Fladgate.
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FCA's Broad Proposals Aim To Protect Customer Funds
The Financial Conduct Authority’s proposed changes to payments firms’ safeguarding requirements, with enhanced recordkeeping and fund segregation, seek to bolster existing regulatory provisions, but by introducing a statutory trust concept to cover customers’ assets, represent a set of onerous rules, says Matt Hancock at Greenberg Traurig.
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Complying With Growing EU Supply Chain Mandates
A significant volume of recent European Union legislative developments demonstrate a focus on supply chain transparency, so organizations must remain vigilant about potential human rights and environmental abuses in their supply chain and make a plan to mitigate compliance risks, say lawyers at Weil.
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Takeaways From Upcoming Payment Fraud Delay Legislation
Lawyers at Hogan Lovells discuss what to know about new legislation that will allow payment service providers to delay payments when third-party fraud is suspected, and share pointers for providers to consider ahead of the Oct. 30 effective date.
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What New EU Packaging Regulation Will Mean For Companies
The forthcoming Packaging and Packaging Waste Regulation aims to regulate the entire life cycle of products from design to end-of-life waste, and will present particularly challenging deadlines for organizations, especially regarding recyclability and substances of concern, say Marcus Navin-Jones and Ward Overlaet at Crowell & Moring.
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Modernizing UK Trade Settlement Standard: The Road Ahead
Andrew Tsang and Tom Bacon at BCLP consider the rationale and challenges of a potential U.K. trade settlement acceleration, part of an initiative to modernize the financial market infrastructure, and suggest that incorporating distributed ledger technology as a synchronized recording system would facilitate the move.