Santander UK PLC has been slapped with a £32.8 million ($41.5 million) fine for failing to pass the money of customers who have died to their families, the Financial Conduct Authority said on Wednesday.
A London judge has ordered a procurement engineer currently serving prison time to stay in the U.K. until he pays off debts related to a kickbacks scheme in which he traded confidential information on £40 million ($50.7 million) worth of energy and infrastructure projects.
A German automotive engineering company entered into a plea agreement Tuesday to pay $35 million for its alleged role in a long-running scheme by Volkswagen AG to sell diesel vehicles in the United States that use a "defeat device" to cheat on vehicle emissions tests required by federal law.
New York’s top banking regulator has hit Barclays with a $15 million fine as part of a settlement announced Tuesday resolving claims stemming from the agency’s investigation into a push by the bank’s CEO to smoke out the source of two 2016 whistleblower letters that raised concerns about a recently hired executive.
A Conservative Party lawmaker has called on Parliament to investigate how executives at Lloyds Banking Group PLC established a compensation scheme for victims of a massive fraud at HBOS PLC, claiming the scheme is a scam to prevent small businesses from being paid out.
A Guernsey-based trust manager on Tuesday denied owing more than £1 million ($1.26 million) after investors lost money in a failed Caribbean resort, telling a London court that it held no duty of care to the savers.
U.K. banks could be banned from charging higher fees to customers with unarranged overdrafts, the Financial Conduct Authority said Tuesday, in what the regulator called the biggest market shake-up “for a generation.”
The U.K.’s antitrust enforcer proposed radical new laws on Tuesday to break auditing services away from consultancy work at the Big Four global accounting companies, in a drive to tackle "deep-seated problems" and concerns about conflicts of interest.
Attorneys for a former Société Générale SA executive accused of falsifying the Paris bank's submissions to the London Interbank Offered Rate argued Monday that living in France doesn't make their client a fugitive and urged a New York judge to consider the case's constitutionality.
The former CEO of the offshore Loyal Bank Ltd. asked a Brooklyn federal judge on Monday to let him avoid prison after he admitted helping a purported fraudster hide income from United States authorities in the first conviction under the Foreign Account Tax Compliance Act of 2010.
An Elder Gaffey & Paine PC accountant charged with tax evasion, fraud and money laundering in connection with the leak of documents from the Mossack Fonseca law firm referred to as the Panama Papers pled not guilty in Manhattan federal court on Monday.
U.K. Prime Minister Theresa May said Monday she will ask Parliament to vote on her Brexit plan early next month, just days after European negotiators said they won't rework the withdrawal agreement amid widespread opposition from British lawmakers.
Three U.S. regulatory bodies hit two American units of Swiss banking giant UBS Group AG with $15 million in fines Monday for not investing in resources necessary to combat money laundering since at least 2004, the agencies said in coordinated announcements.
A British judge on Monday said documents seized from several U.K. liquor traders may be reviewed by HM Revenue and Customs authorities investigating a broad £440 million ($554 million) scheme to evade alcohol taxes, finding no indication that agents intended to exceed court-issued search warrants.
The European Commission detailed plans on Monday to continue to allow EU investors to trade in shares listed in Switzerland under MiFID II until June 2019, while the country is embroiled in negotiations that will allow it future legal access to the bloc’s market.
Two insurance fraudsters have been handed suspended jail sentences at a London court after they caused a car crash in an attempt to claim thousands of pounds in bogus claims, City of London Police have said.
Claims management companies will have to meet tough new rules to obtain authorization by the Financial Conduct Authority from April 2019, which they will require if they are to operate within the law, the City regulator said Monday.
A court has ordered the former owner of retail chain BHS, which collapsed with a pension deficit of £570 million ($720 million), to pay more than £124,000 after he lost an appeal against a conviction for failing to hand over information to Britain’s pensions regulator.
The last week has seen an Italian investment boutique sue a film production company, MMA and Axa sue shipper MSC and a wealth management firm lodge a part 8 action against major banks like Barclays and HSBC.
A British judge on Friday refused to stop the extradition of a Croatian man accused of embezzling money from a former employer more than a decade ago, saying that despite the delay in prosecuting the claim there is no evidence that the passage of time has eroded his memory or ability to call witnesses to his defense.