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Corporate Crime & Compliance UK
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September 17, 2025
FCA Unveils Tough Proposed Rules For Crypto Firms
The Financial Conduct Authority set out Monday its proposed crypto-assets regulatory regime, with some wider reach than its rules for other sectors like banking or insurance to address technological exposures.
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September 17, 2025
Duty Of Candor Could Be Transformative, But Doubts Remain
The government's bid to enshrine a duty of candor in public office could be transformative in compelling authorities to be more transparent, but legal experts have expressed doubts about how effective enforcement will be.
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September 17, 2025
Ex-Consultancy Execs Liable For £2.4M Over Misleading Sale
A Birmingham court has ordered the former owners of a technology consultancy to pay more than £2.4 million ($3.3 million) in damages for selling the company under the misleading impression that some of its client contracts were more profitable than they really were.
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September 17, 2025
Sexual Harassment Calls To Acas Up 39% After Law Change
Inquiries to the U.K.'s workplace disputes mediator about sexual harassment have grown by 39% following a law change requiring employers to take steps to shield their staff, data released on Wednesday revealed.
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September 17, 2025
Gambling Co. To Pay £360K Over AML, Social Duty Breaches
An online gambling business has agreed to pay a £360,000 ($491,400) settlement after an investigation by the Gambling Commission uncovered failings in social responsibility and anti-money laundering measures within the company.
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September 16, 2025
Gov't Says Hillsborough Law Won't Drive Up Prosecutions
A new offense that would make it a crime for officials to mislead the public is unlikely to drive future prosecutions or target authorities not already liable under the existing law, according to a Home Office report published Tuesday.
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September 16, 2025
Pogust Goodhead Reshuffles Team Leading £36B BHP Case
Pogust Goodhead has had to reshuffle its team on the BHP class action trial after its lead lawyer on the £36 billion ($49 billion) claim moved to another case and the partner overseeing its Dieselgate litigation left the firm.
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September 16, 2025
Insurer Can't Duck $6M Bond Payout Over Ghana Power Plant
A London court ordered a Ghanaian insurance company on Tuesday to pay a subsidiary of Greek industrial conglomerate Metlen almost $6.3 million for wrongly refusing to pay up under a bond the insurer claimed was obtained by fraud.
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September 16, 2025
Barrister Faces BSB Probe Over Fake Case From ChatGPT
A barrister who allegedly misled a tribunal by submitting a fictitious case generated by ChatGPT has been referred to the Bar Standards Board.
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September 15, 2025
Gov't Introduces 'Duty Of Candor' Law For Public Officials
The British government introduced landmark legislation on Monday to create a legal duty of candor for public officials, and criminal sanctions for those who mislead the public, to change the "culture of cover-ups" surrounding disasters and scandals.
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September 15, 2025
AerCap Wants £81M Costs From Insurers In Missing Jets Case
Aircraft leasing giant AerCap is seeking £81 million ($110 million) in costs in the mammoth dispute over hundreds of aircraft stranded in Russia after the 2022 invasion of Ukraine, according to filings for a London court hearing that began on Monday.
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September 15, 2025
Tech Co. Denies Ex-Directors' Claim Of Share Sale Conspiracy
A telecommunications technology company has denied owing its former directors more than £8 million ($11 million) for allegedly tricking them into selling their shares for less than their potential value, adding that it never withheld details of a potentially lucrative contract on the horizon.
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September 15, 2025
Banker Sues Saudi Magnate Over £14M Shares Transfer
A Tunisian-Swiss investment banker has sued a Saudi tycoon for 53 million Saudi riyals ($14 million), alleging that the Arabian mogul unlawfully transferred shares he held as a nominee for the financier to one of his own businesses.
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September 15, 2025
Electricals Co. Had No Proof Axed Manager 'Authorized Fraud'
A tribunal has held that an electricals distributor unfairly sacked a manager on the grounds that he endorsed a coworker's alleged fraudulent transactions, ruling that there was no proof he had any knowledge of the scandal.
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September 15, 2025
CPS Drops Spy Charges Against Ex-Parliamentary Researcher
The Crown Prosecution Service dropped charges on Monday that accused a former parliamentary researcher and his co-defendant of spying for the Chinese government because of a lack of evidence, weeks before their trial was due to begin.
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September 12, 2025
Off The Bench: NCAA Athlete Ban, WNBA Sun Controversy
In this week's Off The Bench, the NCAA administered permanent bans to three basketball players, and two high-profile politicians warned the WNBA that it could be at risk of violating antitrust laws if it interferes in the sale of the Connecticut Sun.
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September 12, 2025
EU Lets Microsoft Unbundle Teams To Avoid Fine
European Union antitrust officials signed off Friday on Microsoft's plans to offer cheaper Office 365 suites without the Teams collaboration platform in order to avoid a potentially hefty fine for past policies shackling the two services together.
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September 12, 2025
Another Investor Settles In $2.1B Danish Tax Fraud Case
A U.S. investor and two of his alleged pension plans have settled claims by Denmark's tax agency accusing them of participating in a $2.1 billion scheme that fraudulently claimed refunds on tax withheld from stock dividends, with a New York federal court dismissing the allegations.
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September 12, 2025
Glencore Ruling Affirms Disclosure Trumps Prosecution Fears
A recent High Court decision that forced Glencore to hand over documents obtained from a Dutch investigation provides further evidence of the difficulties companies face when they try to resist disclosure in civil proceedings by pointing to the risk of prosecution overseas.
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September 12, 2025
Ankle Tag Co. Says Ex-CEO Forged Docs To Hide Wrongdoing
A British ankle tag maker has accused its former chief executive of forging documents to cover up wrongdoing, adding to its £320 million ($434 million) claim that she hid her interests in the company's shareholders and diverted millions from the business.
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September 12, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim against Lion Capital-owned Klotho and EY amid a long-running All Saints share acquisition dispute.
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September 12, 2025
Barrister Disbarred Over False Claims About Oxford Degree
A London legal disciplinary tribunal disbarred a King's Counsel barrister on Friday for falsely claiming that he had studied medicine at the University of Oxford when he applied for tenancy at a chambers in 2013.
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September 12, 2025
Class Rep Says £650M Motorola Claim Should Be Opt-Out
The representative of a £650 million ($881 million) collective action against Motorola urged a London tribunal on Friday to certify the unfair pricing case as an opt-out claim, arguing that this would prevent alleged victims from being denied justice.
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September 12, 2025
Travelers Sued For £5.8M Client Funds Lost In Axiom Collapse
A property buyer has sued Travelers for a £5.8 million ($7.9 million) insurance payout under its policy with Axiom Ince, telling a London court that the company had misappropriated his payment for an apartment before collapsing into administration.
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September 12, 2025
UK Law Enforcement Seizes Record £285M In Dirty Money
Law enforcement agencies seized a record £285 million ($386 million) in dirty money in 2024, with much of the cash reinvested in front line policing as a substantial portion was handed back to victims, according to the government.
Expert Analysis
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Competition Act Brings Important UK Merger Control Changes
Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.
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How GCs Can Protect Cos. From Geopolitical Headwinds
Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.
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What BT Ruling Will Mean For UK Class Actions
The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.
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Navigating PRA's Data Request For Crypto-Asset Exposure
The Prudential Regulation Authority’s recent data request for details on financial institutions' crypto-asset exposures should be used as an opportunity for firms to update their compliance procedures, and consider the future use of crypto-assets and related services, says James Wickes at RPC.
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Key Points From FCA Financial Crime Guide Updates
The Financial Conduct Authority’s recent updates to its financial crime guide reflect the regulator’s learnings on sanctions following Russia's invasion of Ukraine, highlighting and clarifying consumer duty, anti-money laundering and other compliance expectations, say lawyers at Womble Bond.
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Tax Directive Marks Milestone In Harmonizing EU System
The Council of the European Union’s recently adopted tax directive is a significant step toward streamlining and modernizing procedures for member states, and will greatly reduce administrative burden and compliance costs for cross-border investors, says Martin Phelan at Simmons & Simmons.
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Why Nonfinancial Misconduct Should Be On Firms' Radar
Following a recent Financial Conduct Authority survey showing an increase in nonfinancial misconduct, the regulator has made clear that it expects firms to have systems in place to identify and mitigate risks, says Charlotte Pope-Williams at 3 Hare Court.
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What New UK Code Of Conduct Will Mean For Directors
The Institute of Directors’ new voluntary code of conduct is intended to help directors make better decisions and enable U.K. businesses to win back eroded public trust, although, with no formal means of enforcement, its effectiveness could be limited, says Sarah Turner at Eversheds Sutherland.
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Russian Bankruptcy Ruling Shows Importance Of Jurisdiction
The U.K. Supreme Court's recent decision not to assist a Russian receiver in Kireeva v. Bedzhamov will be of particular interest in cross-border insolvency proceedings, where attention must be paid to assets outside the jurisdiction, and to creditors, who must consider carefully where to apply for a bankruptcy order, say lawyers at McDermott.
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Russia Sanctions Spotlight: UK Guides Offer Support To Cos.
The Office of Trade Sanctions Implementation’s recent guidance provides best practice suggestions that can help businesses mitigate the risk of their exports being targeted by Russian circumvention efforts, while noting that there is no one-size-fits-all approach to compliance, says Alexandra Melia at Steptoe.
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How Board Directors Can Adapt To Shifting Governance Tides
With European Union regulatory initiatives trending toward a sharp focus on ESG reporting requirements and ramping up pressure on corporate boards, directors should play a more active part in ensuring business objectives are aligned with regulatory demands, says Kallia Gavela at Alvarez & Marsal.
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How Listing Act Measures Will Modernize EU Capital Markets
The new European Union Listing Act, in line with the capital markets union initiative, aims to simplify market access for small and midsize enterprises, laying a foundation for a more integrated framework and representing a modernization milestone, say lawyers at Cleary.
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Forced Labor Imports Raise Criminal Risks For UK Retailers
Last summer’s London appeals court ruling applying the Proceeds of Crime Act to products made with forced labor, potential legislative reforms and recent BBC allegations about Chinese produce harvested by Uyghur detainees suggest British importers and retailers should increase scrutiny of their supply chains, says Ian Hargreaves at Quillon Law.
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Insider Info Compliance Highlights From New FCA Guidance
The Financial Conduct Authority's recent guidance to companies on identifying inside information clarifies the regulator's expectation of case-by-case assessment, helpfully highlighting that abuse of U.K.-regulated markets can arise earlier than some might think, say lawyers at Sullivan & Cromwell.
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EU's AI Act May Lead To More M&A Arbitration
With the EU's Artificial Intelligence Act and its stiff penalties beginning to take effect, companies acquiring AI targets should pay close attention to the provisions in the dispute resolution clauses of their deal documents, say Nelson Goh at Pallas Partners and Benjamin Qiu at EKLJ.