Try our Advanced Search for more refined results
Corporate Crime & Compliance UK
-
May 30, 2025
FCA Wins OK For £1M Fine On Pensions Transfer Pros
The finance watchdog said Friday that a tribunal has approved its decision to ban two financial advisers from working in financial services and impose approximately £1 million ($1.3 million) in fines over their pension transfers that put clients' retirement money at risk.
-
May 30, 2025
Russell Brand Pleads Not Guilty To Rape, Sexual Assault
Actor and comedian Russell Brand has denied charges of rape, sexual assault and indecent assault at a London court Friday.
-
May 29, 2025
Accountants Deny Negligence In Kebab Biz Share Deal Fraud
An accounting firm has denied negligently accepting a fraudulently signed share transfer form that a business director claims cost him his stake in a meat supplier of almost £2.5 million ($3.4 million), arguing that there was "nothing obviously suspicious" about the document.
-
May 29, 2025
HSBC Denies Blame For £12M Transfers Tied To Alleged Fraud
HSBC has accused a corporate client of attempting to hold the bank liable for an alleged fraud committed by the company, denying that it failed to question and block more than £12 million ($16.1 million) in allegedly fraudulent account transfers.
-
May 29, 2025
NCA Charges UK Businessman In Malawi Bribery Case
A British businessman was expected to appear at a London criminal court on charges that he sent corrupt payments to Malawi's former vice-president and figures including the country's ex-solicitor general, according to court lists that have now been made public.
-
May 29, 2025
FCA To Update Regulatory Directions For UK Finance Firms
The Financial Conduct Authority said Thursday that it will amend and update approximately 11,000 legal requirements, obligations and restrictions for more than 9,000 financial firms in the U.K.
-
May 29, 2025
SRA Ordered To Fix Failures After Axiom Ince Collapse
The Solicitors Regulation Authority must improve how it identifies risks to consumers and strengthen regulation of client money to avoid a repeat of failings in its handling of the collapse of Axiom Ince Ltd., the legal industry's oversight watchdog said Thursday.
-
May 29, 2025
Ex-NCA Employee To Face Trial On Job Fraud Charges In 2027
A former official at the National Crime Agency denied fraud charges at a criminal court Thursday, which included allegations that he lied about being an analyst for a U.K. intelligence agency when he applied for a job at Britain's maritime security service.
-
May 28, 2025
One Convicted For Role In €195M VAT Fraud Scheme
A Munich court convicted a man for his role in a value-added tax fraud scheme that spanned 17 countries and caused an estimated €195 million ($220 million) in damages, the European Public Prosecutor's Office said Wednesday.
-
May 28, 2025
Online Scams Surge With £1B Stolen Through Fraud In 2024
Criminals stole £1.17 billion ($1.6 billion) through fraud in 2024, largely through a 22 percent rise in customers being duped into disclosing online login passcodes, banking body UK Finance revealed Wednesday.
-
May 28, 2025
SFO Charges Airline Parts Boss With Fraud Over Fake Parts
The Serious Fraud Office charged the director of a company based in Britain with fraud on Wednesday, alleging that he had falsified documents for the sale of engine parts to major airlines around the world.
-
May 28, 2025
Ex-Russian Politician Appeals UK's First Sanctions Conviction
A former Russian politician who became the first person to be found guilty of breaching the U.K.'s sanctions regime is challenging his conviction and sentence, his lawyer confirmed Wednesday.
-
May 28, 2025
Social Media Giants Urged To Curb Unauthorized Finance Ads
The European Union's financial markets watchdog urged the world's major social media and online companies on Wednesday to stop promoting unauthorized financial services on their platforms.
-
May 28, 2025
New FCA Crypto Rules Focus On Stablecoin Value, Security
The Financial Conduct Authority on Wednesday proposed rules aimed at ensuring stablecoins hold their value and firms keep cryptocurrencies safe, as the U.K. progresses on its plans to oversee regulation of the risky assets.
-
May 28, 2025
Ex-Judge Launches £25B Ad-Price Action Against Google
Google is facing a new £25 billion ($33.7 billion) class action in the U.K. brought by a former deputy High Court judge on behalf of advertisers, alleging that the technology giant abused its dominant position in online search advertising.
-
May 28, 2025
Thames Water Fined Record £123M Over Sewage, Dividends
Thames Water was fined £122.7 million ($165.8 million) on Wednesday by the water regulator for breaching rules governing its failed wastewater management and unjustified payment of dividends — the latest upset for the beleaguered utility company.
-
May 27, 2025
Ex-SFO General Counsel Lands Role At Mayfair Chambers
Sara Lawson KC has joined Mayfair Place Chambers after stepping down as general counsel to the Serious Fraud Office earlier in the year.
-
May 27, 2025
Suspected Ringleader Of €520M VAT Scheme Turns Self In
The suspected ringleader of a €520 million ($589 million) value-added tax fraud scheme that was under a cross-border investigation has turned himself in, law enforcement agencies said Tuesday.
-
May 27, 2025
Italian Police Seize €1M In Fraud Probe Tied To Officials
Italian authorities seized assets on Tuesday worth up to €1.1 million ($1.25 million) as part of an investigation into agricultural funding fraud linked to the corruption of public officials and a police officer, European prosecutors said.
-
May 27, 2025
Lancaster Crown Court Faces Closure Over Security Concerns
The government has opened up a consultation for its proposal to permanently close a major criminal court in the northwest of England and surrender the lease for the building.
-
May 27, 2025
7th Person Arrested In Recycling Fraud Investigation
Environment Agency officers and regional police have arrested a seventh individual as part of an active investigation into the illegal recycling of export paperwork, the government body has revealed.
-
May 27, 2025
JPMorgan Unit Fined For Failing To Disclose Key Data
The French electricity and gas markets regulator said Tuesday that it has fined a German subsidiary of JPMorgan Chase & Co. €500,000 ($568,000) because it failed to identify all its clients when energy prices soared in France.
-
May 23, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Nestlé hit with an intellectual property claim by a pet insurance company, VTB Capital bring a breach of contract lawsuit against J.P. Morgan Securities, and Société Générale's former chief executive face litigation from an Italian entrepreneur.
-
May 23, 2025
Belgian Tax Break Denials Don't Break EU Rules, ECJ Advised
Belgium isn't breaking with European Union law by denying companies tax deductions under controlled foreign corporation rules, an adviser to the EU's top court said in an opinion.
-
May 23, 2025
Accounting Firm Says Business Partner Embezzled £850K
An accounting firm has accused a business partner of embezzling at least £850,000 ($1.1 million), telling a London court that there was a conspiracy to harm the business.
Expert Analysis
-
Banker Remuneration Proposals Could Affect More Than Pay
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
“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
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
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
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
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
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
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.
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
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
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
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
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
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
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.