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Corporate Crime & Compliance UK
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August 07, 2025
Ousted Big Tech CEO Denies £320M Conspiracy Claim
The ousted chief executive of a company that makes security ankle tags has denied a £320 million ($430 million) claim, arguing that she had not caused the business loss or lied about her interest in its shareholders.
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August 07, 2025
Accounting Co. Faces Trial In 1st FTP Tax Evasion Case
Accounting firm Bennett Verby Ltd. faced accusations on Thursday that it had failed to prevent tax evasion alongside six individuals charged with tax evasion and fraud offenses.
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August 07, 2025
FCA Boosts Payment Safeguards To Protect Consumers' Cash
The Financial Conduct Authority published new rules on Thursday to protect consumers better when they use payment companies, strengthening its ability to intervene when they fail to safeguard clients' money.
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August 06, 2025
Carter-Ruck Partner Faces Tribunal Over Alleged SLAPP
The Solicitors Regulation Authority said Wednesday that it had referred a partner at Carter-Ruck to a tribunal for allegedly improperly using the legal system through a strategic lawsuit against public participation.
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August 06, 2025
Osborne Lawyer Challenges SDT Ruling Over Zahawi Email
An Osborne Clarke partner has filed an appeal against a fine imposed on him by a disciplinary tribunal for using misleading legal language to prevent publication of an email sent on behalf of former Chancellor Nadhim Zahawi, according to recently published documents.
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August 06, 2025
Lloyd's Underwriter Bids To Revive Whitsleblowing Claim
A Lloyd's syndicate told an appeals tribunal Wednesday that an underwriter's attempt to revive a claim that he was sacked for whistleblowing about a supposedly fraudulent payment was an impermissible attempt to reargue the case.
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August 06, 2025
Prince Harry's Charity Criticized For Public Row
The U.K. charity watchdog concluded Wednesday that all sides were to blame in a dispute at Prince Harry's African charity, finding that charity leaders should not have allowed the row to erupt publicly.
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August 06, 2025
Solicitor Denies Ignoring Red Flags Over Property Deals
A solicitor urged a tribunal on Wednesday to reject allegations that he displayed "manifest incompetence" and ignored warning signs when he oversaw several allegedly fraudulent property deals, saying he would not have let the transactions go ahead if he'd had suspicions.
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August 06, 2025
Greenwashing Scrutiny Grows Amid Rising ESG Demands
The increasing significance of environmental, social and governance considerations for businesses has led to a surge in companies overstating their green credentials, according to a report from Watson Farley & Williams LLP.
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August 06, 2025
SEC Pursues UK Man's Assets Over $10M Stock Fraud
The U.S. Securities and Exchange Commission has launched a legal action in England to enforce a $350,000 U.S. court judgment against a man the agency has alleged was involved in a $10 million fraudulent trans-Atlantic microcap stock trading scheme.
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August 06, 2025
Postmaster Sues Post Office, Fujitsu For £4.5M Over Scandal
A former sub-postmaster has sued the Post Office and Fujitsu for almost £4.5 million ($6 million) in the first legal action against the two companies for withholding evidence about bugs in the faulty Horizon IT system that led to hundreds of wrongful convictions.
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August 06, 2025
FCA Targets Greenwashing With Simpler Climate Rules
The Financial Conduct Authority set out plans on Wednesday to simplify sustainability reporting to help reduce greenwashing as it responded to feedback from asset managers, life insurers and pension providers that climate disclosures are too complex.
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August 06, 2025
IP Crime Unit Seizes Fake Football Merch Worth Over £5M
A police unit that tackles intellectual property crime has said it has collared almost 68,000 counterfeit football kits since the start of 2025, preventing sales that would have been worth £5.1 million ($6.8 million) if the items were genuine.
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August 05, 2025
Hyundai, Kia Say Dieselgate Allegations Lack Evidence
Hyundai and Kia have hit back against motorists' claims in the ongoing Dieselgate litigation, arguing in their High Court defense filing that their overall case about the alleged cheating of emissions tests is "vague and lacking in proper particularity."
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August 05, 2025
City Body Urges FCA To Clarify AML Rules For Digital Assets
A City of London trade body has urged the Financial Conduct Authority to clarify in its future regulations for stablecoin issuers how anti-money laundering rules will apply for digital assets.
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August 05, 2025
Companies House To Roll Out Compulsory ID Verification
Companies House said Tuesday that from November this year it will require company directors to verify their identities, the latest move in the registrar's rollout of heightened powers to protect against fraud.
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August 05, 2025
AML Reforms Are Missed Opportunity, Law Society Says
The government's proposed updates to anti-money laundering regulations will do little to ease the compliance burden on law firms and are a "missed opportunity" to cut unnecessary rules, the body representing solicitors said on Tuesday.
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August 05, 2025
FCA Warns Claims Cos. Against Misleading Car Finance Ads
The Financial Conduct Authority has told claims management companies in a letter to review financial advertising for motor finance claims, after seeing misleading redress rates from the sector and law firms.
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August 05, 2025
FCA Issues £46M In Fines For Woodford Fund Failures
The Financial Conduct Authority has provisionally hit Neil Woodford and Woodford Investment Management with fines totaling £46 million ($61 million) for alleged failures in their management of a flagship £3.7 billion fund that led to its high-profile collapse in 2019.
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August 04, 2025
StanChart Can't Withhold Docs In £1.5B Iran Sanctions Case
Standard Chartered on Monday lost a bid to withhold regulatory documents from investors suing the bank for £1.5 billion ($2 billion) for allegedly making untrue or misleading statements about its noncompliance with sanctions.
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August 04, 2025
Solicitor Ignored Red Flags In Property Deals, Tribunal Told
The Solicitors Regulation Authority told a disciplinary tribunal Monday that a lawyer who displayed "manifest incompetence" when he failed to prevent a number of fraudulent or potentially fraudulent property deals should face disciplinary consequences.
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August 04, 2025
Court Freezes Couple's £5M Over Alleged Misuse Of Co. Cash
A London court granted a freezing order Monday worth more than £5.1 million ($6.8 million) against a married couple accused of siphoning funds from a holding company, finding that there is a real risk that they will scatter their assets.
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August 04, 2025
Hogan Exits ENRC Mandate As SFO Case Enters Final Stage
Hogan Lovells International LLP has ended its involvement representing ENRC in the Kazakh miner's long-running litigation against the Serious Fraud Office and Dechert LLP, court records show.
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August 04, 2025
Accountancy Boss Denies Siphoning Funds During Exit Talks
A businessman accused of wrongly extracting at least £850,000 ($1.1 million) from an accountancy has denied this was a conspiracy to harm the firm and claimed he was taking out money he considered at the time that he and his wife were owed.
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August 04, 2025
Solicitors' Firm Blames Dishonest Lawyers For Missing Funds
A law firm has denied misusing the funds of a dead individual's estate, arguing that alleged sham property purchases were carried out without its knowledge by a disbarred barrister and a former director of the outfit.
Expert Analysis
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UK-EU Competition Agreement Signals Rebuilding Of Ties
The European Commission’s recent adoption of proposals to sign the European Union-U.K. competition agreement is a welcome first step toward better policy and enforcement convergence, providing a clearer legal framework for businesses to manage regulatory risk, says Charles Whiddington at Steptoe.
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What To Expect As UK, US Gov'ts Develop Stablecoin Policies
While the U.K. and U.S. governments’ policies both suggest that fiat-backed stablecoins can improve efficiency and safety in payments systems, a perception that crypto-assets remain high risk means consumers are unlikely to use them in significant volume anytime soon, say lawyers at Cadwalader.
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Decoding Arbitral Disputes: UK Injunctions Across Borders
A recent High Court of Justice decision allowing JPMorgan Chase Bank to block VTB Bank from bringing suit in a Russian court provides a seminal reflection on the power of English courts to issue antisuit injunctions when global banking disputes increasingly straddle multiple jurisdictions, says Josep Galvez of 4-5 Gray's Inn.
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7 Reforms To Note Under New UK Data Protection Law
Although the recently enacted Data Use Act’s changes to U.K. law are subtle, its reforms go beyond data protection, including changes that redefine the scope of scientific research and an update that clarifies what constitutes automated decision-making, says James Castro-Edwards at Arnold & Porter.
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How Regulators Want Online Platforms To Fight Finance Fraud
Recent statements from the International Organization of Securities Commissions and the European Securities and Markets Authority make clear that online platform providers are expected to adopt proactive measures to prevent the promotion of unauthorized financial services and related misconduct, say lawyers at Taylor Wessing.
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FCA Notes Industry Criticism But Keeps Transparency Focus
The Financial Conduct Authority’s recently updated enforcement guide finally gives up the "naming and shaming" public interest test, demonstrating that the regulator has recognized the industry's serious concerns while maintaining less contentious aspects of its proposals to improve transparency in investigations, say lawyers at Irwin Mitchell.
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Anticipating A Shift In CMA Merger Control Enforcement
As the Competition and Markets Authority outlines plans to put the U.K. government's growth objectives into action, the changes may well pave the way for a more permissive outlook for review of mergers and acquisitions in the U.K., say lawyers at A&O Shearman.
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Court Backing Of FCA Pensions Ruling Sends Key Message
The Upper Tribunal’s recent upholding of the Financial Conduct Authority's decisions against CFP Management directors serves as a judicial endorsement of the regulator’s approach to defined benefit transfers, underscoring that where the advisory model is fundamentally flawed, the consequences for those in control can be severe, say lawyers at RPC.
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What To Note As UK Adopts OECD Crypto Disclosure Rules
With the U.K.’s recent announcement that it will adopt the Organization for Economic Cooperation and Development's crypto-asset reporting framework, users and providers will benefit from understanding the context surrounding the decision and the framework's intended goal of clamping down on tax evasion, say lawyers at Brown Rudnick.
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Why UK Sanctions Review Recommendations Lack Substance
The recent U.K. cross-government sanctions enforcement review makes welcome but unambitious recommendations, and without increasing funding for sanctions agencies or developing a whistleblower incentivization scheme, it is unlikely to result in tangible support for the sectors that most need it, say lawyers at WilmerHale.
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How UK Law Firms Can Counter Money Laundering Threat
With figures released in May showing that money laundering was the biggest source of fraud in the U.K. last year, law firms should focus on internal identification and prevention strategies, considering the scale and nature of potential risk exposure depends on several business factors, says Niall Hearty at Rahman Ravelli.
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Key Takeaways As EU And UK Impose New Russia Sanctions
The European Union and U.K.’s new sanctions on Russia, designating increasing numbers of non-Russian companies in the defense and shipping sectors, mean that organizations must examine from the outset whether a transaction has any nexus with the EU or the U.K., say lawyers at Sullivan & Cromwell.
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8 Ways Law Firms Can Prepare For SRA's AML Offensive
The Solicitors Regulation Authority’s recent plans to intensify anti-money laundering enforcement means firms need to concentrate on strengthening client matter risk assessments, policies and procedures, source of funds checks and firmwide risk assessments, says Harriet Holmes at Thirdfort.
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How Unfair Practice Rules Boost Consumer Protections
With the consumer protection aspects of the Digital Markets, Competition and Consumers Act now in force, companies must not only ensure their business is not engaged in prohibited practices, but also consider how consumers make decisions to acquire goods and services, say lawyers at Linklaters.
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Fraud Office Guidance Highlights Value Of Self-Reporting
New guidance from the U.K.'s Serious Fraud Office on corporate self-reporting, cooperation and deferred prosecution agreements provides a useful framework for companies navigating criminal investigations and their potential resolutions — and underscores that corporations that self-report are in a better position to obtain DPAs than those that do not, say lawyers at Skadden.