Corporate Crime & Compliance UK

  • July 18, 2025

    Nordic Marketplace Fined $1M For Insider Info Rule Break

    Vend Marketplaces ASA said Friday that the Financial Supervisory Authority of Norway has fined the online marketplace platform 10 million Norwegian krone ($1 million) for "dissemination of insider information."

  • July 17, 2025

    UK Risk Report Flags Persistent Money Laundering Threat

    Money laundering risk for British firms remains high as criminal cash is being generated at over £12 billion ($16.1 billion) a year, with financial and legal services deemed particularly vulnerable, according to the government's National Risk Assessment 2025 released Thursday.

  • July 17, 2025

    Dechert Settles Jordanian Lawyers' UAE Torture Claims

    Dechert and Neil Gerrard, its former head of white collar crime, have settled claims of torture and hacking in a web of litigation spawned from the firm's work for a UAE sovereign wealth fund, a spokesperson for the outfit confirmed Thursday.

  • July 17, 2025

    UK Audit Watchdog Plans Scaled Rules For Small Businesses

    Britain's audit watchdog on Thursday proposed amended guidance for companies auditing smaller businesses amid concerns that industry standards do not reflect the needs of firms with less complex requirements.

  • July 17, 2025

    Lords Vote To Create Duty To Probe Whistleblowers' Concerns

    Employers would be obliged to investigate concerns raised by whistleblowers under an amendment to the Employment Rights Bill put forward by the House of Lords.

  • July 17, 2025

    Two Arrested In Illegal Crypto-ATM Investigation

    Two people have been arrested on suspicion of money laundering and running an illegal cryptocurrency exchange after an operation in which seven crypto-ATMs were seized, the finance industry watchdog said on Thursday.

  • July 16, 2025

    Le Pen Heirs Lose Challenge To €300K Expenses Recovery

    A European Union court on Wednesday rejected an appeal by the daughters of dead French politician Jean-Marie Le Pen, including Marine Le Pen, against an order to pay back €303,000 ($353,000) of misused expenses.

  • July 16, 2025

    Ex-NCA Officer Jailed For Theft Of Bitcoin In Dark Web Case

    An ex-National Crime Agency investigator was sentenced to five years and six months in prison in an English criminal court Wednesday for stealing 50 bitcoin in May 2017 during an investigation into dark web drug dealing, the agency said.

  • July 16, 2025

    ENRC Bids To Overturn $128M Cut From SFO Claim

    ENRC fought at a London appellate court on Wednesday to overturn a decision blocking it from adding approximately $128 million in damages the mining company alleges it suffered from a Serious Fraud Office investigation, arguing that it had applied the incorrect legal principles.

  • July 16, 2025

    Watchdog Warns Of Continued Quality Gap Among Auditors

    Britain's accounting watchdog has said that audit quality continues to improve in the U.K., although it raised concerns about the widening quality gap between the biggest companies and their rivals.

  • July 16, 2025

    Insolvency Service Expands Role To Tackle Economic Crime

    The Insovency Service on Wednesday announced an expansion of its enforcement remit in order to play a more prominent role in the fight against corporate crime.

  • July 16, 2025

    Dubai Bank Wins Document Fraud Claim in £80M Debt Fight

    A judgment that blocked a Dubai bank from recovering £80 million ($107 million) from three members of an Emirati business family was fraudulently obtained with bogus documents, a London court has ruled.

  • July 16, 2025

    Freight Co. Loses Interim Bid To Lift HMRC Export Controls

    A warehouse operator and drinks merchant have lost a bid for interim relief against U.K. tax authority export controls imposed over tax fraud concerns, with a London court ruling they had an "uphill task" to prove the measures were unreasonable.

  • July 16, 2025

    Senior Managers Regime Revamp Risks Letting In Bad Apples

    The City watchdog's planned overhaul of its senior managers regime risks allowing people with records of misconduct to slip into financial firms because of the relaxation of rules on references and criminal checks, according to lawyers.

  • July 16, 2025

    Barclays Fined £42M For Failures In Financial Crime Controls

    The Financial Conduct Authority said Wednesday that it has hit Barclays Bank PLC with fines totaling £42 million ($56 million) for two separate failings in its management of financial crime risk, which could have exposed the bank to criminals laundering money.

  • July 15, 2025

    'Orange King' And Son Say Cartel Claims Are Stale

    The estate and son of Brazil's late "Orange King" argued in a London trial Tuesday that claims by more than 1,400 Brazilian orange farmers over a price-fixing cartel should be halted because they were brought out of time.

  • July 15, 2025

    Fraud Victim Can't Pursue Wealth Manager's Kids

    An ophthalmologist cannot pursue the children of a dead wealth manager for assisting in the dissipation of frozen funds, after a judge ruled Tuesday that there is no evidence that they were aware of their father's $14 million fraud.

  • July 15, 2025

    Lawyer And Accountant Face 2027 Money Laundering Trial

    A solicitor who is a former political candidate and an accountant charged by the National Crime Agency with money laundering are set to face trial in 2027.

  • July 15, 2025

    Court Refuses To Rule Bali Villa Sale Breached Asset Freeze

    A London court said Tuesday that it will not decide whether the wife of a former Russian bank executive had committed contempt of court by selling her villa in Bali 10 days before an asset freeze against her was lifted.

  • July 15, 2025

    UK To Ease Senior Manager Rules Amid Regulatory Overhaul

    The government unveiled a raft of reforms to financial services regulation on Tuesday as it seeks to encourage investment in the economy, a package that includes streamlined rules for senior managers and easier capital requirements for lenders.

  • July 15, 2025

    Property Deals Remain Top Money Laundering Risk, SRA Says

    Property conveyancing is still the biggest money laundering risk in the legal sector, the Solicitors Regulation Authority said Tuesday.

  • July 14, 2025

    UAE Prisoner Voluntarily Drops Suit Against Ex-Dechert GC

    A Jordanian lawyer imprisoned in the United Arab Emirates has permanently dropped a Philadelphia civil suit seeking discovery against Dechert LLP's former general counsel in the U.S. over what the law firm's leadership knew of alleged human rights abuses committed by a former partner.

  • July 14, 2025

    Insurance Co. Accuses Ex-CEO Of Siphoning £19M At Trial

    An insurance company accused its former chief executive and a director at the start of a London trial on Monday of misappropriating millions of pounds by siphoning money from the business for his own financial benefit.

  • July 14, 2025

    Solicitor Sues Law Firm £423K For Misusing Estate Proceeds

    The solicitor for a deceased individual's estate has sued a law firm for £423,000 ($568,000), accusing it of using money from the sale of a house from the estate to carry out sham property purchases.

  • July 14, 2025

    SFO Still Yet To Use Power To Freeze Crypto Wallets

    The Serious Fraud Office has not pursued any crypto wallet freezing or forfeiture orders since their introduction over a year ago, according to an information request disclosed Monday, a month after the government pledged more in funds for the agency to invest in its investigatory capabilities.

Expert Analysis

  • EU Report May Influence Regulation Of Decentralized Finance

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    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

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    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

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    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

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    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

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    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

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    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.

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

  • What To Know As EU Urges Outbound Investment Reviews

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    A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.

  • Competition Act Brings Important UK Merger Control Changes

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    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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