Corporate Crime & Compliance UK

  • July 02, 2025

    Hotel Operator Says Ex-Director Stole £800K After Fire Payout

    A hotel operator has alleged that its former director gained unauthorized access to its bank account three years after his resignation and stole almost £800,000 ($1.1 million) after an insurance payout for a fire that destroyed the building.

  • July 02, 2025

    CCRC Chief Resigns Amid Criticism Over Justice Failures

    The head of the body that investigates miscarriages of justice has resigned after 12 years following criticism over damning findings about the mishandling of historic convictions.

  • July 02, 2025

    FCA Extends Bullying, Harassment Misconduct Across Sector

    The Financial Conduct Authority released new rules on Wednesday that extend its regulatory powers to cover "toxic" workplace behavior such as bullying and harassment to non-banking firms.

  • July 02, 2025

    Paralegal Wins £46K After Quitting To Avoid SRA Rules Breach

    A paralegal has won more than £45,000 ($61,000) after a tribunal ruled he was unfairly dismissed by a London law firm, following months in which he felt pressured to work under the supervision of a solicitor banned by the profession's regulator.

  • July 01, 2025

    Creditors Accuse Shipping Biz Of Trying To Evade $309M Debt

    The Norwegian government and three finance companies have sued two Guernsey-based companies and a shipping businessman in a London court, accusing them of fraudulently transferring real estate assets to evade liability for loan defaults.

  • July 01, 2025

    Bank Of Ireland Denies £60M Property Loan Fraud Claim

    Bank of Ireland has denied a £60 million ($83 million) claim that it deceived a real estate investment business into borrowing millions of pounds by giving inflated property evaluations and said the borrower would have taken out the loan anyway because it was such a generous financial package.

  • July 01, 2025

    HMRC Can Collect Tax In Disputed Avoidance Schemes

    A London court ruled that HM Revenue & Customs can collect disputed income tax owed by a group of companies that took part in tax avoidance schemes, even though the authority previously promised to postpone the requests until the disputes were settled.

  • July 01, 2025

    FCA Can Drop £6M Fine In Cum-Ex Case After Danish Pleas

    The Financial Conduct Authority can reverse its decision to fine a cum-ex trader £5.9 million ($8.1 million) to avoid prejudicing Denmark's attempts to claw back the proceeds from an alleged sham trading scheme, a London tribunal has ruled.

  • July 01, 2025

    Traders Banned And Fined For 'Spoofing' Market Manipulation

    A London tribunal has approved fines and bans for three traders totaling £381,000 ($523,000) for market abuse after upholding claims from the Financial Conduct Authority that they dishonestly placed bogus bond orders to manipulate the market.

  • July 01, 2025

    3 Ex-Officials At Letby Hospital Arrested In Baby Deaths Probe

    Three former senior officials at the hospital where convicted child murderer Lucy Letby worked have been arrested on suspicion of gross negligence manslaughter, police said Tuesday.

  • July 01, 2025

    Barclays Car Finance Appeal Must Wait For Top Court Ruling

    Barclays' bid to overturn a ruling by the Financial Ombudsman on motor finance commissions was delayed on Tuesday, as the Court of Appeal adjourned the case to await a high-stakes judgment from the U.K. Supreme Court.

  • July 01, 2025

    British-Russian Man Charged With Paying Bitcoin To Militia

    A British-Russian national alleged to have funded pro-Russian militia groups in occupied eastern Ukraine through bitcoin payments made his first appearance at a London court on Tuesday accused of breaching the U.K. sanctions regime.

  • June 30, 2025

    UK Supreme Court Denies Russia Immunity In $63B Yukos Case

    Russia has been denied permission to challenge an appellate court ruling in Britain dismissing its attempt to use state immunity to block former investors in Yukos Oil Co. from enforcing more than $63 billion in arbitral awards they won nearly 11 years ago, the investors said Monday.

  • June 30, 2025

    HMRC Investigated Avoidance Scheme Enough, Court Rules

    HM Revenue & Customs didn't need to investigate further before determining that nearly 50 consultants owed taxes on income routed through offshore entities on the Isle of Man, the High Court of Justice said in declining to review the British tax authority's decision.

  • June 30, 2025

    UK Backs G7 Deal Excluding US Cos. From Global Min. Tax

    The U.K. government said it supports the Group of 7 countries' deal to exclude U.S. companies from the global minimum tax regime in exchange for the U.S. government dropping its so-called revenge tax.

  • June 30, 2025

    Class Rep Can Bid To Revive £800M Water Pollution Case

    An environmental consultant has won permission to challenge a U.K. antitrust court's decision to toss her proposed £800 million ($1.1 billion) class action against several water companies over their alleged failure to report pollution, her lawyers said Monday.

  • June 30, 2025

    Google, Apple Accused Of Misleading App Age Ratings

    Consumer advocates have filed a complaint against Apple and Google with Britain's competition watchdog, accusing the technology giants of displaying misleading age ratings for games bought in their app stores in breach of data and privacy regulations.

  • June 30, 2025

    EU Watchdog Pushes For Stronger Greenwashing Controls

    The European Union's markets watchdog warned national regulators Monday to supervise better how investment managers disclose sustainability-related factors of funds.

  • June 30, 2025

    FCA's New Enforcement Regime Threatens Firms, Individuals

    The Financial Conduct Authority could damage the reputations of businesses and individuals under investigation in cases that it publicizes anonymously as an unintended consequence of a new enforcement policy, lawyers have warned.

  • June 30, 2025

    CPS Drops Bribery Case Against Oil Entrepreneur Over Errors

    Prosecutors have dropped bribery charges against a Nigerian-born U.S. oil entrepreneur accused of making illegal payments to a banker, admitting at a court hearing in London on Monday to substantial errors in disclosing evidence.

  • June 27, 2025

    How Staley's Legal Bid To Save His Reputation Backfired

    Former Barclays boss James "Jes" Staley's bid to salvage his reputation has backfired in the face of a London tribunal's findings he "lacked credibility" due to the "overwhelming" evidence of his close relationship with convicted sex offender Jeffrey Epstein.

  • June 27, 2025

    FCA Launches Investigation Into John Wood Group

    The U.K.'s financial watchdog said Friday that it has opened a probe into the Scottish multinational engineering consultancy John Wood Group PLC after the company revealed the probe in a statement to markets.

  • June 27, 2025

    Dubai Man Banned From Doing Biz In UK Over £1.1M Tax Debt

    A Dubai-based businessman is banned from directing companies in the U.K. after running up £1.1 million ($1.5 million) in tax debts and unpaid penalties with HM Revenue & Customs, including £400,000 in falsely claimed value-added tax refunds, the government's business authority said.

  • June 27, 2025

    SRA Requests Post Office Files In Horizon IT Scandal Probe

    The English solicitors' watchdog has asked a London court to compel the Post Office to hand over documents to the regulator's investigation into lawyers who worked for the company, following the Horizon IT scandal. 

  • June 27, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen the British Basketball Federation sued by members of the men's professional basketball league for alleged competition breaches, songwriter Coco Star file an intellectual property claim against Universal Music Publishing, and the Solicitors Regulation Authority file a claim against the Post Office amid ongoing investigations into law firms linked to the Horizon IT Scandal. Here, Law360 looks at these and other new claims in the U.K.

Expert Analysis

  • What Cos. Must Note From FCA Bulletin On Leaking M&A Info

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    The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.

  • FCA's Odey Decision Is Wake-Up Call For Financial Firms

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    The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.

  • How Ransomware Payment Reforms Could Affect UK Cos.

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    The Home Office’s recent proposals to ban ransomware payments by publicly owned bodies is a welcome first step in its aims to tackle the cybercrime industry, but the risk remains that hackers will now focus on private companies that are still permitted to pay a ransom, says Dominic Holden at Lawrence Stephens.

  • Key Takeaways From The 2025 Spring Antitrust Meeting

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    Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.

  • Rising To The Task Of Online Safety Act Compliance

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    The arrival of the Online Safety Act’s deadlines for all in-scope services and children’s access in March and April, enabling the Office of Communications to begin enforcing safety duties regarding illegal content, presents formidable compliance challenges for affected businesses, says Louisa Chambers at Travers Smith.

  • Google Win Illustrates Hurdles To Mass Data Privacy Claims

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    The Court of Appeal's December decision in Prismall v. Google, holding each claimant in a mass data privacy suit must demonstrate an individualized and sufficiently serious injury, demonstrates the difficulty of using representative action to collect damages for misused private information, say lawyers at Seladore Legal.

  • What To Know About FCA's UK Listing Rules Proposal

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    A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise.

  • Opinion

    UK Gov't Needs To Take Action To Support Whistleblowing Bill

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    With a proposed Office of the Whistleblower Bill making its way through the U.K. Parliament, whistleblowing is starting to receive the attention it deserves, but the key to unlocking real change is for the government to take ownership of reform proposals and appoint an overarching whistleblowing champion, says Baroness Susan Kramer at the House of Lords.

  • Issues To Watch At ABA's Antitrust Spring Meeting

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    Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.

  • New UK Short Selling Rules Diverge From EU Regs

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    Although forthcoming changes to the U.K.’s short selling regulatory regime represent a welcome relaxation of restrictions and simplification of reporting processes, participants active in both the U.K. and EU markets will need to ensure compliance with two quite different sets of rules, says Ezra Zahabi at Akin.

  • How New EU Product Liability Directive Will Affect Tech And AI

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    While the European Union’s new defective product liability directive, effective from December 2026, primarily provides clarifications rather than significant changes, it reflects the EU's commitment to addressing consumer protection and accountability challenges presented by the digital economy and artificial intelligence, say lawyers at Latham.

  • What Latest FCA Portfolio Letter Means For Payments Firms

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    Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.

  • Court Backlog Could Alter Work Safety Enforcement Priorities

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    While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.

  • New CMA Powers Will Change Consumer Protection Regime

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    The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.

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