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Corporate Crime & Compliance UK
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November 28, 2025
Gupta Denies Hiding $600M Nickel Fraud From Trafigura
A businessman told the High Court on Friday that he did not attempt to hide the true contents of metal sold to Trafigura in an alleged $600 million nickel fraud, arguing that the trading firm could have inspected the shipments at any time without his involvement.
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November 27, 2025
Former Top Prosecutors Back Judge-Only Fraud Trials
Radical reforms dispensing with jury trials for complex fraud and many other criminal cases may be the only way to stop the justice system from collapsing under its own weight, former chief prosecutors have told Law360.
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November 27, 2025
Osborne Pro Fights To Reverse SDT's Zahawi SLAPPs Ruling
An Osborne Clarke partner urged a court on Thursday to overturn a ruling by a disciplinary tribunal that he had wrongly attempted to prevent a tax policy journalist from disclosing that he was being threatened with a defamation claim by former chancellor Nadhim Zahawi.
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November 27, 2025
Barrister Says Hacker's Negligence Claims Are Baseless
A barrister has denied claims that he negligently gave advice to a former chief technology officer who was found guilty of hacking a previous employer, arguing that the cyberattacker's arguments were simply bad law and weren't going to succeed.
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November 27, 2025
Payment Providers Face Liability Under New EU Fraud Rules
The council and parliament of the European Union agreed on Thursday that payment service providers will be held liable if they do not use modern and improved methods for preventing the sector from facilitating fraud.
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November 27, 2025
Trader Hid Fraud As Nickel Prices Soared, Trafigura Says
A metals trader denied allegations on Thursday that he tried to cover up his alleged nickel fraud against Trafigura when prices shot up in 2022, repeating his accusation that the commodities supplier knew it was trading in sham metal and was in on the scheme.
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November 27, 2025
SRA Issues Scams Alert As Solicitors' Firm Hit By Fraud
The Solicitors Regulation Authority has issued a warning after scammers used a law firm's name and credentials to set up a fraudulent website offering help with bringing claims over housing disrepair.
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November 27, 2025
Insolvency Service Gets Extra £25M To Tackle Rogue Directors
The Insolvency Service has described its additional £25 million ($33 million) in government funding over the next five years as a welcome boost to its bid to weed out rogue directors in Britain.
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November 26, 2025
SFO Expands Guidance On Corporate Compliance Evaluation
The Serious Fraud Office on Wednesday updated guidance for scenarios in which it may need to evaluate an organization's compliance programs, expanding on how it weighs whether a prosecution is in the public interest or if it should consider a deferred prosecution agreement.
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November 26, 2025
Fugitive Forfeits £765K Over Halifax Mortgage Fraud
A London court on Wednesday ordered the confiscation of more than £765,000 ($1 million) from a fugitive convicted of mortgage fraud who had lied about the finances of his business to secure a loan from Halifax PLC.
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November 26, 2025
UK Launches Reward Program For Tax Fraud Whistleblowers
The U.K. government launched a reward program on Wednesday for whistleblowers who report large-scale tax fraud to HM Revenue and Customs, offering informants significant payouts if investigators can claw back sizable amounts of tax.
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November 26, 2025
London Court Nixes Bid To Halt UniCredit's Russian Arbitration
A London court has rejected an attempt by a fashion retail outlet owner to block UniCredit from continuing arbitration proceedings in Russia aimed at taking some of its roughly €42 million ($49 million) property portfolio.
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November 26, 2025
FCA Charges 2 With Insider Dealing Linked To Takeover
The Financial Conduct Authority said Wednesday that it has started criminal proceedings against two men for allegedly making £70,000 ($93,000) from insider dealing linked to the £969 million takeover of a former property investment trust listed in London.
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November 26, 2025
Betting Biz SportPesa Defeats Fraudulent Stake Dilution Case
Online betting company SportPesa has defeated a claim brought by its former chair, as a judge found that there was no evidence of an unlawful scheme to dilute his valuable stake in the company.
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November 26, 2025
Trafigura Nickel Trader Planned $600M Fraud, Gupta Testifies
Metals trader Prateek Gupta on Wednesday denied defrauding Trafigura out of $600 million in a nickel scam, saying during cross-examination that the alleged fraud was instigated by Trafigura and that he was merely "following instructions."
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November 26, 2025
Barrister Disbarred For Misleading Client In Fees Scheme
A tribunal has ordered a barrister to be disbarred after it found that he had deceived a client into paying fees for legal work to a bank account in his name, the Bar Standards Board said Tuesday.
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November 25, 2025
4 Things To Watch As UK Releases Budget
The U.K.'s Labour government is set to release an autumn budget Wednesday that faces a test of balancing a pledge not to raise working people's taxes with an expected need to boost revenue to meet fiscal rules. Here are four things to watch for as the budget is issued.
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November 25, 2025
FCA Engages With WH Smith After North America Profits Error
The Financial Conduct Authority revealed Tuesday that it is speaking with WH Smith after an independent review by Deloitte found that the company's North American division made an accounting blunder that overstated profits by as much as £50 million ($65.4 million).
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November 25, 2025
NCA Files Claim Against Withers, Tycoon Over £50M Trust
The National Crime Agency has filed a High Court claim against a politician and tycoon and a subsidiary of Withers amid a dispute over his £50 million ($66 million) London property portfolio, which is held in trust by the law firm.
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November 25, 2025
Waste Co. Must Pay Fired Worker With Whistleblowing Claim
A waste management company cannot overturn an order to continue paying one of its drivers, as an employment tribunal ruled it is likely he will win his claim that he was fired for raising health and safety concerns.
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November 25, 2025
MPs Call For Expansion Of State Reinsurer To Cyberthreats
The government should extend the scope of the U.K.'s £2.2 trillion ($2.9 trillion) terrorism reinsurer to cover emerging cyberthreats, lawmakers have said, amid growing concerns about a risk to the economy of a major attack on IT infrastructure.
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November 25, 2025
Kuwait Pension Chief's Kids Fail To Escape $1B Bribery Case
The children of a Kuwaiti pension authority director lost on Tuesday their bid to escape a case the organization has brought over an alleged $1 billion bribery scheme orchestrated by their father, who died in 2022.
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November 25, 2025
FCA Cancels Insurance Biz's License Over Compliance Issues
The Financial Conduct Authority has said it has prevented a company that sells insurance policies for dental and breast implants from conducting any regulated activities because it failed to pay fees it owed to the watchdog.
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November 24, 2025
$18B Spain Claim Was Nixed Over Investment Issue
The international tribunal that threw out an $18 billion claim brought by a group of Filipinos who accused Spain of stymying their efforts to enforce a $14.9 billion arbitral award against Malaysia concluded that the claimants had not made a protected investment, according to a newly public award.
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November 24, 2025
Credit Suisse Denies Role In Tech Exec's Alleged Stock Theft
Credit Suisse has urged a New York federal judge to let it out of a lawsuit by an Aeva Technologies co-founder who claims the banking giant provided "institutional cover" to conspirators who allegedly stole tens of millions of dollars, arguing that it also fell victim to the scam.
Expert Analysis
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What To Note In EU Tech Transfer Agreements Consultation
Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.
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UK Refusal Of US Extradition Request May Set New Standard
The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.
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Insights On ESMA's Alternative Investment Fund Consultation
Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.
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How UK Supreme Court May Assess Russia Sanctions Cases
In two recent U.K. Supreme Court cases challenging the U.K. Russia sanctions regime, the forthcoming judgments are likely to focus on proportionality and European Convention on Human Rights compatibility, and will undoubtedly influence how future challenges are shaped, says Leigh Crestohl at Zaiwalla.
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Practice Leader Insights
This year, 42 leaders of employment, intellectual property, insurance and transactions practice groups shared thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area.
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How EU Digital Act Could Shape UK Technology Disputes
Noncompliance with the recently effective European Union Digital Operational Resilience Act will add layers of complexity to disputes and litigation for U.K.-based firms servicing EU entities, but international standards may serve as a bridge between jurisdictional and contractual misalignments, says Siobhan Forster at Alvarez & Marsal.
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Key Findings From EU Report On Antitrust Remedies
Although the European Commission’s recent report assessing the effectiveness of its antitrust policy on behavioral remedies is not binding, it may influence future cases and promote coherence, providing useful insights for national competition authorities and courts when considering remedies in their own jurisdictions, say lawyers at Paul Weiss.
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How Foreign Cos. Should Prep For New UK Fraud Law
As the U.K. prepares to hold companies criminally liable for failing to prevent fraudulent acts of their associates, U.S. and global companies should review their compliance measures against the broad language of this new offense, which could permit prosecution of acts committed entirely abroad, say attorneys at Latham & Watkins.
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Opinion
EU's AI Code Of Practice Creates Risk Of Regulatory Clashes
The second draft of the European Commission's Artificial Intelligence Code of Practice significantly expands beyond the European Union's existing legal framework for AI — especially around copyright protection, public transparency and reporting obligations — and risks interfering with other EU laws by introducing requirements contrary to existing regulations, say lawyers at MoFo.
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Ruling In SFO Case Shows How Contract Rules Apply To DPAs
The Court of Appeal’s recent decision upholding the Serious Fraud Office's first-ever attempt to enforce an expired deferred prosecution agreement illustrates that the courts' approach to DPAs is governed by the rules of contract, and that the intention of the parties at the time of agreement is critical to contract interpretation, say lawyers at Simmons & Simmons.
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What To Know About Compliance As EU AI Act Takes Effect
Raj Shah at Mishcon de Reya explains how recently effective provisions of the European Union Artificial Intelligence Act, which concern prohibited AI practices and AI literacy, will affect both providers and users of AI systems, and suggests steps that companies can take now to plug any compliance gaps.
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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.
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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.
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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.
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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.