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Corporate Crime & Compliance UK
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October 30, 2025
Libyan Fund Fees Were Legit Compensation, Financiers Claim
The former head of a U.K. fund manager and a Swiss banker have denied diverting millions of dollars in improper fees from a Libyan sovereign wealth fund, telling a court on Thursday that any fees they accepted were legitimate compensation for their work.
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October 30, 2025
FCA Investigating 76 Cases Of Non-Financial Misconduct
The Financial Conduct Authority is currently investigating 76 cases of bullying, harassment or discrimination in the financial sector, a senior executive has told a parliamentary committee.
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October 29, 2025
Senior Barrister Disbarred After Admitting Sexual Harassment
A senior criminal barrister was disbarred at a London legal disciplinary tribunal Wednesday after he admitted sexually harassing a junior colleague in 2018.
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October 29, 2025
UK Starts Redress Program For 'Capture' Post Office Scandal
The government launched a new compensation program on Wednesday for postmasters who suffered financial losses as a result of faulty Capture accounting software.
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October 29, 2025
UK To Extend Right-To-Work Checks To Gig Economy
The U.K. government said Wednesday it will stamp out illegal working by extending right-to-work checks to the gig economy for the first time, as part of the Labour Party's plan to get tougher on immigration.
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October 29, 2025
Iraqi Fails To Block Kuwait Extradition Over £243M Fraud
An Iraqi national wanted in Kuwait over an alleged £243 million ($322 million) property fraud has failed to challenge his extradition, as a court found Wednesday that it was the correct move amid strong public interest in the U.K. honoring its international obligations.
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October 29, 2025
Fired Bank of Africa Whistleblower Argues UK Arm Is Liable
The former head of human resources for Bank of Africa argued Wednesday that a London tribunal had rightly held the lender's U.K. arm liable for her firing and mistreatment for whistleblowing, as she fought its appeal against the ruling.
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October 29, 2025
Microsoft Says Retailer's £262M Reselling Claim Is Too Late
Microsoft has hit back at a retailer's £262 million ($347 million) antitrust claim alleging that the tech giant deliberately suppressed sales of aftermarket software licenses, telling a London court that its opponent waited too long to bring the case.
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October 29, 2025
Ikea Oversight Ends After Sexual Harassment Policy Reforms
The U.K.'s human rights watchdog has stopped monitoring Ikea after the Swedish household goods giant improved its sexual harassment policies following its alleged failure to investigate an incident.
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October 29, 2025
UK's AG Blames Old Spy Law For Collapse Of China Case
Prosecutors would have been able to proceed to trial against two men accused of spying for China if Parliament had repealed an "out of date" century-old espionage law sooner, the attorney-general told a parliamentary committee on Wednesday.
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October 29, 2025
Santander Asks UK To Act Over Motor Compensation Program
Santander UK called on the government on Wednesday to intervene in the Financial Conduct Authority's proposed £11 billion ($14.5 billion) car finance compensation scheme, claiming it could harm consumers and the economy.
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October 28, 2025
Finance Pros Accused Of Diverting £14M From Libyan Fund
The former head of a U.K. fund manager and a Swiss banker pocketed millions of dollars in improper fees from a Libyan sovereign wealth fund, prosecutors told a London court on the first day of the trial on Tuesday.
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October 28, 2025
Dubai Trader Says Iran Sanctions Don't Block $16M Payment
A Dubai-based petroleum products trader accused a U.K. broker on Tuesday of wrongly withholding $16.5 million from its cash account due to U.S. sanctions targeting Iran, at the beginning of a London trial.
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October 28, 2025
Salmon Producers Deny Price-Fixing In Tesco Collusion Claim
Salmon producers have denied Tesco's claim that they secretly shared commercially sensitive information on the sales of the fish farmed in Norway to increase prices in England, arguing that exchanges would have been to legitimately negotiate deals in the unpredictable market.
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October 28, 2025
CMA Tightens Leniency Rules For Cartel Whistleblowers
The U.K.'s competition regulator has released fresh guidance for its leniency regime, saying on Tuesday that it matters more than ever that those within a cartel come forward about their involvement before an investigation has started.
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October 28, 2025
Bank Of Africa Fights To Overturn Whistleblower's Win
Bank of Africa sought on Tuesday to overturn a ruling that its former head of human resources was fired for whistleblowing, telling the Employment Appeal Tribunal that a lower court had made findings "it could not have possibly reached."
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October 28, 2025
FCA Drafts Policy On Emergency Short-Selling Powers
The Financial Conduct Authority released a draft policy on Tuesday on how it would use its "emergency powers" to stop or restrict short selling, in a new regime that will anonymize individual major short sellers.
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October 27, 2025
Tom Hayes Slaps UBS With $400M Malicious Prosecution Suit
Former UBS trader Tom Hayes has filed a $400 million suit against his old employer, claiming the company "maliciously" framed him as the "evil mastermind" behind the company's Libor scandal despite the fact that he was explicitly directed to try to influence Libor submissions while at UBS.
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October 27, 2025
Welsh Body Settles HMRC Contractor Tax Probe For £14.6M
An environmental body sponsored by the Welsh government reached a settlement of £14.6 million ($19.5 million) with the U.K. tax authority over its past use of contractors and misclassification of them for tax purposes, according to a statement.
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October 27, 2025
Law Society Tackles Whistleblowing Gaps With New Guidance
The Law Society said Monday that it has built on its existing resources for in-house solicitors facing ethical challenges in their day-to-day practice by introducing new guidance on whistleblowing.
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October 27, 2025
Accounting Firm Denies Liability For Investor's £633K Tax Bill
An accountancy firm has denied an investor's accusations that it was negligent in giving tax planning advice that resulted in him being hit with a £633,000 ($844,217) liability assessment, saying he had failed to distinguish between two tax schemes.
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October 27, 2025
Deutsche Bank Says Conviction Voids Ex-Trader's £12M Claim
Deutsche Bank has denied liability in a £12 million ($16 million) claim from a former trader convicted of tricking market competitors through a "spoofing" scheme, arguing it had no duty to prevent him from suffering loss resulting from committing fraud.
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October 27, 2025
Director Misused Confidential Info To Market Tax Scheme
A London court has ruled that the director of a tax-efficient investment product company misused confidential information by taking features of an accountant's money-saving tax structure to market in breach of a nondisclosure agreement.
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October 27, 2025
Axiom Ince Finance Head Wins £16K For Redundancy
A former Axiom Ince executive has won £16,590 ($22,100) in damages and awards from the collapsed firm for his unfair dismissal, according to a newly-public judgment.
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October 27, 2025
Axiom Ince Manager Loses Case After Tribunal No-Show
A finance manager suing Axiom Ince has lost her claims for unfair dismissal and notice pay after failing to show up at court, as an employment tribunal found that she may have appreciated the limited value of any payout.
Expert Analysis
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Roundup
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.
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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.
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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.
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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.
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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.