Corporate Crime & Compliance UK

  • July 28, 2025

    EU Says Temu Failing To Prevent Sale Of Illegal Products

    Temu has failed to properly assess the risks of illegal products being sold on its marketplace, including non-compliant baby toys and small electronics, according to preliminary findings from the European Commission published Monday.

  • July 28, 2025

    Citigroup Defends $16M VTB Russian Securities Sale Losses

    Citigroup has denied claims that it caused a VTB Bank subsidiary to lose almost $16 million by taking an irrational approach to liquidating securities after the Russian lender defaulted on a demand for collateral amid market volatility following Vladimir Putin's invasion of Ukraine.

  • July 28, 2025

    UK Man Denies Making Crypto Transfers To Russian Militias

    A British-Russian national who allegedly funded pro-Russian militia groups in occupied eastern Ukraine through bitcoin payments on Monday denied breaching the U.K. sanctions regime.

  • July 28, 2025

    Investment Boss Told To Pay Back £170K From £37M Fraud

    A director of an ethical investment scheme imprisoned for defrauding investors out of £37 million ($50 million) was ordered by a court on Monday to pay back £170,000 or have two years added to his sentence.

  • July 28, 2025

    Allianz Life Hack Attack Exposes Most Clients' Info

    Insurance giant Allianz has said that hackers have stolen personal data from most of its 1.4 million customers in America after cybercriminals hacked into a third-party system used by its U.S. subsidiary.

  • July 28, 2025

    European Reinsurer Fined £1.79M Over Post-Brexit Failings

    The Bank of England's regulatory arm said on Monday that it has fined the London branch of a Luxembourg-based reinsurer £1.79 million ($2.4 million) for failing to have adequate controls in place during Britain's exit from the European Union.

  • July 27, 2025

    Suspected Trading Scam 'Mastermind' Can't Block Extradition

    An Israeli accused of being the "mastermind" behind call centers that allegedly scammed investors out of €14 million ($16 million) by posing as trading platform employees lost a bid on Friday to block his extradition to Germany from the U.K.

  • July 25, 2025

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

    This past week in London has seen the owner of a £6 million ($8 million) mansion once rented by Adele sue real estate consultants Strutt & Parker, Romanian-Australian mining investor Vasile Frank Timis bring a claim against reputation and privacy firm Schillings, and a Chinese businessman bring a legal action against his former lawyer over an alleged £12.5 million mortgage fraud.

  • July 25, 2025

    FCA Fines Former H2O Exec £1M And Bars Him From Industry

    The U.K.'s financial watchdog said Friday that it has banned a former senior executive of asset manager H2O from the financial industry and fined him £1.05 million ($1.41 million) for misleading the regulator about risky investments linked to financier Lars Windhorst.

  • July 25, 2025

    Car Makers Must Reveal Internal Docs In Dieselgate Trial

    Motorists and campaigners won their bid Friday to force car manufacturers to disclose documents and pleadings in the upcoming Dieselgate trial, with the High Court ruling that the public interest in understanding the emissions case outweighs any commercial sensitivity. 

  • July 25, 2025

    Bahraini Bank Worker Loses Whistleblowing Case Over Delay

    A short-lived employee of a Bahraini bank has lost his bid to sue his former employer, as a London tribunal ruled he waited too long to bring his claim he was fired for whistleblowing.

  • July 25, 2025

    Odey's Libel Claim And Sex Assault Case To Have Joint Trial

    Hedge fund manager Crispin Odey's £79 million ($106.2 million) libel claim against the Financial Times will be tried jointly with claims by five women accusing him of sexual abuse, a London judge ruled Friday.

  • July 25, 2025

    AXA Wins £675M Missold PPI Payout Fight With Santander

    AXA has won a £675 million ($907 million) battle with Santander to recover payouts for wrongly sold payment protection insurance as a London court ruled that the Spanish banking giant was liable for "systemic failings" in historical sales of the policy.

  • July 25, 2025

    MoD Official Named As New Companies House CEO

    Senior Ministry of Defence official Andy King has been appointed as chief executive of Britain's official business registrar as it seeks to toughen its stance on financial crime.

  • July 24, 2025

    SportPesa Chair Claims Stake Dilution Was Deliberate Fraud

    The former chair of online betting company SportPesa was the victim of an unlawful scheme to dilute his valuable stake in the company, his lawyer said in closing submissions at a London trial on Thursday.

  • July 24, 2025

    Traders' Win Casts Doubt On Plans For No-Jury Fraud Trials

    Repeated failure by the courts to ensure that two former traders imprisoned for rigging benchmark interest rates were given a fair trial has fueled criticism of radical reforms to roll back jury trials in complex fraud cases to ease pressure on the judicial system.

  • July 24, 2025

    Four Traders Plan Appeals After Justices Quash Convictions

    Four City traders convicted of manipulating benchmark interest rates plan to file new challenges against their verdicts after the U.K. Supreme Court ruled that two former bankers in similar cases failed to receive a fair trial.

  • July 24, 2025

    Fintech Execs Deny Misleading Bank In £4M Fraud Claim

    Defunct fintech startup BrickVest Ltd. and its co-founders have denied allegations brought by a German specialist property lender in a £4.2 million ($5.7 million) London claim that they hid additional investment in the business before its collapse.

  • July 24, 2025

    Amazon To Face £4B Dual Class Actions In UK

    The U.K.'s competition court gave the green light on Thursday to two class actions against Amazon, totaling £4 billion ($5.4 billion), alleging that the e-commerce giant abused its dominant market position to the detriment of retailers and consumers.

  • July 24, 2025

    German Court Convicts 4th In €195M VAT Fraud Scheme

    A fourth person has been convicted in connection with a €195 million ($229.3 million) value-added tax fraud scheme, this time in a German regional court, the European Public Prosecutor's Office said.

  • July 24, 2025

    Audit Watchdog Imposed £14.5M In Fines Last Year

    Britain's audit watchdog said Thursday it levied £14.5 million ($19.6 million) in fines across a 12-month period ending in March that also saw it wrap the majority of its investigations in a more timely way than ever before.

  • July 24, 2025

    NCA Seizes £17M Tied To Suspected Illegal China Trades

    The National Crime Agency revealed Thursday that a Chinese national has agreed to forfeit money and seven London properties worth £16.7 million ($22.6 million) which the agency suspects are the proceeds of criminal securities trading in China.

  • July 24, 2025

    Taylor Vinters Fined For AML Breach Before Mishcon Deal

    The solicitors' watchdog said Thursday that it has fined Taylor Vinters LLP £172,900 ($234,100) for anti-money laundering violations that predate its 2023 merger with Mishcon de Reya LLP.

  • July 24, 2025

    SFO Charges 6 With Fraud Over £75M Pension Investments

    The Serious Fraud Office charged six individuals with fraud and money laundering on Thursday over alleged misrepresentations made to investors who poured £75 million ($101 million) from their pensions into self-storage units.

  • July 23, 2025

    UK Eyes Google, Apple Mandates For App Ranking, Payments

    United Kingdom antitrust authorities on Wednesday formally proposed singling out Apple's and Google's mobile platforms for extra regulatory attention and specific mandates, proposing road maps for the Play Store and App Store that could try to stop the companies from boosting their own apps and commission-based payment systems.

Expert Analysis

  • Updated EU Procedure Streamlines Data Transfer Approval

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    The European Data Protection Board’s updated approval procedure for binding corporate rules for transfers of personal data to non-European Union countries promotes consistency for regulator communications during the application process, and sets expectations for processing timelines, say lawyers at Hogan Lovells.

  • 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.

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