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Corporate Crime & Compliance UK
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September 29, 2025
EuroChem Can Appeal €212M Bond Ruling Over EU Sanctions
A London court granted EuroChem permission on Monday to appeal against a ruling that Société Générale and Dutch lender ING rightly refused to pay out on €212 million ($249 million) worth of bonds to the agricultural chemicals company's Russian subsidiary.
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September 29, 2025
EU Council Reinstates Sanctions Over Iran's Nuclear Activities
The European Union said on Monday that it will reimpose sanctions on Iran, following the lead of the United Nations, which brought back restrictions over concerns that the Middle Eastern country had breached a commitment to halt its nuclear weapons development.
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September 29, 2025
Most Investors Fear Greenwashing In ESG Investments
A financial services trade body said Monday it has discovered that most private investors are concerned about greenwashing in investments and even more prioritize performance over sustainability.
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September 29, 2025
Facebook Users Bid To Expand £2.3B Data Claim Against Meta
A class representative for millions of U.K. consumers sought on Monday to expand a £2.3 billion ($3.1 billion) case against Meta for allegedly exploiting their data by adding a new category of damages over what Facebook should have paid for their personal information.
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September 29, 2025
Demoted SFO Investigator Was Not Team Player, Boss Claims
A Serious Fraud Office manager told a London tribunal on Monday that he recommended against renewing a senior investigator's temporary promotion because he was not a team player, not because the investigator voiced concerns about being told not to criticize cases.
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September 26, 2025
SFO Gears Up For Fight Over Ex-Petrobras Exec Cash Seizure
The Serious Fraud Office will fight on Monday to hold on to its largest-ever seizure of cash as part of the first-ever legal challenge contesting the agency's powers to confiscate allegedly tainted money.
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September 26, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Sanjeev Gupta’s Liberty OneSteel sue its collapsed former lender Greensill Capital, television personality Janice Dickinson hit ITV with a personal injury claim after falling over while appearing on “I’m a Celeb …”, and energy investor Blasket bring fresh litigation against Spain amid a row over a $416 million arbitration award. Here, Law360 looks at these and other new claims in the U.K.
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September 26, 2025
UK-Bermuda Target Sanctions Evasion With £300K New Funds
The U.K.'s minister of state for the overseas territories has pledged up to £300,000 ($402,000) this financial year to bolster the sanctions capacity of Bermuda, a self-governing territory that has so far frozen over $200 million in assets.
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September 26, 2025
SFO Fights To Secure £1M From Solicitor Convicted Of Fraud
A former solicitor serving a 14-year prison sentence for siphoning off investors' money through a fraudulent offshore "get-rich-quick" legal aid scheme is potentially facing a further five-year sentence for failing to pay back over £1 million ($1.3 million) to victims, court heard Friday.
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September 26, 2025
Digital ID Plan Welcome But 'Unlikely' To Curb Illegal Work
Lawyers questioned on Friday whether the U.K. government's plan to introduce a digital identification scheme to combat illegal working will make much of a difference — but a leading business group has said the proposal could simplify hiring and prevent fraud.
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September 26, 2025
Ex-Reform UK Wales Head Cops To Russia Bribery Charges
The former leader of Reform UK in Wales pleaded guilty to bribery charges at a London court on Friday over allegations that he received corrupt payments in exchange for supporting Russian causes in speeches when he was a member of the European Parliament.
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September 26, 2025
Litigation Conduct Ruling Sparks 'Major Fear' For Lawyers
A recent High Court decision that unqualified employees of law firms are prohibited from conducting litigation has caused "major fear" among lawyers and created uncertainty about firms' profitability, the training of new talent, access to justice and even the use of artificial intelligence in legal practice.
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September 25, 2025
Big Banks Beat Yearslong Libor-Rigging Claims In NY
A New York federal judge Thursday disposed of the remaining claims in long-running multidistrict litigation accusing Bank of America, Merrill Lynch and more than a dozen other large banks of Libor manipulation.
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September 25, 2025
Carter-Ruck Pro Tried To Stifle OneCoin Critics, SRA Says
A Carter-Ruck partner threatened to sue whistleblowers exposing the multibillion-dollar OneCoin crypto-scam to send "a strong PR message" and stifle criticism, according to recently disclosed court documents detailing a decision by the Solicitors Regulation Authority to prosecute her.
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September 25, 2025
European Commission Probing SAP Over Software Support
European enforcers have opened an investigation into concerns that German software giant SAP restricts the market for maintenance and support services for the company's business management software.
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September 25, 2025
Ruhan Fights Allegations Of Fraud In Hotel Liquidation Case
Property mogul Andrew Ruhan has hit back against a claim made by the liquidators of a hotel company, arguing that he never conspired with a long-time friend to keep his assets out of the hands of creditors.
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September 25, 2025
Nicolas Sarkozy Sentenced to 5 Yrs In Gaddafi Funding Case
Former president of France Nicolas Sarkozy was sentenced to five years imprisonment in a tribunal in Paris on Thursday, after it found him guilty of conspiracy in a trial over the alleged criminal financing of his 2007 election campaign by Muammar Gaddafi's Libyan government.
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September 25, 2025
Court Delays Soar As Backlogs Break Records
The backlog of criminal court cases in England and Wales reached a record of nearly 440,000 between April and June, as new cases continued to outpace final decisions and the justice system remained strained by chronic underfunding.
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September 25, 2025
EU Leans On 11 Countries To Implement New AML Rules
The European Commission said Thursday that it is taking the first step toward legal action against 11 European Union countries over their failure to meet a deadline to start implementing new anti-money laundering rules.
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September 25, 2025
Nuvei Cites FTC Probe Cost In Defense To Withheld Payments
Two financial technology companies have denied that they wrongly withheld €1.3 million ($1.5 million) and 20.9 million Japanese Yen ($140,000) from an e-commerce platform, alleging that they are entitled to do so pending an ongoing U.S. Federal Trade Commission investigation.
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September 25, 2025
Co-Op Reveals Cyberattack Wiped Out £206M In Revenue
The Co-operative Group reported Thursday that it took a £206 million ($276 million) hit to its revenue in 2025 after a cyberattack forced it to restrict access to major internal systems within its legal services arm to minimize the threat.
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September 25, 2025
Fladgate Says Founders Of Claims Biz Pocketed Tax Refunds
Fladgate LLP has told a London court that the founders of a claims management company swindled tax credits linked to the firm's work on group litigation involving property search companies.
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September 24, 2025
SEC Gets $7M Default Insider Trading Win Against UK Trader
A Manhattan federal judge on Wednesday ordered a British-Lebanese trader to pay over $7.7 million, stemming from the U.S. Securities and Exchange Commission's insider trading allegations, months after the defendant avoided extradition from the U.K. on parallel criminal charges.
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September 24, 2025
Decaying Buildings Contribute To UK Court Case Logjam
Rundown court buildings riddled with asbestos, mold and maggots are among the factors causing a mounting backlog of cases in England and Wales and reflects chronic underfunding, the Law Society warned in a report published Thursday.
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September 24, 2025
Execs Breached Danish Deal In $2B Tax Case, Court Says
Three men claiming to be pension plan executives who struck a civil settlement with the Danish taxing authority over their role in a $2 billion tax fraud scheme breached their settlement agreement, a New York federal court found, saying the men had not paid back the amount they promised.
Expert Analysis
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Updated EU Procedure Streamlines Data Transfer Approval
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.
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What Cos. Must Note From FCA Bulletin On Leaking M&A Info
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.
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FCA's Odey Decision Is Wake-Up Call For Financial Firms
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.
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How Ransomware Payment Reforms Could Affect UK Cos.
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.
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Key Takeaways From The 2025 Spring Antitrust Meeting
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.
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Rising To The Task Of Online Safety Act Compliance
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.
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Google Win Illustrates Hurdles To Mass Data Privacy Claims
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.
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What To Know About FCA's UK Listing Rules Proposal
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.
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Opinion
UK Gov't Needs To Take Action To Support Whistleblowing Bill
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.
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Issues To Watch At ABA's Antitrust Spring Meeting
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.
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New UK Short Selling Rules Diverge From EU Regs
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.
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How New EU Product Liability Directive Will Affect Tech And AI
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.
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What Latest FCA Portfolio Letter Means For Payments Firms
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.
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ECB Guide Targets Harmonized Cyber Testing Approach
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.
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Court Backlog Could Alter Work Safety Enforcement Priorities
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.