Corporate Crime & Compliance UK

  • March 11, 2025

    AXA Says Santander Was In 'Driving Seat' In £670M PPI Trial

    Insurance giant AXA said at the start of a £670 million ($867 million) London trial Tuesday that Santander should compensate it for what it has paid out dealing with claims for missold payment protection insurance because the Spanish bank's subsidiary was "in the driving seat."

  • March 11, 2025

    EU Council Approves 'Decluttering' Tax Agenda

    The Council of the European Union said Tuesday that it has approved the "decluttering" agenda to simplify tax legislation across the bloc and cut red tape to make the system more competitive.

  • March 11, 2025

    Exec Wins Bid To Challenge Name Disclosure In Bribery Case

    A former executive acquitted of bribery won permission Tuesday to attempt to keep their name out of a judgment detailing a bribery settlement with the Serious Fraud Office after a judge ruled he had an "arguable" case that his privacy rights trumped transparency.

  • March 11, 2025

    Clyde & Co Hires RPC White Collar Quartet

    Clyde & Co. LLP said Tuesday that it has recruited Sam Tate, the former head of white-collar crime at Reynolds Porter Chamberlain LLP, as its global head of regulatory and investigations, along with three other RPC hires.

  • March 11, 2025

    Staley Denies Knowledge Of Epstein's 'Monstrous Activities'

    Jes Staley told a tribunal on Tuesday that he would not have maintained a relationship with Jeffrey Epstein if he had known about the disgraced financier's "monstrous" activities.

  • March 11, 2025

    EU Council Adopts Digital VAT Reform Package

    The Council of the European Union said Tuesday that it has adopted reforms to adapt the EU's value-added tax regime to the digital economy.

  • March 11, 2025

    UK Regulators Seek AI Guidance From Industry

    Britain's financial and data regulators have reached out to U.K. trade bodies and business chief executives for guidance on how to provide regulatory certainty on artificial intelligence.

  • March 11, 2025

    FCA Mulls Customer Redress For Motor Finance Failings

    The Financial Conduct Authority said Tuesday that it would probably launch a redress program for providers of car finance to compensate buyers if a review shows widespread failure to comply with requirements on commissions.

  • March 11, 2025

    Dentons Must Face AML Allegations Again After Tribunal Error

    Dentons must face allegations that it breached money laundering rules for a second time as a London court sent the Solicitors Regulation Authority's case against the firm back to a disciplinary tribunal for reconsideration on Tuesday after finding the tribunal had taken a mistaken approach to the case.

  • March 11, 2025

    Infected Blood School Defeats Ex-Pupils' Group Claim Bid

    A senior High Court judge on Tuesday blocked an application from dozens of former pupils of a school at the center of an infected blood scandal to join together in a single group to seek damages from its trust.

  • March 10, 2025

    BBC Spent £1.3M On Huw Edwards Scandal Fallout

    The British Broadcasting Corp. spent more than £1.3 million ($1.68 million) on legal advice and an internal review spurred by complaints against disgraced presenter Huw Edwards.

  • March 10, 2025

    COVID Loan Abuse Still Behind Over Half Of Director Bans

    More than 650 directors have been disqualified for abusing the COVID-19 financial support scheme in the past 12 months, a U.K. government agency announced Monday in a signal that authorities are still tackling the increasingly distant offenses.

  • March 10, 2025

    Barclays' Jes Staley Was 'Honest' With FCA Over Epstein Ties

    Former Barclays boss Jes Staley has denied attempting to mislead the Financial Conduct Authority about his ties to Jeffrey Epstein, telling a tribunal on Monday that he always maintained they had a "close professional relationship."

  • March 10, 2025

    Addleshaw Wins Bankruptcy Order Against Former LC&F Boss

    Addleshaw Goddard has obtained a bankruptcy order against a former boss of London Capital & Finance after a court ruled he defrauded investors out of £237 million ($306 million) by running the investment company like a Ponzi scheme.

  • March 10, 2025

    German Election Raises Doubts About Pillar 2 From Tax Pros

    The new German government could end up abandoning the international corporate minimum tax agreement known as Pillar Two because of rising competition between the U.S. and Europe, experts told Law360.

  • March 10, 2025

    Accountant Who Missed Fraud Wins Sham Redundancy Case

    A home renovations business must pay a former accountant who failed to spot an employee embezzling more than £13,000 ($17,200) after a tribunal found that the company had no genuine reason to cut her job.

  • March 07, 2025

    £800M Pollution Class Action Against Water Cos. Rejected

    The U.K.'s competition court on Friday threw out an £800 million ($1 billion) proposed class action against several water companies over their alleged failure to report pollution, concluding that the case was excluded by legislation governing the water businesses. 

  • March 07, 2025

    FCA Can Reject Criticism Of Redress For Misselling Scandal

    The Financial Conduct Authority is entitled to "reasonable disagreement" with an official review that criticized its decision to exclude around 10,000 transactions from a compensation scheme for a bank misselling scandal, a court ruled Friday.

  • March 07, 2025

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

    This past week in London has seen an Iranian oil company sued for $95 million, Betfred hit with a lawsuit from a property company and NHS England face a human rights claim brought by a man detained under the Mental Health Act for over 20 years. Here, Law360 looks at these and other new claims in the U.K.

  • March 07, 2025

    Four Men Imprisoned For 43 Yrs For Money Laundering Plot

    Four men involved in a plot to launder £266 million ($343 million) in criminal cash were on Friday sentenced to a total of more than 43 years in prison, in one of the biggest cases of its kind ever prosecuted in England.

  • March 07, 2025

    Barclays Asked Andrew Bailey To Speed Up Staley Probe

    Andrew Bailey testified Friday that Barclays asked him to "expedite" an investigation into its chief executive, Jes Staley, while he was head of the U.K. financial regulator amid concerns about the fallout from the probe into the CEO's relationship with Jeffrey Epstein being made public.

  • March 07, 2025

    Xeinadin Settles £1M Claim Against Ex-Director Over Poaching

    Accountancy group and business adviser Xeinadin has settled its over £1 million ($1.3 million) claim against the former director of an accountancy firm it acquired over allegations he had sought to lure clients and employees to a rival practice after he was ousted from the business.

  • March 07, 2025

    Bulgarians Convicted Of Spying For Russia

    Three Bulgarians in a U.K.- based spy ring that targeted high profile targets in operations across Europe before passing information along to a Russian agent were convicted of spying at a London court on Friday.

  • March 07, 2025

    Ex-Liverpool Mayor And 11 Others Charged With Bribery

    Prosecutors charged on Friday the former mayor of Liverpool and 11 other ex-politicians and business figures with bribery and misconduct in public office over allegations public contracts were improperly awarded over a span of a decade.

  • March 07, 2025

    FCA Awaits Gov't Answer To City Consumer Duty Pushback

    The Financial Conduct Authority is waiting for the government to clarify how much consumers can be exposed to risk in favor of more growth-focused regulation as the watchdog faces push back from the sector against its flagship consumer protection program.

Expert Analysis

  • 10 Ways To Manage AI Risks In Service Contracts

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    With the European Union Artificial Intelligence Act coming into force on Aug. 1 and introducing a new regulatory risk, and with AI technology continuing to develop at pace, parties to services arrangements should employ mechanisms now to build in flexibility and get on the front foot, says James Longster at Travers Smith.

  • What Future May Hold For AI Innovation In UK Under Labour

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    Labour’s recent King's Speech was notable in its absence of discussion of a comprehensive artificial intelligence bill, and while this may indicate to many that the UK is open for business, the party’s approach to cross-sectoral engagement will be critical for shaping Britain's AI landscape in the near term, says Alexander Amato-Cravero at Herbert Smith.

  • Unpacking The New Concept Of 'Trading Misfeasance'

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    In addition to granting one of the largest trading awards since the Insolvency Act was passed in 1986, the High Court recently introduced a novel claim for misfeasant trading in Wright v. Chappell, opening the door to liability for directors, even where insolvent liquidation or administration was not inevitable, say lawyers at Greenberg Traurig.

  • EU WhatsApp Deletion Fine Sends Clear Message

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    The recent European Commission fine of International Flavors & Fragrances — the first for the deletion of social media messages during a dawn raid — although halved as a result of IFF's cooperation, shows the commission's view on obstruction poses a real risk to companies under investigation, says Matthew Hall at McGuireWoods.

  • Key Takeaways From Proposed EU Anticorruption Directive

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    The European Commission's anticorruption proposal, on which the EU Council recently adopted a position, will substantially alter the landscape of corporate compliance and liability across the EU, so companies will need to undertake rigorous revisions of their compliance frameworks to align with the directive's demands, say lawyers at Linklaters.

  • Implications Of EU Network Directive For Data Center Owners

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    With the October implementation deadline of the EU’s new cybersecurity regime under the Network Systems Directive fast approaching, data center owners and operators need to consider compliance steps, and U.K. companies providing services in the EU should take note, say lawyers at Bird & Bird.

  • New EU Guidelines Provide Insights On Global AI Regulation

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    The European Data Protection Supervisor’s first guidelines on artificial intelligence only apply to governmental bodies, but together with the EU AI Act they demonstrate a strong and prescriptive policy, and offer a glimpse into what could be the next phase in world AI regulation, says Kevin Benedicto at Redgrave.

  • Boeing Plea Deal Is A Mixed Bag, Providing Lessons For Cos.

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    The plea deal for conspiracy to defraud regulators that Boeing has tentatively agreed to will, on the one hand, probably help the company avoid further reputational damage, but also demonstrates to companies that deferred prosecution agreements have real teeth, and that noncompliance with DPA terms can be costly, says Edmund Vickers at Red Lion Chambers.

  • Keeping Up With Carbon Capture Policy In The US And EU

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    Recent regulatory moves from the U.S. Environmental Protection Agency and the European Commission in the carbon capture, sequestration and storage space are likely to further encourage the owners and operators of fossil fuel-fired power plants to make decisions on shutdowns or reconfiguration to meet the expanding requirements, say Inosi Nyatta and Silvia Brünjes at Sullivan & Cromwell.

  • How AI Treaty Will Further Global Governance Cooperation

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    The EU’s recently adopted treaty on artificial intelligence represents a significant step toward global cooperation in AI governance in emphasizing human rights obligations, although additional guidance and clarity would be beneficial to minimize varied interpretations at national level, say lawyers at Eversheds Sutherland.

  • EU Investor-State Dispute Transparency Rules: Key Points

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    The European Union's recent vote to embrace greater transparency for investor-state arbitration will make managing newly public information more complex for all parties in a dispute — so it is important for stakeholders to understand the risks and opportunities involved, say Philip Hall, Tara Flores and Charles McKeon at Thorndon Partners.

  • How Regulation Of Tech Providers Is Breaking New Ground

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    The forthcoming EU regulation on digital operational resilience and the U.K. critical third-party regime, by expanding the direct application of financial services regulation to designated technology providers, represent a significant development that is not to be underestimated, say David Berman and Emily Lemaire at Covington.

  • Takeaways From EU's Initial Findings On Apple's App Store

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    A deep dive into the European Commission's recent preliminary findings that Apple's App Store rules are in breach of the Digital Markets Act reveal that enforcement of the EU's Big Tech law might go beyond the literal text of the regulation and more toward the spirit of compliance, say William Dolan and Pratik Agarwal at Rule Garza.

  • Why Trustees Should Take Note Of Charity Code Consultation

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    The Charity Governance Code Steering Group's recently launched governance code consultation is unlikely to result in a radical overhaul, but with the bigger issue being awareness and application by smaller underresourced charities, trustees should engage with the process to help shape the next iteration of this valuable tool, says Chris Priestley at Withers.

  • What EU Net-Zero Act Will Mean For Tech Manufacturers

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    Martin Weitenberg at Eversheds Sutherland discusses the European Council’s recently adopted Net-Zero Industry Act and provides an overview of its main elements relevant for net-zero technology manufacturers, including benchmarks, enhanced permitting procedures and the creation of new institutions.

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