Corporate Crime & Compliance UK

  • June 26, 2025

    Microsoft Can Appeal IP Ruling In £270M Antitrust Case

    The Competition Appeal Tribunal on Thursday allowed Microsoft to challenge the tribunal's jurisdiction over copyright law issues that arose out of a £270 million ($370 million) antitrust claim against the technology titan.

  • June 26, 2025

    Law Firm Settles Crypto Fraud Victim's Negligence Claim

    A boutique investment fraud law firm and a cryptocurrency fraud victim have inked a settlement to end a claim accusing the firm of providing negligent advice to recover £500,000 ($687,600) in stolen funds.

  • June 26, 2025

    BHP Fails To Block Contempt Bid In £36B Dam Disaster Battle

    BHP lost its bid on Thursday to block Brazilian municipalities from bringing criminal contempt proceedings in a £36 billion ($50 billion) case over Brazil's worst environmental disaster, with a London court ruling there were reasonable grounds to argue the mining giant was in contempt.

  • June 26, 2025

    SFO Joins Global Anti-Corruption Alliance To Combat Bribery

    The Serious Fraud Office said Thursday it has joined an international and multi-agency team that investigates major corruption to bolster the U.K.'s ability to fight white collar crime and illicit cross-border finance.

  • June 26, 2025

    Businessman To Stand Trial In Malawi Bribery Case In 2027

    A British businessman accused of making corrupt payments to the former vice-president of Malawi, the country's former solicitor general and other high-ranking officials appeared before a London judge on Thursday to be told he won't stand trial for two years. 

  • June 26, 2025

    SRA Taps FRC Exec To Lead Regulator Past Controversies

    The Solicitors Regulation Authority said Thursday that it has appointed a senior executive from the U.K. accounting watchdog as its new chief executive, as the regulator navigates a turbulent period marked by high-profile scandals and increased scrutiny.

  • June 26, 2025

    Audit Watchdog Sets New Guidance For 'Black Box' AI

    Britain's accounting watchdog warned Thursday in new guidance on using artificial intelligence in audits that the opacity of AI models makes it crucial for firms to document how they are controlled.

  • June 26, 2025

    Staley Fails To Overturn FCA Ban Over Epstein Ties

    Former Barclays boss James "Jes" Staley lost his bid to overturn the Financial Conduct Authority's ban for allegedly lying about his ties to Jeffrey Epstein on Thursday as a London tribunal found he intentionally misled the watchdog's inquiry into their relationship.

  • June 25, 2025

    Class Certified In Suit Over Oil Market's Historic Price Crash

    A Chicago federal judge has certified a class of futures traders who claim Vega Capital London Ltd. and 12 of its traders caused a historic oil crash with an aggressive price manipulation scheme that resulted in oil futures going negative for the first time, saying the plaintiffs have met all the requirements for certification.

  • June 25, 2025

    Sanctioned Co. Director Convicted Of Failing To Give Info

    A sanctioned company director was convicted in a criminal court in London on Wednesday of failing to adequately respond to a request for information by the U.K.'s sanctions agency.

  • June 25, 2025

    Solicitor Hit With £30K Court Bill Over Fake Car Claims

    A solicitor has been handed an eight-month suspended sentence and a £30,874 ($40,871) bill for filing false claims that city potholes in Stoke-on-Trent were damaging cars, following an investigation that uncovered anomalies in his invoices.

  • June 25, 2025

    Ex-Trowers Pro Loses Disability Claim Over SRA Referral

    An employment tribunal has barred a former employee of Trowers & Hamlins LLP from bringing part of a legal claim against the firm after it reported her to the Solicitors Regulation Authority.

  • June 25, 2025

    Businessman Jailed For Laundering £1.9M For Romance Scam

    A businessman who laundered £1.9 million ($2.6 million) in romance scam proceeds through his textiles business has been imprisoned for more than four years, the Crown Prosecution Service said Wednesday.

  • June 25, 2025

    Sweden Fines Diagnostics Co. $1.25M For Market Abuse

    Sweden's financial watchdog has fined a medical diagnostics company 12 million Swedish kronor ($1.25 million) for breaching European Union regulations on market abuse following an investigation into its handling of insider information, the company revealed on Wednesday.

  • June 25, 2025

    Steptoe Chastised For Breaching Russian Sanctions

    The solicitors' regulator has rebuked the U.K. arm of Steptoe International after it breached the terms of its license to act for two clients under the Russian sanctions regime.

  • June 25, 2025

    Funeral Director In Court Charged With Fraud, Theft

    A funeral director appeared at an English criminal court on Wednesday charged with fraud, theft and burial offenses following a police investigation into his business.

  • June 24, 2025

    Irwin Mitchell Can't Ax Pension Fraud Negligence Claim

    A London court on Tuesday denied Irwin Mitchell's bid to scrap a professional negligence suit against a firm it merged with in 2015, but ruled Irwin Mitchell itself is not liable for the advice given to a pensioner in the wake of alleged fraud.

  • June 24, 2025

    Gov't Eyes Clearer AML Rules Under Industrial Strategy

    The U.K. government has laid out plans to introduce "clearer and more proportionate" money laundering regulations in broader plans to boost growth as it dubbed the country's legal sector one of the key drivers.

  • June 24, 2025

    CMA Outlines Potential Fixes For Google Search In UK

    Britain's competition authority on Tuesday proposed applying the country's new digital markets regime to Google's search service and said it is considering potential interventions, including requiring choice screens and setting rules for search rankings.

  • June 24, 2025

    Solicitor Denies Inducing Trust To Invest £5.8m In His Firm

    A solicitor has denied fraudulently inducing a family trust into investing £5.75 million ($7.84 million) into a company he part owned that became insolvent, arguing the trust made its own assessment to become involved in the "low risk" project.

  • June 24, 2025

    Ephgrave Says SFO And DOJ 'Back In Business'

    The director of the Serious Fraud Office said Tuesday that the agency is "back in business" with the U.S. Department of Justice following a policy shift in how the American prosecutor approaches enforcing international bribery and corruption laws.

  • June 24, 2025

    Commercial Fraud Claims Shift To King's Bench, Report Finds

    The King's Bench Division of the High Court, responsible for a broad range of civil matters, has overtaken the specialist Commercial Court as the most popular place to bring commercial fraud cases in England and Wales, according to trend analysis published Tuesday. 

  • June 24, 2025

    Liverpool Conveyancing Firm Shuttered Over Client Accounts

    The Solicitors Regulation Authority said Tuesday that it has shut down a law firm in Liverpool after finding that the firm and its managers failed to comply with rules governing the handling of client money.

  • June 24, 2025

    Law Firm Partner Denies Ignoring Signs Of £7M Client Fraud

    A partner at Portner Law denied dishonestly allowing use of the firm's account to launder money, telling a London trial that he did not register any red flags with a client who was involved in a £7 million ($9.5 million) fraud.

  • June 23, 2025

    IBM Trims UK Whistleblower's Claim Of Mistreatment

    An employment tribunal has ruled that a staffer at IBM U.K. cannot sue its parent company because her work as part of a global team did not make it her secondary employer.  

Expert Analysis

  • 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.

  • New CMA Powers Will Change Consumer Protection Regime

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    The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.

  • What To Note In EU Tech Transfer Agreements Consultation

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    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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