Corporate Crime & Compliance UK

  • June 18, 2025

    SFO's Growth Push A 'Difficult Line To Tread' For Prosecutor

    The Serious Fraud Office's recent promise to assist UK PLC with growth has raised eyebrows among former officials who question the optics of adopting political talking points that, on the surface, appear to distract from investigating and prosecuting economic crime.

  • June 18, 2025

    Artist Defends 'Fishrot' Apology Spoof As Free Expression

    An Icelandic artist urged a London appellate judge Wednesday to give him a chance to override a decision that he could not successfully defend against a claim from the country's largest seafood company alleging he created a spoof website to publish a false apology over a bribery scandal.

  • June 18, 2025

    EU Firms Warn UK Gov't Not To Ban Ransomware Payments

    A European financial markets trade body on Wednesday warned the U.K.'s Home Office that its proposed ban on paying ransomware demands to criminals could destabilize financial markets and lead to cross-border confusion.

  • June 18, 2025

    EPPO Indicts Pig Farm And Bosses Over €9M Subsidy Fraud

    The European Public Prosecutor's Office has indicted a pig farm and nine employees on charges of committing a €9 million ($10 million) subsidy fraud by allegedly exploiting a scheme to fund welfare improvements.

  • June 17, 2025

    UK Escalates Sanctions On Russian Finance, Energy Sectors

    The U.K. government struck Russian finance, energy and military sectors with 30 new sanctions on Tuesday, ramping up pressure on the country following devastating attacks on Kyiv earlier in the day.

  • June 17, 2025

    Ex-Georgian PM Says Credit Suisse Ignored £600M Fraud

    Georgia's former prime minister told a U.K. appeals court Tuesday that Credit Suisse Life cannot skirt liability for his losses from an employee's fraud scheme, saying the life insurer had obligations to policyholders to ensure their assets were being managed responsibly.

  • June 17, 2025

    Geradin Partners Hires Top Lawyers For German Expansion

    Geradin Partners said Tuesday that it has hired five lawyers from the law firms Hausfeld and Osborne Clarke as it prepares to launch in Germany later this year.

  • June 17, 2025

    SRA Hits Firm With £64K Fine Over AML Lapses

    The Solicitors Regulation Authority has hit a firm with a £64,000 ($86,000) fine after finding it failed to comply with anti-money laundering regulations for around six years.

  • June 17, 2025

    EU Agrees Rules To Firm Up Cross-Border GDPR Enforcement

    European Union co-legislators have agreed new legislation to improve cooperation between national authorities when they enforce data protection rules across borders.

  • June 17, 2025

    Cuban Bank Hit Again With Offshore Fund's €71M Debt Claim

    A Cayman Islands fund has alleged that the former central bank of Cuba owes sovereign debt and interest worth almost €71 million ($82 million) from loans taken in the 1980s, its latest move after a court barred it from suing the Caribbean state itself.

  • June 16, 2025

    Ex-Metro Bank Execs Win Bid To Cut Fines Over Listing Error

    An appellate tribunal on Monday reduced financial penalties for two former Metro Bank executives, confirming the bank breached listing rules when it published misleading financial statements in 2018 but finding the executives were honest with the tribunal about the £900 million ($1.2 billion) reporting scandal.

  • June 16, 2025

    Mozambique Wins Bid To Add Safa Heirs In $1.9B Dispute

    A London judge ruled Monday that Mozambique should be allowed to add the heirs of shipbuilding magnate Iskandar Safa to the government's claim over a bribery scheme as it seeks to enforce a $1.9 billion damages award.

  • June 16, 2025

    Metal Exchange Faces Pushback Over Transparency Plans

    Trade bodies representing financial institutions have warned the London Metal Exchange that its long-term proposals for increasing price transparency could risk it unlawfully abusing its dominant position as price data provider.

  • June 16, 2025

    SFO's Top Accountant Named In King's Birthday Honors List

    Nick Stroud, a top accountant at the Serious Fraud Office, has been recognized with an Order of the British Empire award.

  • June 16, 2025

    VTB Sues JPMorgan Over €17M Asset Sale Amid Sanctions

    VTB has alleged that JPMorgan owes it more than €17.8 million ($21 million) over the American bank's botched handling of a trading account and failing to pay out for assets it sold after the Russian bank was hit with sanctions, widening the legal dispute between the two companies.

  • June 16, 2025

    Trader Says US Extradition For $12M Fraud May Be 'Terminal'

    A British trader wanted in the U.S. for allegedly defrauding investors as part of a $12 million "pump and dump" scheme told a London judge on Monday that his poor health should prevent his extradition on human rights grounds.

  • June 16, 2025

    Credit Suisse Life Fights $607M Liability To Ex-Georgian PM

    The Bermudan life insurance arm of Credit Suisse challenged court findings Monday that it owes $607 million in damages to the former prime minister of Georgia, saying his losses were due to fraudulent activity by an employee of its banking arm.

  • June 16, 2025

    Billionaire Accuses India Of Orchestrating His Kidnap, Torture

    Billionaire Mehul Choksi accused the Indian government in a London court Monday of orchestrating his "appalling and traumatic" kidnapping and torture in the Caribbean to force him to return to India to face allegations of involvement in an $1.8 billion bank fraud.

  • June 13, 2025

    UK Businessman Defends Asset Transfer As Tax Strategy

    A British businessman denied that he transferred a company to his son to defraud a creditor, arguing it was part of a long-term tax strategy rather than a tactic to avoid repaying £4.7 million ($6.4 million) in debt.

  • June 13, 2025

    EU Guides Watchdogs On Digital Outsourcing Upsurge

    The European Union's financial markets regulator has released guidance for national watchdogs on how to regulate firms' expanding outsourcing of activities, driven by digitalization.

  • June 13, 2025

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

    This past week in London has seen Tottenham Hotspur FC kick off against Manchester United co-owner Ineos Automotive following a soured sponsorship deal, Acer and Nokia clash over patents for video coding technology, and two investors reignite litigation against the founders of an AI exercise bike business that unlawfully pocketed $1.2 million in investments to fund their own lifestyles. Here, Law360 looks at these and other new claims in the U.K.

  • June 13, 2025

    Tecnimont Must Disclose Emails In €212M Bond Dispute

    A Russian subsidiary of fertilizer producer EuroChem convinced a court Friday to compel industrial group Tecnimont to produce its communications with the Italian sanctions authority, days after the trial over the €212 million ($245 million) bond dispute kicked off.

  • June 13, 2025

    Tribunal Says Sales Director Fired For Whistleblowing On Data

    An employment tribunal has ruled that a company providing cleaning and security services ended a sales director's probation because he had blown the whistle on possible accounting manipulation, fearing that this would impact its stock market value. 

  • June 13, 2025

    European Banks Seek Changes To 'Unclear' Draft AML Rules

    A trade body for European banks has warned that a European Union banking watchdog's proposed anti-money laundering rules make excessive demands on credit institutions.

  • June 13, 2025

    FCA Sees 'More To Do' In Reshaping Regulation For Growth

    The Financial Conduct Authority responded Friday to parliamentary calls for more growth-oriented regulation, saying that it is exploring new ways to boost Britain's international competitiveness on top of the steps it has already taken.

Expert Analysis

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    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.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    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.

  • Review Of Computer Evidence Use Raises Complex Issues

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    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.

  • How Proposed Private Share Trading System May Benefit Cos.

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    The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.

  • New Bill Introduces Important Whistleblower Protections

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    If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.

  • What To Expect As CAT Considers Mastercard Settlement

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    It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

  • What To Know As EU Urges Outbound Investment Reviews

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    A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.

  • Competition Act Brings Important UK Merger Control Changes

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    Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.

  • How GCs Can Protect Cos. From Geopolitical Headwinds

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    Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.

  • What BT Ruling Will Mean For UK Class Actions

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    The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.

  • Navigating PRA's Data Request For Crypto-Asset Exposure

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    The Prudential Regulation Authority’s recent data request for details on financial institutions' crypto-asset exposures should be used as an opportunity for firms to update their compliance procedures, and consider the future use of crypto-assets and related services, says James Wickes at RPC.

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