Corporate Crime & Compliance UK

  • May 01, 2025

    Ex-Solicitor Gets Prison For Pocketing £160K In Client Money

    A former solicitor who duped more than 300 clients over three years into paying more than £160,000 ($213,000) into her personal bank account rather than to her firm has been jailed for two-and-a-half years, police have said.

  • May 01, 2025

    Ex-NCA Official Denies Claiming He Was Spy For Top Job

    A former National Crime Agency official pleaded not guilty to fraud charges on Thursday — allegations that he lied about being an intelligence analyst for Britain's spy agency when he applied for a senior position in the U.K.'s maritime security service.

  • April 30, 2025

    Calif. Privacy Agency Inks Cooperation Pact With UK Authority

    The California Privacy Protection Agency has taken its latest step toward boosting its collaboration with data protection authorities around the world, announcing Tuesday that it had reached an agreement with the U.K.'s privacy regulator to compare investigative methods, research into new technologies and other vital tools.

  • April 30, 2025

    Ex-Janus Analyst Insists Cash Was For Father's Business

    A former analyst for asset management company Janus Henderson told jurors that £198,000 ($264,100) in cash — alleged by the Financial Conduct Authority to be dirty money — was for his father's construction business, denying the FCA's accusation.

  • April 30, 2025

    EU Busts $10M VAT Fraud Ring Involving Chinese Imports

    The European Anti-Fraud Office and Polish authorities uncovered a value-added tax fraud ring that exploited European Union rules to dodge over 38.2 million Polish zloty ($10.1 million) in value-added taxes on goods imported from China, they said Wednesday.

  • April 30, 2025

    Cyberattack Forces Co-op Legal Services To Restrict Access

    The Co-operative Group said Wednesday that measures it took to restrict access to key internal systems caused delays within its legal services arm, after the company took action to minimize the threat from an attempted cyberattack.

  • April 30, 2025

    Briton Staves Off S. African Extradition In £36M Bribery Case

    A Briton wanted in South Africa to face charges regarding an alleged £36 million ($48 million) government bribery scandal has successfully challenged his extradition, with a London court ruling Wednesday that the wrong authority had requested the extradition.

  • April 30, 2025

    FCA Says Meta Slacking In The Removal Of Suspect Ads

    The Financial Conduct Authority named Facebook owner Meta on Wednesday as the biggest laggard among the big tech companies in terms of responding to requests to take down material from "finfluencers" about whom the watchdog had issued warnings.

  • April 30, 2025

    HMRC Should Use AI To Boost Services, Report Says

    ​​​​​​HM Revenue & Customs is still not doing enough to improve its services and should prepare to use artificial intelligence to enhance customer service for U.K. taxpayers and increase its productivity, according to a parliamentary report.

  • April 30, 2025

    SFO Arrests 3 In Bribery Probe Tied To Microsoft Center

    The Serious Fraud Office arrested three people on Wednesday in an international bribery investigation into allegations that a British infrastructure company made £3 million ($4 million) in corrupt payments in connection with construction of a data center used by Microsoft. 

  • April 30, 2025

    UK Finance Sector Calls For Cuts To Audit Regulation

    A group of finance and corporate trade bodies urged the government on Wednesday to reduce and simplify regulation of auditors to support U.K. growth.

  • April 30, 2025

    Lender Says Company Owner Gifted Biz To Son To Evade Debt

    A finance provider has sued a businessman for allegedly gifting a company to his son the day after the lender had demanded payment of more than £4.7 million ($6.3 million) under a loan guarantee.

  • April 30, 2025

    Pro Darts Player Hit With 11-Year Ban For Match Fixing

    A professional darts player has been hit with an 11-year competition ban and ordered to pay almost £18,000 ($24,000) after the sport's watchdog found him guilty of fixing a dozen matches.

  • April 30, 2025

    Axiom Ince Execs Deny Fraud Charges Over Firm's Collapse

    Five former senior figures at Axiom Ince denied allegations on Wednesday that they had defrauded clients and covered up their wrongdoing during a regulatory probe into the law firm, which collapsed with a hole of more than £60 million ($80.1 million) in its client accounts.

  • April 30, 2025

    Israeli PI Can Be Extradited Over Alleged Exxon Hacking Plot

     An Israeli private investigator accused of hacking activists to help ExxonMobil undermine climate-change litigation can be extradited to the U.S. after a London judge rejected claims that his prosecution was politically motivated.

  • April 29, 2025

    EU Top Court OKs Polish Property Tax Break For Railway

    The Polish government may grant a property tax exemption to a private railway owner to make part of the railway available to carriers without breaking European Union law on state aid, the EU's top court ruled Tuesday.

  • April 29, 2025

    Gov't Cracks Down On Crime With UK Cryptocurrency Rules

    HM Treasury unveiled new regulations for crypto-exchanges on Tuesday, which it said would protect the growing number of adults who are investing ​in risky assets, while encouraging innovation in the sector.

  • April 29, 2025

    CCRC Execs Defend Roles Amid Criticism Over Failures

    Executives who head the body that investigates miscarriages of justice said Tuesday that they are still the "right people" for the job as they were grilled by MPs over damning findings about the mishandling of historic convictions.

  • April 29, 2025

    Ex-Russells Partner Denies Role In Alleged Share Sale Plot

    Russells Solicitors and a former partner have denied being part of an alleged plot to hide plans for a $40 million takeover of a celebrity intellectual property licensing company to get a former director to sell his shares cheaply.

  • April 29, 2025

    UK Treasury Appoints 4 New FCA Board Members

    HM Treasury said Tuesday it has appointed four new members to the board of the Financial Conduct Authority.

  • April 29, 2025

    FCA Set To Get Enforcement Boost From New Fraud Offense

    The new "failure to prevent" fraud offense that comes into force in September will indirectly boost the Financial Conduct Authority's opportunities for enforcement against corporate senior managers, countering its recent retreat from plans to "name and shame" companies it is investigating, lawyers say. 

  • April 29, 2025

    EU Prosecutors Accuse Audit Body Of Blocking Fraud Probe

    European Union prosecutors have sued the European Court of Auditors for blocking a request for several of the court's members of staff to testify in a criminal investigation launched in the wake of allegations of fraud at the top of the audit institution.

  • April 28, 2025

    UK Seeks Input On Replacing Diverted Profits Tax

    The U.K. government is holding a consultation on plans to replace the country's diverted profits tax by changing corporation tax and transfer pricing rules, HM Revenue & Customs said Monday.

  • April 28, 2025

    UK Targets Fake Immigration Lawyers With £15K Fines

    Fake lawyers fraudulently posing as immigration advisers will face fines of up to £15,000 ($20,100) under new powers to toughen up the U.K.'s asylum system against rogue law firms, the Home Office has said.

  • April 28, 2025

    Construction Bribery Ring Professionals Get 12.5 Yrs In Prison

    A judge sentenced a demolition company chief and three construction site managers to a combined 12-and-a-half years in prison on Monday after the boss was found guilty of giving kickbacks to the managers in exchange for them subcontracting his staff.

Expert Analysis

  • 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.

  • UK Refusal Of US Extradition Request May Set New Standard

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    The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.

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