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Corporate Crime & Compliance UK
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March 24, 2026
Mike Lynch's Estate Denied Appeal In HP Fraud Case
Mike Lynch's estate has been refused permission to challenge a ruling that the entrepreneur fraudulently misled Hewlett Packard Enterprise over its acquisition of his software company as a court found on Tuesday that no proposed ground of appeal had a prospect of success.
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March 24, 2026
Bank Of London Fined £2M For Misleading Capital Claims
The Bank of England said Tuesday that it has fined Bank of London £2 million ($2.7 million) for failing to act with integrity and misleading the regulator on its capital holdings, which included providing several fabricated documents.
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March 23, 2026
Brexit Donor Loses Appeal Of Inheritance Tax Bill
A political donor's bid to secure an inheritance tax exemption on £1.7 million ($2.2 million) in Brexit campaign donations made as lifetime gifts has been dismissed by a London tribunal.
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March 23, 2026
Pipe Co. Owes £30K For Catch-22 Dismissal Of Injured Staffer
An employment tribunal has ordered a manufacturer of sustainable water and energy systems to pay £30,792 ($41,330) to a warehouse operative, after finding he was wrongly fired over unfounded accusations that he was defrauding insurers to receive sick pay.
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March 23, 2026
PI Says Hacking Confession In Celebs' Mail Claim Was Forged
A private investigator testified Monday that his signature had been forged on a witness statement in which he allegedly confessed to phone hacking, and which underpins privacy claims brought by Prince Harry, Elton John and other public figures against the Daily Mail's publisher.
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March 23, 2026
Four Men Convicted Of Duping Investors Out Of Millions
Four men accused of defrauding investors out of millions of dollars in get-rich-quick schemes have been convicted of fraud and money laundering, prosecutors said Monday.
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March 23, 2026
Modi Owes $10M For Diamond Firm Loans, Bank Of India Says
Bank of India told a London court on Monday that jewelry magnate Nirav Modi has failed to pay it $10.7 million after he guaranteed to cover loans to his diamond company.
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March 23, 2026
FCA Opens Its Data To Palantir In Fraud Crackdown
The Financial Conduct Authority said Monday that it will give Palantir Technologies Inc. access to its regulatory data as part of its efforts to crack down on financial crime by using artificial intelligence as a resource.
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March 20, 2026
Misconduct Reports To FCA Double In Number Since 2020
The number of reports the FCA has received about misconduct by financial services firms has more than doubled in the last five years, law firm Littler has said.
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March 20, 2026
FCA Halts Co.'s Operations Due To Manager's 10-Year Ban
The U.K.'s finance regulator said Friday that it had ordered a consumer credit company to stop operating and to return funds to clients, saying it found that a senior manager at the company had been banned from running a company for a decade.
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March 20, 2026
OneCoin Investors Agree To Lift Financier's Asset Freeze
Investors pursuing litigation over the alleged $4 billion OneCoin cryptocurrency fraud have struck a deal to lift a worldwide freezing order against a British financier.
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March 20, 2026
Cancer Researcher Convicted For Falsifying Invoices
An individual involved in cancer research has been fined and hit with community service order after prosecutors accused them of falsifying invoices to inflate reimbursement claims against the European Union.
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March 20, 2026
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen an ex-professional footballer revive a dispute with Charles Russell Speechlys, Virgin Media face a group data protection claim after hundreds of thousands of customers' personal details were exposed online for months, and Mishcon de Reya sued by a real estate private equity firm founded by a former Morgan Stanley executive.
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March 20, 2026
MFS Faces FCA Probe After Collapse With £1B Debts
The City watchdog said Friday that it has launched an enforcement investigation into Market Financial Solutions Ltd., a U.K. provider of property loans that collapsed in February with debts of more than £1 billion ($1.3 billion).
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March 19, 2026
SRA Chief Targets Risks To Consumers In 2026
The Solicitors Regulation Authority will make operational changes and take a more forward-looking approach to identifying risks to consumers, after acknowledging failings in its performance.
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March 19, 2026
EU Court Advised To Uphold €20M Canned Veg Cartel Fine
A European Union advocate general recommended on Thursday that the bloc's highest court dismiss a challenge from a canned vegetable producer to a €20 million ($23 million) fine for cartel activity, suggesting that the EU's competition enforcer didn't miscalculate the fine.
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March 19, 2026
Speed Up Delivery Of Consolidated Tape, EU Trade Bodies Say
Two leading European trade bodies for financial institutions have called on policymakers to speed up the delivery of the consolidated tape to boost market competitiveness, warning that rules on best execution of trades for retail investors need effective enforcement.
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March 19, 2026
HMRC Proposes Stricter Transaction Reporting For Small Cos.
The U.K.'s tax authority wants to hear from small businesses about plans to require entities to disclose close company transactions such as cash withdrawals to it as part of an effort to reduce tax compliance failures, the agency said Thursday.
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March 19, 2026
PI Loses Bid To Block Extradition To US On Hacking Charges
A private investigator accused of hacking activists on behalf of ExxonMobil to subvert climate change litigation lost his bid on Thursday to overturn a decision to allow his extradition to the U.S. to face trial.
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March 19, 2026
Ex-Battersea Power Station Chief Sues Over Whistleblowing
The former chief executive of Battersea Power Station is suing the Malaysian company that redeveloped the decommissioned site and four executives for allegedly firing him after he blew the whistle on an inflated balance sheet, his lawyers said Thursday.
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March 18, 2026
Greensill Can't Stop Disqualification Case Over Unfair Probe
Lex Greensill failed Wednesday to strike out U.K. government proceedings to disqualify him as a company director, as a London court ruled that a full trial is needed to assess the fairness of the investigation running up to the case.
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March 18, 2026
MFS Owner Hit With Asset Freeze After Mortgage Biz Collapse
The owner of failed U.K. mortgage provider Market Financial Solutions has been hit with a worldwide freezing order, administrators said Wednesday in the wake of fraud allegations following its collapse in February with debts in excess of £1 billion ($1.3 billion).
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March 18, 2026
1st SLAPP Ruling Delivers Symbolic But Limited Landmark
A judge recently found for the first time that a claim met the statutory definition of a strategic lawsuit against public participation, offering a symbolically significant — if limited — test of new powers designed to curb abusive litigation.
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March 18, 2026
MoD Whistleblower's Airbus Corruption Claim Gets Delayed
A whistleblower's claim against the government and an Airbus subsidiary for damages will be delayed after a London judge said Wednesday that the court will not have enough time to determine crucial issues in the case.
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March 18, 2026
Oil Exec Denies Role In €144M Petro Biz Embezzlement Case
An executive has denied that he acted as the shadow director of a Singaporean oil company that says it was the victim of a €143.8 million ($165.6 million) forgery and payment diversion fraud, rejecting claims he could have known about the misappropriation.
Expert Analysis
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EU Act Establishes Data Sharing Rules, But Hurdles Remain
The recently effective European Union Data Act provisions establish harmonized rules to unlock the use of data generated by technology-embedded software, but leave practical challenges that organizations will need to navigate to comply with cross-border requirements, say lawyers at King & Spalding.
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Decoding Arbitral Disputes: Arbitrator's Conviction Upheld
The Supreme Court of Spain recently upheld the criminal conviction of arbitrator Gonzalo Stampa for grave disobedience to judicial authority, rejecting the proposition that an arbitrator's independence can prevail over a court order retroactively disabling the very judicial act conferring arbitral jurisdiction, says Josep Galvez at 4-5 Gray's Inn.
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Reviewing EU Competition Policy 1 Year After Draghi's Report
Implementation of the Mario Draghi report’s proposals to revamp European Union competition policy is currently case-specific, making it less visible, and more needs to be done in the way of merger review and antitrust enforcement, say lawyers at Linklaters.
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5 Ways To Address The Legal Risks Of Employee AI Use
Employees’ use of unauthorized artificial intelligence tools has become a regulatory issue, and in-house legal counsel are best placed to close the gap between governance controls and innovation, mitigating the risk of organizations' exposure to noncompliance with European Union and U.K. data protection requirements, say lawyers at MoFo.
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Opinion
New US-UK Tech Deal Offers Opportunities To Boost Growth
The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.
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What Draft AML Reforms Mean For UK Financial Sector
HM Treasury’s recently published draft regulations amending the U.K. Money Laundering Regulations, although not as material as expected, are a step toward a targeted risk-based approach, which the industry will welcome, say lawyers at Ropes & Gray.
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What Key EU Data Ruling Means For Cross-Border Transfers
The European Union Court of Justice’s recent judgment in European Data Protection Supervisor v. Single Resolution Board takes a recipient-specific approach concerning pseudonymized information, but financial services firms making international transfers should follow the draft EU Data Protection Board guidelines’ current stricter approach, says Nathalie Moreno at Kennedys Law.
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EU-US Data Transfer Ruling Offers Reassurance To Cos.
The European Union General Court’s recent upholding of the EU-U.S. Data Privacy Framework in Latombe v. European Commission, although subject to appeal, provides companies with legal certainty for the first time by allowing the transfer of European Economic Area personal data without relying on alternative mechanisms, say lawyers at Wilson Sonsini.
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Supreme Court Ruling Stands Firm On Trust Law Principles
The U.K. Supreme Court’s recent strict application of trust law in Stevens v. Hotel Portfolio may render it more difficult for lawyers in future cases to make arguments based on a holistic assessment of the facts, says Olivia Retter at Quinn Emanuel.
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FCA's Woodford Fine Sends Warning To Fund Managers
The Financial Conduct Authority’s recent decisions concerning Neil Woodford and the collapse of Woodford Investment Management mark an important moment for the U.K. investment industry, underscoring the regulator's focus on senior managers' personal accountability and the importance of putting investors’ interests at the heart of decision-making, say lawyers at Irwin Mitchell.
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How Data Use Act Tightens Complaint Handling Procedures
Recently effective Data Use Act procedural requirements are coinciding with an artificial intelligence-driven increase in complaints from users about data subject access request responses, so organizations need to formalize their grievance process to prevent intervention by the Information Commissioner's Office and potential penalties, say lawyers at Womble Bond.
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UK Supreme Court Dissent May Spark Sanctions Debate
While the recent U.K. Supreme Court's rejection of Eugene Shvidler’s appeal determined that sanctions decisions are primarily the government’s preserve, Justice Leggatt’s dissenting view that judges are better placed to assess proportionality will cause ripples and may mark a material shift in how future appeals are approached, say lawyers at Seladore.
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What EBA Report Means For Non-EU Financial Firms
In a recent report concerning unregulated third country banks, the European Banking Authority decided not to extend a bank-to-bank exemption under the Capital Requirements Directive, raising a number of compliance issues for cross-border services, say lawyers at A&O Shearman.
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HMRC's Automation Shift Likely To Alter Tax Adviser Role
HM Revenue & Customs’ recently released digital transformation road map promises greater efficiency and a modernized compliance regime, but the increased automation could also mean that the tax adviser role will become more proactive and more defensive, say lawyers at RPC.
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What UK's New Prosecution Guidance Means For Compliance
Recent guidance from the U.K.'s Serious Fraud Office and Crown Prosecution Service, aligning their approach with the Economic Crime and Corporate Transparency Act, offers a timely prompt for corporate boards and legal teams to update their risk management frameworks, say lawyers at Signature Litigation.