Corporate Crime & Compliance UK

  • March 18, 2026

    FCA Denies Exerting 'Undue Pressure' During Odey Probe

    A manager at the City watchdog who conducted its supervision of Crispin Odey's hedge fund rejected the financier's allegations that pressure from the watchdog made other executives incapable of fairly disciplining him over allegations of misconduct.

  • March 18, 2026

    HMRC Counters Barclays Bid To Revive £800M Tax Deduction

    Barclays Bank wasn't entitled to treat as a corporate tax deduction £800 million ($1 billion) of £3 billion raised issuing debt instruments in a deal with Qatar and Abu Dhabi, HM Revenue & Customs argued Wednesday, because the bank gave away certain securities as a "sweetener" for the deal.

  • March 17, 2026

    Barclays Defends £800M Deduction For Financial Crisis Debt

    Barclays Bank defended its tax treatment of £3 billion ($4 billion) in debt instruments issued during the financial crisis, telling the U.K. Upper Tribunal on Tuesday that £800 million should be deductible as a debit arising from a loan.

  • March 17, 2026

    Mex Group Faces Losses Probe After Dropping £85M Case

    A London court on Tuesday ordered an inquiry into losses allegedly caused by a worldwide asset freeze obtained by Mex Group against two business executives and a financial services company, after the group abandoned its £85 million ($114 million) proceedings underpinning the freeze.

  • March 17, 2026

    Visa, Mastercard Win Shot At Overturning Fee Liability Ruling

    Visa and Mastercard won their bid for permission to appeal a ruling that found their swipe fee schemes had violated competition rules, with the Competition Appeal Tribunal ruling Tuesday that all the credit card giants' grounds of appeal merit a full hearing.

  • March 17, 2026

    Modi Rejects India Torture Protections In $2B Extradition Case

    Jewelry magnate Nirav Modi argued in a London court on Tuesday that his extradition to India over an alleged $2 billion fraud should be blocked because he would be at risk of torture during interrogation if he was prosecuted there.

  • March 17, 2026

    UK Joins Interpol To Launch New Global Fraud Enforcer

    The U.K. and Interpol launched a new international law enforcement unit on Tuesday in what the government hailed as a first-of-its-kind effort to hunt down organized criminal groups running scam compounds that target consumers.

  • March 17, 2026

    Director Owing £120K Tax Banned For 'Abusive Phoenixism'

    A business adviser who repeatedly set up new firms that left unpaid tax bills has been banned as a director for five years after his consultancy collapsed owing more than £120,000 ($160,000).

  • March 16, 2026

    Brokerage Lacks NY Ties In Pensions' Tax Claims, Judge Says

    A New York federal court threw out claims by three pension plans against a London brokerage firm that, according to the plans, executed fraudulent refund claims for them to the Danish tax authority, finding the brokerage had insufficient ties to New York.

  • March 16, 2026

    MoD Looks To Knock Out Whistleblower's Saudi Bribery Claim

    A London court is due to weigh whether a whistleblower has the right to sue the government and a former Airbus subsidiary for damages starting Tuesday amid allegations that he was sacked and blacklisted for exposing corrupt payments to high-ranking Saudi officials.

  • March 16, 2026

    HMRC Speeds Up Investigations Into Large Businesses

    The U.K.'s tax authority has reduced the length of its tax investigations into large businesses, according to data released Monday, though the backlog of open cases has continued to grow.

  • March 16, 2026

    Chelsea Fined Record £10.75M For Abramovich-Era Payments

    The Premier League fined Chelsea Football Club a record £10.75 million ($14 million) on Monday for breaching financial rules on payments to players and football agents during Roman Abramovich's tenure as owner of the team.

  • March 16, 2026

    Investec Denies £22M Loan Breached Sberbank Sanctions

    Anglo-South African lender Investec Bank PLC has denied that its lending provided funds to PJSC Sberbank in breach of sanctions, while pressing home its claim that two business executives owe it almost £22 million ($29.3 million) under loan agreements.

  • March 16, 2026

    Companies House CEO Apologizes Over Potential Data Leak

    The head of Companies House apologized on Monday over a technical error that went undiscovered for five months which enabled users to see directors' personal details and possibly amend information on businesses.

  • March 16, 2026

    FCA Proposes Major Overhaul Of Redress System

    The Financial Conduct Authority and the Financial Ombudsman Service set out landmark reforms to the U.K. financial services redress system on Monday, in line with a government commitment to introduce new legislation.

  • March 16, 2026

    UK Watchdog Publishes Flexible Governance Reporting Guide

    ​The Financial Reporting Council on Monday urged companies to improve the quality of explanations they provide under U.K. Corporate Governance Code provisions, warning that rigid compliance and boilerplate disclosures risk undermining effective governance.

  • March 16, 2026

    BHP Beats Criminal Contempt Claim In Brazilian Dam Case

    BHP won a bid in a London appeals court on Monday to dodge criminal contempt proceedings over allegations it lodged a case in a Brazilian court to halt claims in England connected with the collapse of a dam. 

  • March 13, 2026

    Amazon Wins Bid To Void €746M Luxembourg Privacy Fine

    A Luxembourg appeals court Friday threw out a €746 million ($854.3 million) fine imposed on Amazon for allegedly violating the European Union's privacy rules through its handling of personal data, finding the country's data protection regulator failed to properly consider two key elements and needed to rethink the penalty.

  • March 13, 2026

    NCA Freezes Apartments Linked To $2B Money Launder Probe

    A London judge on Friday upheld financial restrictions against a woman investigated in connection with a $2 billion money laundering investigation in Singapore after she failed to explain how she bought multimillion-pound properties in the U.K. without an income.

  • March 13, 2026

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

    In London, Estée Lauder accused Jo Malone's founder of intellectual property infringement, the wife of an Iranian businessman linked to a £75 million fraud sued several Iranian oil companies, HSBC sued U.S. property tycoon Michael Fuchs, and Charles Russell Speechlys brought a claim against a United Arab Emirates company it once represented in an international arbitration.

  • March 13, 2026

    Sony Says £2B PlayStation Class Action 'Misconceived'

    Sony hit back at a £2 billion ($2.6 billion) proposed class action claim that it raised prices and suppressed competition by keeping PlayStation console owners "captive" with software and PlayStation Store restrictions, saying Friday that the case was "fundamentally misconceived."

  • March 13, 2026

    HMRC Set To Fully Absorb Valuation Office By April

    The U.K.'s Valuation Office Agency will become fully integrated into HM Revenue & Customs next month, the office said, bringing property valuations into the remit of fiscal administration for the first time in decades ahead of the imposition of a new tax on high-value properties.

  • March 13, 2026

    FCA Bans Former Forex Exec Over AML Breaches, Forgery

    The Financial Conduct Authority said Friday it has banned a former foreign exchange trading company owner from working in financial services for his lack of honesty, introducing an anti-money laundering-related system against compliance advice and forging documents.

  • March 13, 2026

    Allianz Uncovered Record Levels Of Insurance Fraud In 2025

    Allianz UK has said it detected £174 million ($231 million) worth of insurance fraud in 2025 — 10.5% more than in 2024, its previous record year, as criminals changed their tactics.

  • March 12, 2026

    EU Court Told To Send Back JPMorgan, Credit Agricole Fines

    A European Court of Justice advocate general urged the European Union's highest court Thursday to return appeals from Credit Agricole Group and JPMorgan Chase & Co. challenging antitrust fines imposed for manipulating a benchmark interest rate back to a lower court, concluding that court failed to consider enforcer tweaks to the penalties.

Expert Analysis

  • Viral Comms Crises Create Dual Corp. Governance Threats

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    As legislative hearings increase in frequency and social media fuels their reputational impact, corporate legal teams face a new dual challenge that reflects a fundamental shift in accountability and demands new strategies, governance frameworks and organizational capabilities, says Joanna Ludlam at Jenner & Block.

  • How AI May Have Made A Difference In Monzo Bank Breaches

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    Artificial intelligence tools have the capabilities needed to keep pace with increasingly sophisticated threats, and such tools might have helped prevent the anti-money laundering failures that led to the recent £21.1 million fine against Monzo Bank, says Alexander Vilardo at Howard Kennedy.

  • A Softer Tack For Online Ads Marks Next Step In Data Reform

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    While the initiative of the U.K. Information Commissioner's Office to relax enforcement of advertising cookie consent represents a welcome attempt to balance privacy protection and commercial realities, several questions remain that will limit companies' ability to benefit from the U.K. proposals, say lawyers at Skadden.

  • CMA App Store Mandates Fall Short Of Regulatory Ambitions

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    The Competition and Markets Authority's recent proposals to loosen Google and Apple’s mobile platform duopoly are a far cry from the assertive and wide-reaching interventions that advocates of the Digital Markets Unit had hoped to see from the new competition regulator, says Ronan Scanlan at Steptoe.

  • Catching Up On Simplified EU Sustainability Disclosure Rules

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    A recent proposal to streamline implementation of the EU’s Taxonomy Regulation contains measures that would reduce companies’ sustainable investment reporting and compliance requirements, and better support the EU’s climate and environmental goals, say lawyers at Proskauer.

  • Cos. Must Take Action As Corporate Enforcement Evolves

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    The Serious Fraud Office's renewed vigor toward proactive corporate enforcement, as evidenced by its recently affirmed commitment to collaboration with the U.S. on cross-border investigations, means that organizations must solidify their antibribery and corruption frameworks to remain ahead of fast-moving regulatory and legislative initiatives, say lawyers at Weil.

  • UK Reforms Investment Rules, But Clarity Concerns Remain

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    The U.K. government’s recent reforms to the National Security and Investment Act 2021 demonstrate a continuing pragmatic approach by requiring fewer deal filings, but the regime would benefit from more clarity in key areas, say lawyers at McDermott.

  • Fraud Law Puts Fund Managers Under Compliance Spotlight

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    The new failure to prevent fraud offense, effective Sept. 1, may not represent a material departure from most managers’ duties to exercise due care in preventing loss to the assets they manage, but the prospect of criminal liability should sharpen their compliance focus, says Andrew Henderson at Goodwin Procter.

  • CMA Pricing Guide Signals Shift In UK Consumer Protection

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    The Competition and Markets Authority’s recent draft price transparency guide, as part of a wider reform introduced by the Digital Markets, Competition and Consumers Act 2024, represents a significant change in U.K. consumer protection by targeting unfair trading practices and strengthening enforcement mechanisms, says Felicity Forward at Shoosmiths.

  • 8 Compliance Team Strategies To Support Business Agility

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    Amid new regulatory requirements across the globe, compliance functions must design thoughtful guardrails that help business leaders achieve their commercial objectives lawfully — from repurposing existing tools to using technology thoughtfully — instead of defaulting to cumbersome protocols that hinder legitimate business, says Theodore Edelman at GCE Advisors.

  • What To Note From FCA, Gov't Financial Growth Proposals

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    Recent Financial Conduct Authority and government proposals for financial services reform are positive developments for firms, signaling a drive to push forward growth and a willingness to be flexible in areas of regulation that the industry has long raised as barriers, say lawyers at Simmons & Simmons.

  • How Accessibility Act Is Reshaping EU Digital Compliance

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    In adding binding requirements to digital spaces, the recently enacted European Accessibility Act aims to harmonize rules and promote digital inclusion across the EU, a departure from earlier frameworks that relied on voluntary standards for businesses, say lawyers at Greenberg Traurig.

  • Opinion

    Managers' Expanded Corp. Liability Proposal Is Too Vague

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    The Crime and Policing Bill 2025, currently under consideration by the House of Lords, implements a dramatic expansion of managers’ corporate liability in ambiguous provisions that may lead only to cumbersome and unintended consequences for companies, says Vanessa Reid at Corker Binning.

  • What Gov't Report Tells Lawyers About Continuing AML Risks

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    The U.K. government’s recent national money laundering risk assessment maintains conveyancing, company service work and misuse of client accounts as key threats, underscoring that law firms should expect renewed scrutiny and higher expectations in these high-risk areas, says Harriet Holmes at Thirdfort.

  • Russia Sanctions Spotlight: Strengthening Enforcement

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    The Office of Financial Sanctions Implementation’s proposed changes to its enforcement process by increasing monetary penalties, and introducing schemes to encourage cooperation, suggest that businesses should expect an expansion of financial sanctions enforcement, says Alexandra Melia at Steptoe.

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