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Corporate Crime & Compliance UK
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December 19, 2025
Man Jailed For 28 Months Over Fake Stolen Lego Claims
A man based in South Yorkshire has been jailed for 28 months for making a string of fraudulent insurance claims, the financial crime police unit said this week, including over allegedly stolen high-value Lego sets that were later found by police on display in his house.
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December 19, 2025
FCA's AML Role May Overburden Barristers, Bar Council Says
The Bar Council has warned that making the Financial Conduct Authority the sole anti-money laundering watchdog for professional services firms could disproportionally hit barristers with more regulation and costs, calling on the government to tread carefully with any proposed increase in the financial regulator's powers.
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December 19, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the designer of an 88-facet diamond bring a copyright claim against a luxury watch retailer, collapsed firm Axiom Ince bring legal action against the solicitors' watchdog, and the Post Office hit with compensation claims from two former branch managers over their wrongful convictions during the Horizon information technology scandal.
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December 19, 2025
FCA Probes WH Smith Over North America Profits Error
The Financial Conduct Authority revealed Friday that it has started an investigation into WH Smith PLC over potential breaches of transparency rules following an independent review that found the retailer's North American division had overstated profit by as much as £50 million ($67 million).
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December 19, 2025
Men Banned For 23 Years Over £14M Overdraft Scheme
Two former business associates who channeled £13.9 million ($18.6 million) through company accounts using unauthorized overdrafts have been disqualified from serving as company directors for a combined total of 23 years, the Insolvency Service has said.
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December 19, 2025
VTB Loses Bid To Recover £205M Amid UK Unit's Insolvency
A London court ruled Friday that there is nothing unlawful about the U.K. amending a sanctions license that would block VTB Bank of Russia from recovering approximately £205 million ($274 million) in debts through the administration of its British subsidiary.
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December 19, 2025
The Biggest Financial Crime Cases Of 2025
The U.K. Supreme Court's overturning of the convictions of two traders imprisoned for rate rigging, the first use by the anti-fraud agency of a rare legal power to recover criminal cash and the first ever conviction for sanctions breaches are among the big corporate crime cases of 2025.
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December 19, 2025
JD Sports Settles Sexual Harassment Claim For £65K
High Street giant JD Sports has agreed to pay £65,000 ($87,000) to a former sales assistant who was slapped on the bottom by her male supervisor.
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December 19, 2025
Banks To Set Own Limit For Contactless Payments In March
U.K. banks and payment firms will have greater freedom to set their own contactless payment limits from March, reflecting evolving consumer habits, technology and inflation, the Financial Conduct Authority said Friday.
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December 18, 2025
Michelle Mone-Linked Biz Wound Up After £122M Judgment
A London court on Thursday wound up a medical equipment company linked to Conservative peer Michelle Mone, just over two months after it was ordered to repay the government £122 million ($163 million) for supplying unsafe surgical gowns during the COVID-19 pandemic.
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December 18, 2025
Denmark Files To Appeal £1.4B Cum-Ex Fraud Case Defeat
Denmark has launched its effort to revive its £1.4 billion ($1.8 billion) case over a tax fraud allegedly orchestrated by convicted hedge fund trader Sanjay Shah, according to court filings seen by Law360 Thursday.
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December 18, 2025
HMRC Wins Burden Of Proof Query In £54M Tax Fraud Case
A London appeals court ruled Thursday that HM Revenue & Customs doesn't bear the burden of proof in its tax liability claim against a British businessman it alleges used a company to commit alcohol smuggling and tax evasion of over £54 million ($72.2 million), plus penalties.
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December 18, 2025
EuroChem Can't Ax Order To End Tecnimont Russian Litigation
EuroChem failed on Thursday to overturn an order for it to end legal proceedings in Russia brought against Italian industrial group Tecnimont SpA — including a judgment award worth more than $2 billion — in breach of an English arbitration agreement.
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December 18, 2025
Meet The Lawyers Tapped To Defend In Entain Bribery Case
Eleven gambling managers and employees, including former top executives at Ladbrokes and Coral owner Entain PLC, have enlisted veteran defense counsel and some of the country's most experienced trial solicitors and barristers to defend themselves against the Crown Prosecution Service's bribery and fraud charges.
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December 18, 2025
SFO Can Seize £928K From Ex-Adviser Over Legal Fund Fraud
The Serious Fraud Office got the go-ahead on Thursday to seize almost £1 million ($1.3 million) from a former financial adviser convicted of siphoning £5.8 million in covert commission payments from a legal financing fund.
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December 18, 2025
Fox Williams Hires Apple Compliance Chief
Fox Williams LLP said Thursday that it has recruited a senior lawyer at Apple to boost its financial services and financial technology capability.
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December 18, 2025
Justices Dismiss 'Weak' £2.7B FX Claim Against Major Banks
The U.K. Supreme Court held Thursday that the merits of a £2.7 billion ($3.6 billion) opt-out collective action against major banks over alleged foreign exchange-rigging are "weak" and that the case should not have been allowed to continue.
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December 17, 2025
Ex-Goldman Banker Can't Dodge Ghana Bribery Charges
A New York federal judge on Wednesday shot down a former Goldman Sachs banker's bid to escape charges over a purported scheme to bribe Ghanaian officials to greenlight a power plant deal, rejecting defense claims of improper sealing and speedy trial violations.
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December 17, 2025
Former Postmistresses Sue Post Office Over IT Scandal
Two former subpostmistresses have sued the Post Office Ltd. for compensation over their wrongful convictions during the Horizon information technology scandal.
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December 17, 2025
Trio Face 2028 Trial In Director Disqualification Order Case
Three people heard at a London court Wednesday that they will have to wait until 2028 to stand trial for charges of working together to breach court orders for one of them not to act as a company director.
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December 17, 2025
BHP Hit With £189M Legal Costs Bill Over Dam Collapse Case
Lawyers for more than 640,000 individuals argued at court Wednesday that BHP should pay out £189 million ($254 million) of their legal costs after the mining giant was found liable for a dam collapse that triggered Brazil's worst environmental disaster.
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December 17, 2025
UK Demands Abramovich Give £2.5B To Ukraine Or Risk Court
The government said Wednesday that Russian billionaire Roman Abramovich must transfer more than £2.5 billion ($3.3 billion) from the 2022 sale of Chelsea Football Club to fund humanitarian efforts in Ukraine, or it will pursue legal action.
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December 17, 2025
Financiers Sentenced To 11 Years Over Libyan Fund Fraud
A former U.K. fund manager and a Swiss banker were sentenced to a collective 11 years' imprisonment in their absence at a London court on Wednesday for diverting millions of dollars in improper fees from a Libyan sovereign wealth fund.
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December 17, 2025
Funds Dropping ESG Labels Amid EU Greenwashing Review
The European Union's financial markets regulator said Wednesday its new naming guidelines governing how investment funds use environmental, social and governance, and sustainability-related language are curbing greenwashing and improving transparency in the financial sector.
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December 17, 2025
UK Watchdog Hands Gov't Plan To Tackle Payments Crime
The Financial Conduct Authority told the Treasury in a letter published Wednesday that it is investing more in intelligence and data to disrupt those committing and enabling crime in the payments sector.
Expert Analysis
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What New Int'l Treaty Means For Global AI Regulation
Lawyers at Bird & Bird consider how global artificial intelligence regulation will be affected by the first international AI treaty recently signed by the U.S., EU and U.K., as well as its implications for business and several issues that stakeholders should be aware of.
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Factors Driving EU Competition Policy For The Next 5 Years
Teresa Ribera Rodríguez’s recent nomination as the new European Union commissioner for competition prompts questions about policy and enforcement, with goals to enhance competition in business, implement stronger and faster enforcement, and promote and fund decarbonization likely in her sights during a five-year term, say lawyers at Linklaters.
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2 Highlights From Labour's Notable Employment Rights Bill
The Labour government’s recently unveiled Employment Rights Bill marks the start of a generational shift in U.K. employment law, and its updates to unfair dismissal rights and restrictions on fire-and-rehire tactics are of particular note, say lawyers at Covington.
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How Energy Scheme Is Affecting Large Co. Fund Investment
The latest phase of the Department of Energy and Climate Change's Energy Savings Opportunity Scheme implicates funds with investments in large companies by establishing significant and complex changes to the reporting cycle for mandatory assessments, say lawyers at Macfarlanes.
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How Companies House Enforcement Powers Are Growing
Companies House's recently increased ability to assess what material is submitted to the U.K. register of companies, and to proportionately enforce where violations have occurred, may require some degree of cultural shift within many companies, say lawyers at Greenberg Traurig.
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How New Sanctions Office Will Affect UK Trade Landscape
The recent launch of the Office of Trade Sanctions Implementation will help to create a more comprehensive civil enforcement terrain, but the potential for multiple investigations means businesses should reassess their systems to ensure they do not inadvertently incur civil liability, says Julia Pearce at Robertson Pugh.
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FCA Savings Update Focuses On Good Customer Outcomes
The Financial Conduct Authority’s recent cash savings update emphasizes its expectations of firms to deliver fair value to consumers by documenting the rationale for actions at each stage, considering customer communications and demonstrating that potential harms are acted upon, say Matt Handfield, Charlotte Rendle and Caroline Hunter-Yeats at Simmons & Simmons.
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Opinion
Why The UK Gov't Should Commit To An Anti-SLAPP Law
Recent libel cases against journalists demonstrate how the English court system can be potentially misused through strategic lawsuits against public participation, underscoring the need for a robust statutory mechanism for early dismissal of unmeritorious claims, says Nadia Tymkiw at RPC.
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5 Takeaways From UK Justices' Arbitration Jurisdiction Ruling
The U.K. Supreme Court's recent judgment in UniCredit Bank v. RusChemAlliance, upholding an injunction against a lawsuit that attempted to shift arbitration away from a contractually designated venue, provides helpful guidance on when such injunctions may be available, say attorneys at Fladgate.
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FCA's Broad Proposals Aim To Protect Customer Funds
The Financial Conduct Authority’s proposed changes to payments firms’ safeguarding requirements, with enhanced recordkeeping and fund segregation, seek to bolster existing regulatory provisions, but by introducing a statutory trust concept to cover customers’ assets, represent a set of onerous rules, says Matt Hancock at Greenberg Traurig.
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Complying With Growing EU Supply Chain Mandates
A significant volume of recent European Union legislative developments demonstrate a focus on supply chain transparency, so organizations must remain vigilant about potential human rights and environmental abuses in their supply chain and make a plan to mitigate compliance risks, say lawyers at Weil.
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Takeaways From Upcoming Payment Fraud Delay Legislation
Lawyers at Hogan Lovells discuss what to know about new legislation that will allow payment service providers to delay payments when third-party fraud is suspected, and share pointers for providers to consider ahead of the Oct. 30 effective date.
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What New EU Packaging Regulation Will Mean For Companies
The forthcoming Packaging and Packaging Waste Regulation aims to regulate the entire life cycle of products from design to end-of-life waste, and will present particularly challenging deadlines for organizations, especially regarding recyclability and substances of concern, say Marcus Navin-Jones and Ward Overlaet at Crowell & Moring.
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Modernizing UK Trade Settlement Standard: The Road Ahead
Andrew Tsang and Tom Bacon at BCLP consider the rationale and challenges of a potential U.K. trade settlement acceleration, part of an initiative to modernize the financial market infrastructure, and suggest that incorporating distributed ledger technology as a synchronized recording system would facilitate the move.
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ICO Reprimand Highlights Importance Of Cookie Use Consent
The Information Commissioner's Office's recent reprimand of Bonne Terre's unlawful use of online advertising cookies confirms that companies using third-party tracking technologies are considered data controllers responsible for ensuring compliance, say Nessa Khandaker and Lynn Parker Dupree at Finnegan.