Corporate Crime & Compliance UK

  • December 15, 2025

    Art Collector Says £14.5M Picasso Bid Voided By Crime Links

    An art collector's business has hit back at Christie's in a dispute over a Picasso painting owned by a drug trafficker, denying the auction house's accusation that it has unlawfully refused to fulfill its £14.5 million ($19.4 million) bid for the artwork.

  • December 15, 2025

    SFO's London Mining Bribery Trial Vacated For 2nd Time

    A judge agreed on Monday to vacate the upcoming trial in the Serious Fraud Office's prosecution of three individuals in the mining industry for allegedly bribing officials in Sierra Leone, making it possible that the case will not reach jurors before 2027.

  • December 15, 2025

    EY Investigated By FRC Over Audit Of Shell Financial Reports

    The accounting watchdog said Monday that it is investigating EY's audit of Shell PLC's financial statements for 2024 after the Big Four firm disclosed that it might have breached critical ethical standards governing an auditor's independence and rotation of partners.

  • December 12, 2025

    Football Must Tackle Exploitation By 'Criminals, Kleptocrats'

    Football is ripe for exploitation by criminals and the professional game's exposure to illicit finance is deepening, a security think tank said Friday in a report warning that reform and proportionate regulation are now essential.

  • December 12, 2025

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

    This past week in London has seen Shell hit with a climate change claim from 100 survivors of a typhoon in the Philippines, London Stock Exchange-listed Oxford Nanopore bring legal action against its co-founder, and the editors of Pink News sue the BBC for defamation following its investigation into alleged sexual misconduct at the news site.

  • December 12, 2025

    FCA Misconduct Update Still Leaves Firms 'In The Dark'

    Clarity from the Financial Conduct Authority on the limits of its powers to tackle bullying and harassment will come as a relief to professionals — but lawyers have warned that non-banking companies must now join lenders to broaden staff training, revisit conduct policies and strengthen whistleblowing protocols.

  • December 12, 2025

    Carter-Ruck Pro Cleared Over Alleged OneCoin SLAPP

    A disciplinary tribunal on Friday dismissed allegations that a Carter-Ruck partner improperly threatened to sue a whistleblower who exposed the multibillion-dollar OneCoin cryptocurrency scam, ruling that the case against her "was based on hindsight" rather than misconduct.

  • December 12, 2025

    Northampton Town FC Ex-Chair Denies Fraud Over Club Loan

    The former chairman of Northampton Town Football Club and four other men pleaded not guilty in London to fraud charges Friday over allegations that they misled local authorities into loaning millions of pounds for the redevelopment of the team's stadium.

  • December 12, 2025

    FCA Clarifies Guidelines For Non-Financial Misconduct

    The Financial Conduct Authority released widely anticipated final guidance on its rules for non-financial misconduct such as bullying, harassment and violence on Friday, including on how far the measures will apply to private life and social media.

  • December 12, 2025

    Nationwide Fined £44M For Financial Crime Control Failings

    The Financial Conduct Authority said on Friday that it has hit Nationwide Building Society with a £44 million ($58 million) fine over its inadequate financial crime systems and controls, adding that the lender had "failed to get a proper grip."

  • December 11, 2025

    Maire Cos. Face $1B Russian Fine Over EuroChem Arbitration

    Two subsidiaries of Italian technology and engineering company Maire SpA risk a $1 billion fine from a court in Russia unless they drop arbitration proceedings in London against a EuroChem Group AG subsidiary owned by a sanctioned Russian oligarch, the EuroChem subsidiary said.

  • December 11, 2025

    EY Must Release Wirecard Audit Files, Top German Court Says

    Germany's highest civil court largely sided with Wirecard's insolvency administrator on Thursday, finding that the former auditors of the payments company, Ernst & Young, must disclose audit files from the four financial years running up to its collapse.

  • December 11, 2025

    FCA Sets Timescale For Supporting Gov't Growth Strategy

    The Financial Conduct Authority demonstrated its support for the government's growth strategy on Thursday, rolling out a reduced program of regulatory change over the next two years, with initiatives that could lighten the burden on finance companies.

  • December 11, 2025

    Carter-Ruck Pro Says She Was Bound To Defend Crypto Scam

    A Carter-Ruck partner was professionally "bound" to threaten a whistleblower with legal action on behalf of Ruja Ignatova because she did not know that the "Crypto Queen" was actually running a multibillion-dollar scam, the solicitor's counsel told a disciplinary tribunal on Thursday.

  • December 11, 2025

    BoE Promises Gov't Bank Reporting Cost-Cuts For Growth

    The Bank of England has set out plans to support U.K. growth by further simplifying regulatory reporting for banks and seeking to reduce overlap between its rules and the requirements of legislation.

  • December 10, 2025

    Reeves Denies Gov't Authorized UK Budget Leak

    British Chancellor of the Exchequer Rachel Reeves told a parliamentary committee Wednesday that she didn't authorize briefings of policy discussions to the media ahead of the autumn budget statement.

  • December 10, 2025

    Oligarch's Son Loses Claim For €7M Sanctions Compensation

    The son of a Russian oil and gas tycoon failed on Wednesday to secure over €7.5 million ($8.7 million) in compensation from the Council of the European Union over unlawful sanctions imposed against him in the wake of Russia's invasion of Ukraine.

  • December 10, 2025

    British Hacker Gets 2 Years In Prison For $9M Crypto Theft

    A British man was sentenced to more than two years in prison on Wednesday in London for his part in an international hacking group that stole millions of pounds worth of cryptocurrency from an American entrepreneur.

  • December 10, 2025

    EY Probed By FRC Over Unauthorized Auditor Reports

    Britain's accounting regulator said Wednesday it has opened a probe into Ernst & Young LLP over its alleged issuing of unauthorized auditor reports.

  • December 10, 2025

    Final Shipping Companies Settle CAT Cartel Claim For £54M

    Lawyers representing millions of motorists who were allegedly charged inflated delivery prices have agreed a £54 million ($71 million) settlement against the final two vehicle shipping companies left in an opt-out class action before a trial judgment could be published.

  • December 10, 2025

    AML Reforms Could Threaten Legal Privilege, Lawyers Fear

    Most legal professionals in the U.K. fear that a government proposal to make the Financial Conduct Authority the sole supervisor of the professional services industry could threaten the protection of confidential communications in the sector, a survey published Wednesday suggests.

  • December 10, 2025

    Intel Wins €140M Fine Cut But Can't Shake EU Abuse Finding

    A European court ruled in favor of competition enforcers on Wednesday, upholding a ruling of abuse of dominance against Intel Corp. but slashing the fine by €140 million ($163 million).

  • December 09, 2025

    FCA Launches Innovative Data Tool To Fight Financial Crime

    The Financial Conduct Authority said Wednesday it has launched an innovative information service to fight financial crime, with the aim of reducing pension, investment and crypto-asset fraud against consumers.

  • December 09, 2025

    Ex-Entain Execs Say Watchdog Breached Privacy At Trial

    Two former executives at the predecessor of betting giant Entain said at the start of a trial Tuesday that Britain's gambling regulator had published information about them which "should have remained private and confidential" in statements about a regulatory review.

  • December 09, 2025

    COVID Fraud Cost Taxpayers £11B With No Recovery In Sight

    Fraud, waste and error cost U.K. taxpayers £10.9 billion ($14.5 billion) during the COVID-19 pandemic as bogus claims for public funds were approved with few safety measures to prevent abuse, Britain's anti-fraud czar said Tuesday.

Expert Analysis

  • New Anti-Corruption Task Force Bolsters Int'l Collaboration

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    The recent creation of an anti-corruption task force by the U.K., France and Switzerland demonstrates a commitment to tackling bribery within national and international frameworks, and organizations within these jurisdictions’ remit, including U.S. companies operating in Europe, should review their compliance practices to ensure they address diverging requirements, say lawyers at Skadden.

  • FCA's Regulatory Plans Signal Cause For Cautious Optimism

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    The Financial Conduct Authority’s latest strategy document plans for less intrusive supervision, a more open and collaborative approach, and a focus on assertive action where needed, outlining a vision of deepened trust and rebalanced risk that will be welcomed by all those it regulates, says Imogen Makin at WilmerHale.

  • How CMA Is Responding To UK Gov't Pro-Growth Agenda

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    With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes.

  • US Diversity Policies Present Challenges To UK And EU Cos.

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    Following President Donald Trump’s recent executive orders calling for increased scrutiny of diversity, equity and inclusion initiatives, it is clear that global businesses operating in the U.K. and European Union will need to understand regional nuances to successfully navigate differing agendas on either side of the Atlantic, say lawyers at Jenner & Block.

  • Updated EU Procedure Streamlines Data Transfer Approval

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    The European Data Protection Board’s updated approval procedure for binding corporate rules for transfers of personal data to non-European Union countries promotes consistency for regulator communications during the application process, and sets expectations for processing timelines, say lawyers at Hogan Lovells.

  • What Cos. Must Note From FCA Bulletin On Leaking M&A Info

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    The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.

  • FCA's Odey Decision Is Wake-Up Call For Financial Firms

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    The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.

  • How Ransomware Payment Reforms Could Affect UK Cos.

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    The Home Office’s recent proposals to ban ransomware payments by publicly owned bodies is a welcome first step in its aims to tackle the cybercrime industry, but the risk remains that hackers will now focus on private companies that are still permitted to pay a ransom, says Dominic Holden at Lawrence Stephens.

  • Key Takeaways From The 2025 Spring Antitrust Meeting

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    Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.

  • 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.

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