Corporate Crime & Compliance UK

  • November 14, 2025

    Billionaire Used Spy To Extract Privileged Info From Solicitor

    Mexican billionaire Ricardo Salinas Pliego used a private intelligence agent to dupe a law firm partner into divulging privileged and confidential information about a man Salinas claims defrauded him out of more than $415 million, a London court has found.

  • November 14, 2025

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

    This past week in London has seen Freeths face a professional negligence claim from a Scottish car dealership, Rolls-Royce sue logistics giant Kuehne + Nagel, and a team of Oberon Investments Group investment managers sued by their former employer.  

  • November 14, 2025

    VietJet Avoids Criminal Contempt Claim In Aircraft Dispute

    A subsidiary of an international private investment company cannot pursue a Vietnamese budget airline for contempt of court, after the Court of Appeal held Friday the airline cannot be criminally liable for conduct not prohibited by an injunction protecting the company's aircraft.

  • November 14, 2025

    EU Court Upholds Sanctions On Relative Of Syria's Assad

    A second cousin of former Syrian president Bashar al-Assad has lost a bid to lift sanctions against him as the European Union's top court rejected his argument that the bloc's decision to sanction him on the grounds of his family connection was unfair.

  • November 14, 2025

    EU To Boost Cooperation Among Enforcers To Fight Tax Fraud

    The European Union pledged on Friday to bolster its fight against massive tax fraud that costs approximately €89 billion ($103 billion) across the bloc each year by rolling out a plan to deepen cross-border cooperation.

  • November 14, 2025

    How Mishcon Helped Uncover £5.6B Money Laundering Plot

    Law360 examines here how a suspicious activity report raised by Mishcon de Reya about a client's attempted transactions served as the catalyst for one of the biggest cryptocurrency seizures in British history.

  • November 14, 2025

    Denmark Has Until Dec. 12 To Appeal £1.4B Cum-Ex Defeat

    Denmark has 28 days to try to revive its £1.4 billion ($1.8 billion) case over a tax fraud allegedly orchestrated by convicted hedge fund trader Sanjay Shah, a judge said Friday as he gave full reasons for refusing permission to appeal.

  • November 14, 2025

    BHP Found Liable In £36B Brazil Dam Collapse Case

    BHP can be held liable in a £36 billion ($47 billion) claim for the collapse of a dam in Brazil that triggered the country's worst environmental crisis, a High Court judge ruled Friday, handing a major win to lawyers representing more than 640,000 individuals.

  • November 13, 2025

    Trump To Pardon UK Billionaire Lewis For Insider Trading

    President Donald Trump has agreed to pardon 88-year-old British billionaire Joseph Lewis, who was sentenced to three years of probation for feeding nonpublic stock tips to his girlfriend and private-jet pilots.

  • November 13, 2025

    Carter-Ruck Test Case Could Redefine SRA's Privilege Rights

    The Solicitors Regulation Authority is facing an unprecedented court challenge from Carter-Ruck to its power to force law firms to hand over privileged documents, a case that could embolden clients to refuse consent far more frequently and force legislative reform.

  • November 13, 2025

    Fed Frees SocGen, ICBC From 2018 Enforcement Orders

    The Federal Reserve said Thursday it has lifted a pair of 2018 consent orders against Société Générale SA and Industrial and Commercial Bank of China, ending long-running enforcement actions tied to alleged sanctions violations at the former and alleged anti-money-laundering deficiencies at the latter.

  • November 13, 2025

    Businessman Too Late To Challenge £5M Tax Evasion Penalty

    A businessman's attempt to challenge a civil value-added tax evasion penalty of almost £5 million ($6.6 million) was refused because it was launched in breach of the time limit for appeals, a London tribunal ruled.

  • November 13, 2025

    Red Bull Faces EU Probe Over Market Abuse Allegations

    The European Commission said Thursday that it had opened an antitrust probe into Red Bull GmbH, saying the energy drink giant may have abused its dominance over the market by trying to stop competing drinks from being sold at retailers.

  • November 13, 2025

    VTB Says OFSI Destroyed Its £188M UK Unit Recovery

    Russia's VTB Bank argued at a London court Thursday that the U.K.'s sanctions authority had wrongly attempted to block it from recovering anything from the administration of its British subsidiary, arguing that it should have been given a chance to make its case.

  • November 13, 2025

    Shein Wins Stay On £5.8M Tax Fraud Case Pending Arbitration

    Fashion retailer Shein won a bid on Thursday to stay a £5.8 million ($7.7 million) tax fraud case brought by a U.K. customs clearance company, ahead of arbitration proceedings in which Shein is fighting to recover £1.5 million.

  • November 13, 2025

    Solicitor General Hails SFO's 'Innovative' First Wealth Order

    The Solicitor General for England and Wales praised the Serious Fraud Office on Thursday for its first use of an unexplained wealth order to seize £1.1 million ($1.44 million), adding that the government plans to invest millions of pounds to expand the agency.

  • November 13, 2025

    Ex-Reed Smith Lawyer Faces SDT Over Claims He Misled Firm

    A former associate at Reed Smith LLP in the Middle East has been referred to a disciplinary tribunal after he allegedly submitted misleading information to the firm, the Solicitors Regulation Authority has said.

  • November 12, 2025

    UK Banker Bonus Changes Could Boost Treasury Coffers

    The U.K.'s relaxation of bonus rules for bankers may result in a tax windfall for HM Treasury along with what financial advisers expect to be a rise in the use of certain investment planning strategies, particularly those used to fund startups.

  • November 12, 2025

    HMRC Hikes Business Fees For Supervising AML Compliance

    The U.K. tax authority disclosed Wednesday that it will be increasing the fees it charges businesses to cover the cost of supervising them for compliance with anti-money laundering and terrorist financing regulations.

  • November 12, 2025

    Tech Exec Denies Lying About CEO's Links To Russia

    A former executive at a technology company has denied spreading defamatory lies about its chief executive's alleged ties to Russian intelligence, telling a London court that his remarks were both true and in the public interest.

  • November 12, 2025

    UK Proposes New Cybersecurity Laws To Guard Vital Services

    The government revealed Wednesday that it will table a battery of new laws to beef up the country's cyber-security defenses for essential public services like healthcare, drinking water, transport and energy.

  • November 12, 2025

    FCA Oversight Spells Tougher AML Scrutiny For Law Firms

    The Financial Conduct Authority's new powers to police lawyers and other professionals could place law firms under a heightened supervisory regime similar to that of banks and other high-risk financial institutions, experts say.

  • November 12, 2025

    HMRC Charges London Gallery With Russia Sanctions Breach

    Britain's revenue authority accused the London branch of an international art gallery and a logistics company on Wednesday of breaching criminal sanctions that prevent the export of luxury goods to Russia by providing a contemporary art painting to a Russian collector.

  • November 11, 2025

    Ibori's Bid To Overturn £101M Confiscation Order Narrowed

    A former Nigerian governor convicted of money laundering in London can only partially challenge a £101.5 million ($134 million) confiscation order, as an appellate judge said Tuesday that his attempt to adjourn the proceedings "smacks very much of ambush."

  • November 11, 2025

    Criminal Law Must Reform To Retain Talent, Leveson Warns

    Retired judge Brian Leveson told the Justice Committee on Tuesday that criminal law must become more attractive for legal professionals if it is to retain the talent and experience needed within the justice system.

Expert Analysis

  • 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.

  • 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.

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