Corporate Crime & Compliance UK

  • April 03, 2025

    Trump Must Pay £626K Legal Costs In Steele Dossier Case

    President Donald Trump was ordered by a London judge Thursday to pay about £626,000 ($820,000) to cover the legal costs for the defense of the authors of the infamous "Steele dossier" against his data protection claim, which was thrown out of court last year.

  • April 03, 2025

    FCA Pleads For Quick Motor Finance Decision From Top Court

    The U.K. financial regulator urged Britain's highest court Thursday to deliver its decision on motor finance commissions "as soon as possible" so that hundreds of thousands of open complaints can be dealt with in an "orderly, consistent and efficient way."

  • April 03, 2025

    Russian Politician's Family Hid Sanction Breaches, Court Told

    A former Russian politician appointed by President Vladimir Putin and his family conspired to hide his presence and financial transactions in the U.K. because they "understood perfectly well" that he was sanctioned, prosecutors said in the closing stages of a London criminal trial Thursday.

  • April 03, 2025

    Gowling, Police Team Up To Recoup Fraud Victims' Assets

    City of London Police said Thursday that it has teamed up with international law firm Gowling WLG to support victims of fraud through a civil asset recovery program.

  • April 03, 2025

    Ephgrave Eyes Covert Tactics To Fix Drop In Self-Reporting

    The Serious Fraud Office wants to know why fewer companies are reporting suspected fraud and corruption and plans to invest in "covert" intelligence-gathering to get the inside scoop on businesses, the agency's director said Thursday.

  • April 03, 2025

    GP Surgery Must Rehire Clinician Fired After Whistleblowing

    A National Health Service doctors' surgery must reinstate a clinician who lost her job soon after she blew the whistle on the surgery for offering some services without authorization, a tribunal has ruled.

  • April 02, 2025

    Ex-Metro Bank CFO Followed Legal Advice Over £900M Error

    Metro Bank PLC's former chief financial officer, David Arden, said at a London tribunal Wednesday that he had followed legal advice when preparing to publish a market announcement at the center of a £900 million ($1.1 billion) reporting scandal, arguing he and the bank's former chief executive officer should not face "career-ending allegations" for doing so.

  • April 02, 2025

    Consumers Tell UK Justices Car Dealers Owe Transparency

    Consumers bringing a test case on motor finance commissions told the U.K. Supreme Court in a hearing Wednesday that car dealers arranging financing for the purchase of vehicles were acting as "classic" credit brokers and owed a duty to act in borrowers' best interest.

  • April 02, 2025

    Law Firms Urged To Turn Up Client Wealth Scrutiny

    Solicitors in England and Wales must demand credible explanations for clients' wealth, or risk the public seeing firms as enablers of "kleptocracy, state capture and grand corruption," a charity task force warned Wednesday.

  • April 02, 2025

    Top UK Court Says Arraignment Failure Won't Void Conviction

    Britain's top court on Wednesday reinstated the conviction of a man who was found guilty of murder for a second time after a retrial, ruling that convictions should not be overturned because of a procedural failure to conduct a second arraignment.

  • April 02, 2025

    Enablers In The Spotlight As First Al-Fayed Claims Emerge

    Employers that allow sexual misconduct to go unpunished in the workplace are increasingly likely to be held liable, lawyers warn, as five women who worked for the late billionaire Mohamed Al-Fayed launch claims against his estate.

  • April 02, 2025

    Class Rep Says Appeal Court Entitled To Allow £2.7B FX Claim

    A class representative said Wednesday that the Court of Appeal was entitled to allow a £2.7 billion ($3.5 billion) foreign exchange claim to go ahead as an opt-out class action, arguing Britain's specialist competition tribunal was wrong to effectively end the proceedings.

  • April 02, 2025

    Experian Completes $350M Deal For Brazil Biz ClearSale

    Multinational Experian PLC said Wednesday it has completed its acquisition of Brazil-based ClearSale SA in a $350 million deal that the credit reference agency said will broaden its offering to include transaction fraud detection in account opening.

  • April 02, 2025

    Ankle Tag Maker Sues Sacked CEO Over Ties To Shareholders

    A company which makes technology for monitoring people remotely has brought legal action against its ousted chief executive, alleging that she lied about her interest in the company's shareholders and stole funds from the business.

  • April 02, 2025

    Funeral Director Charged With Fraud Over Care For The Dead

    Prosecutors have charged a funeral director in northern England with fraud and false representation as part of a major investigation into the way the remains of dozens of the recently deceased were cared for and managed.

  • April 02, 2025

    'Snow White' Email Shows Staley's Ties To Epstein, FCA Says

    The inability of former Barclays boss Jes Staley to remember "now infamous" emails with Jeffrey Epstein undermines his credibility and his attempts to overturn his ban for lying about his ties to the sex offender, the Financial Conduct Authority said Wednesday.

  • April 02, 2025

    Former Wyelands Director Fined £72K For Risky 'Failings'

    The Bank of England's regulatory arm said Wednesday that it has fined George Hambro, a former non-executive director of Wyelands Bank PLC, £72,000 ($93,000) for failings that threatened the safety of the now-inactive lender.

  • April 02, 2025

    Deutsche Bank Units Fined €25M In 'Greenwashing' Case

    Two subsidiaries of Deutsche Bank AG have been fined a total of €25 million ($27 million) for failing to fulfill environmental, social and governance promises in promotional materials for investment products, the Frankfurt Prosecutor's Office said Wednesday.

  • April 01, 2025

    Celtic Football Club Settles Sex Abuse Cases For £1M-Plus

    Celtic Football Club has agreed to settle numerous sexual abuse claims brought by former members of the club's boys team for a seven-figure sum, the law firm representing the claimants announced Tuesday.

  • April 01, 2025

    DWF Avoids Doc Request In Health Data Breach Claim

    DWF Law LLP dodged an order in court Tuesday to hand over documents to three people who allege that the law firm unlawfully shared their health data, after a London judge concluded that the request was merely a fishing expedition.

  • April 01, 2025

    Major Banks Appeal To Block Class In £2.7B Forex Case

    A group of major banks accused the Court of Appeal on Tuesday of circumventing Britain's specialist competition tribunal when it allowed a £2.7 billion ($3.5 billion) foreign exchange claim to go ahead against them as an opt-out class action.

  • April 01, 2025

    Motor Finance Ruling Was 'Egregious Error,' Lenders Say

    Motor finance firms urged the U.K. Supreme Court on Tuesday to overturn findings that car dealers owed a legal duty to act in the interests of their customers, as a landmark hearing that could determine the size of compensation bills begins.

  • April 01, 2025

    Ex-SFO Bribery Chief Rappo Exits Reed Smith After 21 Months

    A former joint head of the Serious Fraud Office's bribery and corruption unit has left Reed Smith LLP after less than two years working as a partner for its global regulatory investigation and enforcement practice.

  • March 31, 2025

    France Fines Apple €150M For App Tracking Policy

    France's competition enforcer fined Apple €150 million ($162.3 million) on Monday for its rollout of a policy designed to give users more control of the data apps can track over concerns that it hindered small publishers and others that rely on data collection to finance their business.

  • March 31, 2025

    Billions On The Line As Justices Weigh Motor Finance Appeal

    Britain's highest court will consider on Tuesday whether hidden commission payments made by lenders to car dealers were unlawful in a case that could leave banks on the hook for billions of bounds in damages and have legal ramifications far beyond motor finance.

Expert Analysis

  • Factors For London Cos. To Consider If Adding US Listings

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    Recent reports of a continuing valuation gap between London and New York have resulted in some London-listed companies considering U.S. listings to gain an increased investor base, but with various obligations and implications involved in such a move, organizations should consider whether there is a real benefit from trading there, say lawyers at Winston & Strawn.

  • Behind The Stagecoach Boundary Fare Dispute Settlement

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    The Competition Appeal Tribunal's recent rail network boundary fare settlement offers group action practitioners some much-needed guidance as it reduces the number of remaining parties' five-year dispute from two to one, says Mohsin Patel at Factor Risk Management.

  • Assessing The Energy Act 2023, Eight Months On

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    Although much of the detail required to fully implement the Energy Act 2023 remains to be finalized, the scale of change in the energy sector is unprecedented, and with the U.K. prioritizing achieving net-zero, it is likely that developments will continue at pace, say lawyers at Paul Hastings.

  • Decoding Arbitral Disputes: Spanish Judicial Oversight

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    The recent conviction of arbitrator Gonzalo Stampa underscores the critical importance of judicial authority in the realm of international arbitration in Spain, and emphasizes that arbitrators must respect the procedural frameworks established by Spanish national courts, says Josep Galvez at 4-5 Gray’s Inn.

  • Opinion

    Why Timing Makes UK Libor Judgments Controversial

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    The recent U.K. Court of Appeal decision in the R v. Hayes and Palombo appeal against Libor convictions demonstrates that had U.K. regulators probed with the facts known today, civil claims in all jurisdictions would be dismissed and a decadelong wasted investigation should be put to rest, says Charles Kuhn at Clyde & Co.

  • Tips For Orgs Using NDAs In Light Of New UK Legislation

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    The recent passage of the Victims and Prisoners Act follows a crackdown on the misuse of nondisclosure agreements, but although NDAs are not prohibited and regulators recognize their legitimate justification, organizations relying on them must be able to clearly explain that justification if challenged, say attorneys at Macfarlanes.

  • Comparing UK, EU Digital Products Cybersecurity Approaches

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    New U.K. and EU legislation impose different cybersecurity requirements on manufacturers of connectable products, but despite its higher overall standard and holistic approach, organizations should be aware that compliance with the EU act does not necessarily mean satisfying the U.K. regime, says Christopher Foo at Ropes & Gray.

  • Lessons From Epic's Dutch Fine For Unfair Marketing To Kids

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    Dutch regulators' imposition of a €1.1 million fine on Epic Games for unfair commercial practices targeting children marks a significant moment in the ongoing scrutiny of digital market practices, and follows an increased focus on children's online safety in the U.S. and European Union, say attorneys at Crowell & Moring.

  • Risks And Promises Of AI In The Financial Services Industry

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    Generative artificial intelligence has immense potential to revolutionize the financial services industry, but firms considering its use should first prepare to show their customers and the increasingly divided international regulatory community that they can manage the risks inherent to the new technology, say attorneys at Gibson Dunn.

  • EU Anti-Greenwashing Guide Analyzed For Fund Managers

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    Anna Maleva-Otto and Matthew Dow at Schulte Roth explain how the European Securities and Markets Authority’s new guidelines on sustainability-related terms in fund names aim to protect European Union investors from unsubstantiated claims, and how they provide quantifiable criteria for determining which terms can be used to promote their funds.

  • FCA 'Finfluencer' Trial Exposes Social Media Promo Risks

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    The upcoming Financial Conduct Authority prosecution of nine individuals for Financial Services and Markets Act 2000 violations is the first time an online influencer will be tried for using social media to promote investments, demonstrating the need to be wary of the specific legal requirements surrounding financial product promotion, says David Claxton at Red Lion.

  • Appeal Ruling Clarifies 3rd-Party Contract Breach Liability

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    The Court of Appeal's recent decision in Northamber v. Genee World serves as a warning to parties that they may be held liable for inducing another party to breach a contract, even if that party was a willing participant, say Neil Blake, Maura McIntosh and Jennifer O'Brien at HSL.

  • How Law Firms Can Handle Challenges Of Mass Claims

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    With a wave of volume litigation possibly about to hit the U.K. courts, firms developing mass claim practices should ensure they heed the Solicitors Regulation Authority's May warning and adopt strategies to ensure regulatory compliance and fair client representation, says Claire Van der Zant at Shieldpay.

  • EU Directive Significantly Strengthens Enviro Protection

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    The recently revised European Union directive on environmental protection significantly strengthens its prior legislation and broadens the scope of environmental crime through the introduction of offenses for conduct resulting in severe damage, say Katharina Humphrey and Julian Reichert at Gibson Dunn.

  • How Revision Of The EU Works Directive May Affect Cos.

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    The European Union’s proposed revision of the Works Councils Directive, motivated by perceived shortcomings of existing legislation and the transformation of the world of work, includes significant changes that would increase workers' rights, including through strengthened enforcement and confidentiality provisions, says Thomas Player at Eversheds Sutherland.

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