Corporate Crime & Compliance UK

  • January 27, 2026

    Execs Say $22M Investec Loan Breached Sberbank Sanctions

    Two business executives have denied owing Investec Bank PLC almost £22 million ($30.2 million) over loan agreements, arguing that the Anglo-South African lender knew the deals were designed to aid the purchase of a Russian bank's assets in breach of sanctions.

  • January 27, 2026

    Home Office Pressed Over Failure To Explain RTW Fine

    The Home Office must explain how it has determined that someone does not have the right to work in the U.K. when it issues penalty notices to employers, a restaurant argued at Britain's top court on Tuesday.

  • January 27, 2026

    Ex-Biotech CEO Wins New Shot At Whistleblowing Claim

    A London appeals judge has handed the sacked chief executive of a biotechnology company a second shot at his whistleblowing claim, slamming an earlier tribunal's "wholly insufficient" assessment of his claimed protected disclosures.

  • January 27, 2026

    CMA Seeks To Appeal Re-Do Of £70M Pfizer, Flynn Drug Fines

    The Competition and Markets Authority sought permission from the Court of Appeal on Tuesday to challenge a decision that criticized and revised the £70 million ($96 million) in fines it issued to Pfizer and Flynn Pharma for excessive pricing.

  • January 26, 2026

    Scots Law Society Beats Bias Claim Over Conduct Probe

    A tribunal has ruled that the Scottish law society did not discriminate against a qualified lawyer based on his Roman Catholic Christian faith by hastily investigating a complaint of misconduct against him.

  • January 26, 2026

    UK To Create 'British FBI' To Tackle Fraud, Serious Crime

    The U.K. government announced it will create a new national police force dubbed the "British FBI" to investigate fraud by merging the National Crime Agency with other law enforcement agencies.

  • January 26, 2026

    Mail's Spying Gave Me 'Sleepless Nights,' Sadie Frost Says

    Actor Sadie Frost told a London court on Monday that the publisher of the Daily Mail had "violated" her through stories about her personal life, alleging that its journalists had used information gained through unlawful methods such as tapping her landline phone.

  • January 26, 2026

    UK Fines Bank Of Scotland For Russia Sanctions Breach

    The U.K. sanctions policing body said Monday that it has fined Bank of Scotland PLC, which is wholly owned by Lloyds Banking Group, £160,000 ($218,354) for serious breaches of the government's Russia sanctions rules by allowing payments to and from the account of a sanctioned individual.

  • January 26, 2026

    Saudi Arabia Must Pay £3M To Dissident In Spyware Case

    Saudi Arabia must pay more than £3 million ($4.1 million) in damages to a human rights activist critical of the government for "the most acute intrusion" of his private life, involving phone hacking and a targeted assault, a London court ordered Monday.

  • January 26, 2026

    FCA Warns Crypto Sector Against Mistreating Consumers

    The Financial Conduct Authority has warned crypto asset businesses against providing unsuitable products to consumers in draft guidance on applying the Consumer Duty under the crypto asset regime that comes into force in 2026.

  • January 23, 2026

    Insider Trading Presumption Challenged By EU Adviser

    An investment bank does not commit insider dealing merely by executing a client's share sale, unless regulators can show the bank held inside information and acted outside its expected professional standards, an adviser to the European Union's top court has said.

  • January 23, 2026

    Danish Regulator Hits Saxo Bank With $49M AML Fine

    The Danish finance regulator said Friday that it imposed a 313 million Danish kroner ($49 million) fine on Danish bank Saxo over anti-money laundering compliance failures. 

  • January 23, 2026

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

    This past week in London saw Travelers Insurance hit with a claim from a property buyer over a payout tied to collapsed law firm Axiom Ince, Swedish music group Pophouse Entertainment clash with the production company that helped it create the ABBA Voyage experience, and biotech company Vertex Pharmaceuticals sue rival entity ToolGen for patent infringement.

  • January 23, 2026

    Post Office Says Settlement Could Bar Sub-Postmaster's Claim

    The Post Office said Friday that a settlement it reached with people it wrongly prosecuted might bar a former sub-postmaster from suing it over claims it fraudulently obtained a civil judgment against him over an accounting shortfall.

  • January 23, 2026

    FCA Proposes More Standards For Crypto Asset Regulation

    The Financial Conduct Authority proposed Friday further rules on how crypto asset companies should treat consumers under the new regulatory regime for digital assets due for implementation later this year.

  • January 23, 2026

    Nigeria Fails To Overturn Delay To £50M Costs Recovery Bid

    Nigeria must wait until after a costs assessment to seek an order to recover its £50 million ($68 million) legal bill from the litigation-funders of an energy company that defrauded the West African state in arbitration proceedings.

  • January 23, 2026

    Seddons Hires Financial Crime Head From Russell-Cooke

    Seddons GSC has hired Frances Murray from Russell-Cooke to launch and lead its new financial crime practice.

  • January 22, 2026

    UK Trading Co. Escapes £1.5M In Penalties For Tax Scheme

    HM Revenue & Customs lacked sufficient evidence to justify more than £1.5 million ($2 million) in penalties on a securities trading company for careless and deliberate inaccuracies on its returns linked to a tax avoidance scheme involving an employee benefit trust, the Upper Tribunal ruled.

  • January 22, 2026

    Ex-Trading Co. CEO Denies Signing Fake Contract In $19M Trial

    The former chief executive of trading technology business Finalto didn't use the company as "a vehicle for fraud" by signing a sham employment contract, he said in evidence at a trial where he and another executive are seeking more than $19 million in unpaid benefits.

  • January 22, 2026

    Accomplice In Chinese Bitcoin Fraud To Repay £5.6M

    A London court on Thursday ordered a convicted money launderer to repay £5.6 million ($7.6 million) for his role in a conspiracy to buy cryptocurrencies using money siphoned off from tens of thousands of Chinese investors.

  • January 22, 2026

    Judge-Only Trials Won't Ease Case Backlog, Law Society Says

    Dropping jury trials for all but the most serious offenses would have "a negligible impact" on the backlog of cases waiting to be heard in the criminal courts and the government should instead invest in the entire justice system, the Law Society said Thursday.

  • January 22, 2026

    Ethanol Biz Loses Bid To Overturn €48M Price-Fixing Fine

    A Swedish ethanol producer failed on Thursday to overturn a €47.7 million ($55.9 million) fine for colluding to maintain high prices by market manipulation after a European appeals court ruled that a competition watchdog did not presume it was guilty.

  • January 22, 2026

    Liz Hurley Tells Mail Privacy Trial Her Home Was Bugged

    Liz Hurley alleged at the trial over her privacy claim against the publisher of the Daily Mail on Thursday that private investigators working for the company had tapped her landline phone, secretly placed microphones at her home and unlawfully obtained her medical information.

  • January 22, 2026

    SFO Charges Two Ex-Funeral Directors With Fraud

    Britain's white-collar crime enforcer charged two former funeral directors with fraud on Thursday over allegations that they misled thousands of individuals after its program collapsed with debts in excess of £70 million ($93 million).

  • January 21, 2026

    Lessor Reaches Settlement With Insurer Over Stranded Planes

    An aircraft lessor has reached a settlement with an insurance company that it had claimed should partly cover for an alleged $129 million loss from planes stranded in Russia after the country's invasion of Ukraine.

Expert Analysis

  • 2025 UK Merger Reforms Simplify Path For Deals

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    Dealmakers should laud the 2025 reforms in the U.K. merger control and investment screening landscape, as the Competition and Markets Authority’s renewed focus on economic growth — and on implementing more flexible, streamlined and hands-off procedures — makes planning transactions a more predictable process, say lawyers at Akin Gump.

  • Train Ticket Class Action Shows Limits Of Competition Law

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    The Competition Appeal Tribunal's recent judgment in Gutmann v. London & Southeastern Railway, Govia Thameslink Railway and First MTR South Western Trains Ltd. restates the important principle that a high bar is required to demonstrate an abuse of dominance, providing welcome clarification for consumer-facing businesses that competition law is not intended to serve as a general vehicle for consumer protection, say lawyers at Freshfields.

  • Navigating Legal Privilege Issues When Using AI

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    The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.

  • A Look At Factors Affecting Ombudsman Complaint Trends

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    Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.

  • What To Know About FCA's Short Selling Regime Proposals

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    Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.

  • CMA's Leniency Guide May Change Self-Report Calculus

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    The Competition and Markets Authority's updated leniency guide introduces significant changes to bolster cartel enforcement, with incentives to early self-report that will be welcomed by businesses, but the weighty specter of potential class actions could greatly outweigh the discount on administrative fines, say lawyers at Cooley.

  • Why EU's FDI Screening Proposals Require Careful Balance

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    The European Commission’s proposals to harmonize EU foreign direct investment screening regimes at the member state level require a trilogue between the commission, Parliament and council, which means political tensions need to be resolved in order to reach agreement on the five key reforms, say lawyers at Arnold & Porter.

  • Fashion Giants' €157M Fine Shows Price-Fixing Not In Vogue

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    The European Commission’s recent substantial fining of fashion houses Gucci, Chloé and Loewe for resale price maintenance in a distribution agreement demonstrates that a wide range of activities is considered illegal, and that enforcement under EU competition law remains a priority, says Matthew Hall at McGuireWoods.

  • OFSI Proposals Signal Greater Focus On Enforcement Activity

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    The Office of Financial Sanctions Implementation’s proposed financial sanctions reforms, with risks of higher penalties and more stringent disclosure requirements for U.K. banks and companies, reflect the agency’s evolution into a more sophisticated and robust enforcement regulator, says Irene Polieri at Gibson Dunn.

  • How 2nd Circ. Decision Extends CFTC's Extraterritorial Reach

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    The Second Circuit recently concluded in U.S. v. Phillips that the Commodity Exchange Act extends to entirely foreign conduct if a victim of the conduct is based in the U.S., suggesting there is a heightened risk that foreign swap transactions will be susceptible to U.S. regulation when U.S. counterparties are involved, say attorneys at Skadden.

  • UK Getty Ruling Tests Balance Of IP Rights And AI Industry

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    The recent Getty Images v. Stability AI High Court decision, rejecting copyright claims while upholding limited trademark infringement, will influence the creative community and U.K. artificial intelligence industry alike, and the training of AI models in the U.K. is still a risk, say lawyers at Powell Gilbert.

  • Takeaways From Landmark UK Ruling On Brazil Dam Collapse

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    The High Court found BHP liable for a Brazilian dam collapse that resulted in a major environmental disaster, showing that England remains open for complex transnational environmental claims and providing a road map for other mass claims that are sure to follow this case, says Josep Galvez at 4-5 Gray's Inn Square.

  • Navigating Compliance As EU Cybersecurity Rules Evolve

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    One year after the European Union’s Network and Information Systems Directive 2 took effect, in-scope organizations are encountering mounting pressure to meet new cybersecurity standards, and national variations are creating additional challenges for companies that operate across multiple EU jurisdictions, say lawyers at Goodwin.

  • EBA Proposals Signal Overhaul Of EU 3rd-Party Risk Rules

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    The European Banking Authority’s plans to extend third-party risk controls to non-ICT services, which may be finalized by the end of the year, will place a significant compliance and operational burden on in-scope entities, which should not be underestimated, say lawyers at Travers Smith.

  • UK Tribunal's Clearview Decision Expands GDPR Application

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    The Upper Tribunal’s recent decision in Information Commissioner v. Clearview AI is an important ruling on the extraterritorial reach of the European Union and U.K. General Data Protection Regulations, broadening behavioral monitoring to include not only activity by the company, but also its client, says Edward Machin at Ropes & Gray.

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