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Corporate Crime & Compliance UK
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February 16, 2026
Billionaire Alleges Audit Fraud in £51M Gambling Biz Purchase
An internet betting businessman told a court Monday that the ex-owner of a gambling business he bought orchestrated and concealed a scheme to defraud its auditors, leading to the company losing its license and wiping out his £50.7 million ($69 million) investment.
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February 16, 2026
Carillion's Ex-CEO Hit With Fine Over Misleading Statements
The Financial Conduct Authority said Monday it has fined Richard Howson, former group chief executive at Carillion PLC, £237,700 ($324,000) for his part in misleading statements issued by the international construction company, which is now in liquidation.
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February 16, 2026
PM Law Faces SRA Probe Over Missing Client Money
The Solicitors Regulation Authority said Monday that it is investigating missing client money at PM Law in the latest potential incident involving mishandling of clients' funds by a law firm.
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February 16, 2026
Swiss Lawyer Suspended For Quid Pro Quo Threats To Clients
A solicitor who accused his former clients of breaching sanctions and trading with terrorists after a dispute over fees has been suspended for two years, a tribunal confirmed on Monday.
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February 13, 2026
FCA May Be Forced To Set Lower Fines After Appeal Setbacks
The Financial Conduct Authority might be forced to rethink how it justifies the size of its fines after being forced to cut penalties after referral to the Upper Tribunal, raising questions about its ability to make enforcement decisions stick, legal experts caution.
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February 13, 2026
Blair's Think Tank Urges UK Gov't To End Energy Windfall Tax
The U.K.'s Labour government must phase out the windfall tax on the energy industry and lift the ban on new oil and gas drilling licenses in the North Sea to increase revenue long term, the Tony Blair Institute said Friday.
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February 13, 2026
Media Execs Claim Firing Was For Exposing Ad Overcharges
Two fired executives of a regional newspaper publisher have denied they must repay the company more than £900,000 ($1.2 million) in compensation, claiming they were wrongly forced out of the company for blowing the whistle on the fraudulent overcharging of advertisers.
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February 13, 2026
Watchdog Prioritizes SFO Review After Disclosure Failings
The U.K.'s prosecution oversight body said Friday it would prioritize a planned review of the Serious Fraud Office after it dropped the prosecution of former mining executives in part due to disclosure failings.
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February 13, 2026
Disclosure Haunts The SFO, Posing Challenge For Next Chief
The next director of the Serious Fraud Office must tackle the systemic disclosure failings that haunt its cases or face recurring questions about the agency's credibility after the latest collapse of a prosecution over problems with its handling of evidence, lawyers say.
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February 13, 2026
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen a former U.S. defense contractor convicted of tax evasion face legal action, French football club Olympique Lyonnais sued following a $97 million ruling against its owner John Textor, consulting giant Kroll targeted by a South African airline, and H&M hit with a claim alleging it copied protected sunglasses designs. Here, Law360 looks at these and other new claims in the U.K.
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February 13, 2026
Car Parking Giant Hit With CMA Fine For Ignoring Info Request
The U.K. competition watchdog has fined a car parking giant more than £473,000 ($645,000) for failing to comply with a request to hand over information, rejecting the company's excuse that it thought the request was a scam.
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February 12, 2026
Louis Vuitton Fined €500K In Dutch Money Laundering Case
Dutch prosecutors hit the Netherlands subsidiary of Louis Voutton with a €500,000 ($593,000) fine Thursday for anti-money laundering violations after it said the fashion house failed to vet customers who repeatedly made large cash purchases.
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February 12, 2026
Hotel Cos. Urge UK Gov't To Abandon Holiday Tax Proposal
The Labour government should not introduce what is known as a holiday tax on the hospitality industry, more than 200 hotel companies told the U.K.'s finance minister.
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February 12, 2026
Ex-Latham Legal Secretary Barred After Fraud Conviction
A former legal secretary at Latham & Watkins LLP has been barred from working for another law firm after a criminal court convicted her of defrauding a partner at the firm of more than £50,000 ($68,105).
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February 12, 2026
Gov't Sets Out Tough Regime For Appointed Representatives
The U.K. government published on Thursday its detailed proposed changes to the appointed representatives regime, which will give the Financial Conduct Authority new powers to crack down on misconduct.
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February 12, 2026
Broker Says Denmark Can't Bring £56M Cum-Ex Fraud Claim
An English broker told Britain's top court on Thursday that Denmark's tax authority can't sue it for more than £56 million ($76 million) over a tax refund fraud, because an earlier decision in related proceedings rendered the claim inadmissible.
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February 12, 2026
Ex-Police Treasurer Convicted Of £13K Expenses Fraud
A former police officer has been convicted of 15 counts of fraud by abuse of position in which he dipped into about £13,500 ($18,500) in the petty cash of a staff association for police constables to fund his family holidays.
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February 12, 2026
SFO To Revisit 20 Cases After Bribery Prosecution Implodes
The Serious Fraud Office said Thursday that it is reexamining the integrity of approximately 20 cases after it abandoned a decade-old bribery prosecution because of another failing in disclosure.
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February 11, 2026
Outdated Laws Blamed For China Spy Case Collapse
The root cause of the collapse of criminal proceedings against two men accused of spying for China was outdated legislation, but the risk of future problems has not been entirely negated by a new national security law, a parliamentary committee warned Thursday.
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February 11, 2026
Compliance Pro Wins Bias Case Over Lost Promotion
A veteran compliance expert has persuaded an employment tribunal that she was forced to quit working at a car dealership because bosses had unfairly passed her over for a promotion to a new head role and given the job to a man.
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February 11, 2026
Denmark Says Cum-Ex Ruling No Bar To £56M Fraud Claim
Denmark told Britain's top court on Wednesday that it should be allowed to sue an English brokerage for £56 million ($76 million) over a tax refund fraud, arguing that an earlier decision barring linked allegations was based on "fundamentally different" facts.
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February 11, 2026
Bank Of Africa UK Avoids Liability For Whistleblower's Firing
The U.K. arm of Bank of Africa should not have been held liable for its chief executive's decision to fire a whistleblowing human resources executive, a London appeals tribunal ruled on Wednesday.
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February 11, 2026
Transneft CEO's Daughter Wins EU Sanctions Appeal
A European Union court lifted sanctions on Wednesday against the daughter of the chief executive of a Russian state-controlled oil and gas company, finding that the bloc's council had failed to produce fresh evidence for reimposing the restrictions.
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February 11, 2026
PwC Settles Assistant's Age Discrimination Claim For £150K
PwC has paid £150,000 ($205,000) to settle an age and disability discrimination claim from a former employee of more than 40 years, the equality watchdog for Northern Ireland has revealed.
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February 11, 2026
VTB Fights To Lift Block On Russian Case Over Frozen $156M
VTB Bank asked a London appeals court on Wednesday to lift an injunction that blocks it from bringing a $156 million case in Russia over frozen funds, arguing a judge wrongly concluded that its claim was "vexatious and oppressive."
Expert Analysis
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What To Know About Compliance As EU AI Act Takes Effect
Raj Shah at Mishcon de Reya explains how recently effective provisions of the European Union Artificial Intelligence Act, which concern prohibited AI practices and AI literacy, will affect both providers and users of AI systems, and suggests steps that companies can take now to plug any compliance gaps.
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Banker Remuneration Proposals Could Affect More Than Pay
The Financial Conduct Authority and Prudential Regulation Authority’s pending proposals to reduce banker remuneration restrictions bring obvious personal financial advantages for bankers, but may have repercussions that result in increased scrutiny of bonus payments and wider changes to workplace culture and overall accountability, say lawyers at Fox Williams.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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EU Report May Influence Regulation Of Decentralized Finance
The European supervisory authorities’ recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.
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EU Paper Urges Data Protection And Competition Law Unity
A recent European Data Protection Board position paper calls for closer cooperation among data protection and competition authorities, and provides valuable insight for businesses seeking to ensure compliance across an increasingly complex regulatory landscape, say lawyers at Paul Weiss.
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Market Infrastructure Regs Aim To Reinvigorate EU Trading
The recently amended European Market Infrastructure Regulation, imposing a requirement on certain financial and nonfinancial institutions to maintain an active EU counterparty account, hopes to incentivize the central clearing of trades, although there are concerns that higher compliance costs will lead to a decrease in competitiveness, say lawyers at McDermott.
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The Pros And Cons Of A 2nd Trump Term For UK Tech Sector
While U.S. President Donald Trump’s protectionist stance on trade could disrupt global supply chains on which many U.K. tech firms are reliant, anticipated deregulation could provide fertile ground for investment and growth, and the U.K. tech sector is bracing for a mix of opportunities, say lawyers at Shoosmiths.
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Why EU Omnibus Package Is Receiving Mixed Reactions
Although the forthcoming European Union omnibus simplification package consolidating corporate sustainability reporting requirements aims to reduce the regulatory burden on businesses, reaction to the proposals has been mixed, and reassurance is needed that these measures will not result in a watering down of the legislation, say lawyers at Peters & Peters.
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Review Of Computer Evidence Use Raises Complex Issues
The Ministry of Justice’s recent call for a review of computer-generated evidence used in criminal proceedings, solicits questions of how such evidence will be defined while also ensuring that changes can withstand technological advances and uphold the effective functioning of the criminal justice system, say lawyers at BCL Solicitors.
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How Proposed Private Share Trading System May Benefit Cos.
The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.
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New Bill Introduces Important Whistleblower Protections
If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.
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Important Changes To Note In Accountant Ethics Code Update
The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.
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What EU Sustainable Category Proposals Will Mean For Funds
The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.
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What To Expect As CAT Considers Mastercard Settlement
It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.
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Managing Transatlantic Antitrust Investigations And Litigation
As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.