Corporate Crime & Compliance UK

  • August 11, 2025

    Wikipedia Loses Legal Challenge Over UK Online Safety Act

    The charity behind Wikipedia lost a challenge to the Online Safety Act on Monday after claiming that the online encyclopedia could be lumbered with unmanageable duties aimed at regulating social media giants and viral content.

  • August 11, 2025

    SRA Says Lawyer Misled Tribunal About His Finances

    A disability rights lawyer lied to a tribunal by not disclosing the proceeds of the sale of his home in earlier disciplinary proceedings brought against him, the Solicitors Regulation Authority said Monday.

  • August 11, 2025

    UK Opt-Out Claims Surge To €77B Amid Class Action Boom

    There was "extraordinary" growth in class actions in the U.K. and across Europe in 2024 as new procedural mechanisms were introduced in different jurisdictions and claimant firms acted aggressively, CMS said Monday.

  • August 11, 2025

    Gov't To Tighten Appointed Reps Regime To Stop Misconduct

    The U.K. government said Monday it will empower the Financial Conduct Authority to refuse firms permission to use appointed representatives, in a tightening of the regime to stop misconduct.

  • August 08, 2025

    FCA Finds Directors Breaching Policies On Unrecorded Calls

    The Financial Conduct Authority has found in a review that wholesale banks are identifying breaches of internal policies on unmonitored communication, particularly by senior individuals.

  • August 08, 2025

    Chelsea Group Claims Bribery Tainted $20M Greensill Deal

    A Cyprus-based group of companies has denied owing $20.6 million to UBS' asset management unit from a supply chain finance deal with the now-defunct Greensill Capital, arguing that the deal was rescinded because it was tainted by bribery.

  • August 08, 2025

    FCA Woodford Ban Signals Risks Of Star Fund Managers

    The decision by the financial watchdog to provisionally fine and ban former fund manager Neil Woodford has sent a lesson to companies across the finance sector that the star status of some senior managers is up for review in the City. 

  • August 08, 2025

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

    This past week in London has seen the U.S. Securities and Exchange Commission target a British investor over a $10 million microcap fraud scheme, Merck Sharp & Dohme move against Halozyme Inc. following a recent clash over its patented cancer medicine, and Birmingham City Council sue a school minibus operator years after ending its contract over DBS check failures. Here, Law360 looks at these and other new claims in the U.K. 

  • August 08, 2025

    JPMorgan Denies Witholding €18M In VTB Sanctions Fight

    JPMorgan has hit back at a VTB Bank subsidiary's claim that the American bank withheld €17.8 million ($21 million) from a liquidated trading account, arguing that sanctions have blocked it from paying the money.

  • August 07, 2025

    Former Soldier Convicted Of Running £1.3M Ponzi Scheme

    A former British Army rifleman was convicted of running a £1.3 million ($1.7 million) Ponzi scheme in London on Thursday over allegations that he offered more than 200 investors impossibly high returns before the fund's collapse.

  • August 07, 2025

    Motor Finance Ruling Shifts Focus To Wider Broker-Fee Cases

    The recent decision by the U.K. Supreme Court to limit the payouts available to many motor finance customers over hidden fees could switch legal attention to other sectors that routinely add brokers' commissions to bills, lawyers say.

  • August 07, 2025

    Pogust Goodhead Adds To Board Amid Org Shakeup Rumors

    Pogust Goodhead said Thursday that it has appointed three new members to its board as a judgment looms in a £36 billion ($48.3 billion) claim against mining giant BHP over the Mariana dam disaster in Brazil.

  • August 07, 2025

    Lobby Group Intervenes Over Stagecoach Settlement Funds

    The U.K. Competition Appeal Tribunal on Thursday granted a business advocacy group permission to intervene in a hearing over how to distribute the unclaimed remainder of a £25 million ($33.6 million) settlement with rail operator Stagecoach following claims it overcharged London commuters.

  • August 07, 2025

    Ousted Big Tech CEO Denies £320M Conspiracy Claim

    The ousted chief executive of a company that makes security ankle tags has denied a £320 million ($430 million) claim, arguing that she had not caused the business loss or lied about her interest in its shareholders.

  • August 07, 2025

    Accounting Co. Faces Trial In 1st FTP Tax Evasion Case

    Accounting firm Bennett Verby Ltd. faced accusations on Thursday that it had failed to prevent tax evasion alongside six individuals charged with tax evasion and fraud offenses.

  • August 07, 2025

    FCA Boosts Payment Safeguards To Protect Consumers' Cash

    The Financial Conduct Authority published new rules on Thursday to protect consumers better when they use payment companies, strengthening its ability to intervene when they fail to safeguard clients' money.

  • August 06, 2025

    Carter-Ruck Partner Faces Tribunal Over Alleged SLAPP

    The Solicitors Regulation Authority said Wednesday that it had referred a partner at Carter-Ruck to a tribunal for allegedly improperly using the legal system through a strategic lawsuit against public participation.

  • August 06, 2025

    Osborne Lawyer Challenges SDT Ruling Over Zahawi Email

    An Osborne Clarke partner has filed an appeal against a fine imposed on him by a disciplinary tribunal for using misleading legal language to prevent publication of an email sent on behalf of former Chancellor Nadhim Zahawi, according to recently published documents.

  • August 06, 2025

    Lloyd's Underwriter Bids To Revive Whitsleblowing Claim

    A Lloyd's syndicate told an appeals tribunal Wednesday that an underwriter's attempt to revive a claim that he was sacked for whistleblowing about a supposedly fraudulent payment was an impermissible attempt to reargue the case.

  • August 06, 2025

    Prince Harry's Charity Criticized For Public Row

    The U.K. charity watchdog concluded Wednesday that all sides were to blame in a dispute at Prince Harry's African charity, finding that charity leaders should not have allowed the row to erupt publicly.

  • August 06, 2025

    Solicitor Denies Ignoring Red Flags Over Property Deals

    A solicitor urged a tribunal on Wednesday to reject allegations that he displayed "manifest incompetence" and ignored warning signs when he oversaw several allegedly fraudulent property deals, saying he would not have let the transactions go ahead if he'd had suspicions.

  • August 06, 2025

    Greenwashing Scrutiny Grows Amid Rising ESG Demands

    The increasing significance of environmental, social and governance considerations for businesses has led to a surge in companies overstating their green credentials, according to a report from Watson Farley & Williams LLP.

  • August 06, 2025

    SEC Pursues UK Man's Assets Over $10M Stock Fraud

    The U.S. Securities and Exchange Commission has launched a legal action in England to enforce a $350,000 U.S. court judgment against a man the agency has alleged was involved in a $10 million fraudulent trans-Atlantic microcap stock trading scheme.

  • August 06, 2025

    Postmaster Sues Post Office, Fujitsu For £4.5M Over Scandal

    A former sub-postmaster has sued the Post Office and Fujitsu for almost £4.5 million ($6 million) in the first legal action against the two companies for withholding evidence about bugs in the faulty Horizon IT system that led to hundreds of wrongful convictions.

  • August 06, 2025

    FCA Targets Greenwashing With Simpler Climate Rules

    The Financial Conduct Authority set out plans on Wednesday to simplify sustainability reporting to help reduce greenwashing as it responded to feedback from asset managers, life insurers and pension providers that climate disclosures are too complex.

Expert Analysis

  • EU Report May Influence Regulation Of Decentralized Finance

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    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.

  • EU Paper Urges Data Protection And Competition Law Unity

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    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.

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    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.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    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.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    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.

  • Review Of Computer Evidence Use Raises Complex Issues

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    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.

  • How Proposed Private Share Trading System May Benefit Cos.

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    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.

  • New Bill Introduces Important Whistleblower Protections

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    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.

  • Important Changes To Note In Accountant Ethics Code Update

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    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.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    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.

  • What To Expect As CAT Considers Mastercard Settlement

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    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.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    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.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

  • What To Know As EU Urges Outbound Investment Reviews

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    A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.

  • Competition Act Brings Important UK Merger Control Changes

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    Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.

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