Corporate Crime & Compliance UK

  • December 18, 2025

    Michelle Mone-Linked Biz Wound Up After £122M Judgment

    A London court on Thursday wound up a medical equipment company linked to Conservative peer Michelle Mone, just over two months after it was ordered to repay the government £122 million ($163 million) for supplying unsafe surgical gowns during the COVID-19 pandemic.

  • December 18, 2025

    Denmark Files To Appeal £1.4B Cum-Ex Fraud Case Defeat

    Denmark has launched its effort to revive its £1.4 billion ($1.8 billion) case over a tax fraud allegedly orchestrated by convicted hedge fund trader Sanjay Shah, according to court filings seen by Law360 Thursday.

  • December 18, 2025

    HMRC Wins Burden Of Proof Query In £54M Tax Fraud Case

    A London appeals court ruled Thursday that HM Revenue & Customs doesn't bear the burden of proof in its tax liability claim against a British businessman it alleges used a company to commit alcohol smuggling and tax evasion of over £54 million ($72.2 million), plus penalties.

  • December 18, 2025

    EuroChem Can't Ax Order To End Tecnimont Russian Litigation

    EuroChem failed on Thursday to overturn an order for it to end legal proceedings in Russia brought against Italian industrial group Tecnimont SpA — including a judgment award worth more than $2 billion — in breach of an English arbitration agreement.

  • December 18, 2025

    Meet The Lawyers Tapped To Defend In Entain Bribery Case

    Eleven gambling managers and employees, including former top executives at Ladbrokes and Coral owner Entain PLC, have enlisted veteran defense counsel and some of the country's most experienced trial solicitors and barristers to defend themselves against the Crown Prosecution Service's bribery and fraud charges.

  • December 18, 2025

    SFO Can Seize £928K From Ex-Adviser Over Legal Fund Fraud

    The Serious Fraud Office got the go-ahead on Thursday to seize almost £1 million ($1.3 million) from a former financial adviser convicted of siphoning £5.8 million in covert commission payments from a legal financing fund.

  • December 18, 2025

    Fox Williams Hires Apple Compliance Chief

    Fox Williams LLP said Thursday that it has recruited a senior lawyer at Apple to boost its financial services and financial technology capability.

  • December 18, 2025

    Justices Dismiss 'Weak' £2.7B FX Claim Against Major Banks

    The U.K. Supreme Court held Thursday that the merits of a £2.7 billion ($3.6 billion) opt-out collective action against major banks over alleged foreign exchange-rigging are "weak" and that the case should not have been allowed to continue. 

  • December 17, 2025

    Ex-Goldman Banker Can't Dodge Ghana Bribery Charges

    A New York federal judge on Wednesday shot down a former Goldman Sachs banker's bid to escape charges over a purported scheme to bribe Ghanaian officials to greenlight a power plant deal, rejecting defense claims of improper sealing and speedy trial violations.

  • December 17, 2025

    Former Postmistresses Sue Post Office Over IT Scandal

    Two former subpostmistresses have sued the Post Office Ltd. for compensation over their wrongful convictions during the Horizon information technology scandal.

  • December 17, 2025

    Trio Face 2028 Trial In Director Disqualification Order Case

    Three people heard at a London court Wednesday that they will have to wait until 2028 to stand trial for charges of working together to breach court orders for one of them not to act as a company director.

  • December 17, 2025

    BHP Hit With £189M Legal Costs Bill Over Dam Collapse Case

    Lawyers for more than 640,000 individuals argued at court Wednesday that BHP should pay out £189 million ($254 million) of their legal costs after the mining giant was found liable for a dam collapse that triggered Brazil's worst environmental disaster.

  • December 17, 2025

    UK Demands Abramovich Give £2.5B To Ukraine Or Risk Court

    The government said Wednesday that Russian billionaire Roman Abramovich must transfer more than £2.5 billion ($3.3 billion) from the 2022 sale of Chelsea Football Club to fund humanitarian efforts in Ukraine, or it will pursue legal action.

  • December 17, 2025

    Financiers Sentenced To 11 Years Over Libyan Fund Fraud

    A former U.K. fund manager and a Swiss banker were sentenced to a collective 11 years' imprisonment in their absence at a London court on Wednesday for diverting millions of dollars in improper fees from a Libyan sovereign wealth fund.

  • December 17, 2025

    Funds Dropping ESG Labels Amid EU Greenwashing Review

    The European Union's financial markets regulator said Wednesday its new naming guidelines governing how investment funds use environmental, social and governance, and sustainability-related language are curbing greenwashing and improving transparency in the financial sector.

  • December 17, 2025

    UK Watchdog Hands Gov't Plan To Tackle Payments Crime

    The Financial Conduct Authority told the Treasury in a letter published Wednesday that it is investing more in intelligence and data to disrupt those committing and enabling crime in the payments sector.

  • December 17, 2025

    Gill Bribery Case Spurs Foreign Political Interference Probe

    The U.K. government has announced a new review into foreign interference in domestic politics following the high-profile conviction of the former Welsh leader of Reform UK Nathan Gill for accepting bribes to promote the Kremlin's interests and the unrelated case of lawyer Christine Lee.

  • December 16, 2025

    Visa, Mastercard Say Merchants Too Late To Join Class Action

    Visa and Mastercard told Britain's antitrust tribunal Tuesday that a number of merchants should not be allowed to join collective proceedings accusing them of unfairly imposing interchange fees on retailers after the deadline to opt in.

  • December 16, 2025

    FCA's New Crypto Rules Could Pave The Way For Bad Actors

    The Financial Conduct Authority's new proposed crypto regulatory regime risks increasing consumers' exposure to fraud, terrorist funding and malign state institutions, with the watchdog powerless in practice to do much to stop it, lawyers have warned.

  • December 16, 2025

    Diamond Dealer Modi's New Extradition Challenge Delayed

    The latest bid by Nirav Modi to block his extradition over an alleged $2 billion fraud was delayed on Tuesday as a judicial panel said that procedural issues in the litigation meant that the diamond dealer's renewed attempt could not go ahead.

  • December 16, 2025

    5 Questions For Clyde & Co.'s James Roberts

    James Roberts' father was a Red Arrows pilot, but the Clyde & Co. LLP team leader says that he wanted a career for himself that was more down to earth, particularly given his fear of heights. Roberts has instead climbed to head up the professional practices group of the law firm.

  • December 16, 2025

    Financiers Convicted Of Defrauding Libyan Sovereign Fund

    A former U.K. fund manager and a Swiss banker have been convicted by a jury of fraud for diverting millions of dollars in improper fees from a Libyan sovereign wealth fund, prosecutors said Tuesday.

  • December 16, 2025

    London Gallery Faces Trial In 2028 Over Sanctions Breach

    A London art gallery and a logistics company will face trial in 2028 for allegedly providing a contemporary painting to a collector in breach of Britain's ban on making luxury goods available to individuals connected to Russia, a judge said Tuesday.

  • December 15, 2025

    UK Trader Couldn't Have Known Of VAT Fraud, Court Says

    Despite its "cavalier approach to due diligence," a scrap metal trader in the U.K. couldn't have known its suppliers were engaged in value-added tax fraud, so it isn't liable for additional tax and penalties, the First-tier Tribunal Tax Chamber said in a decision.

  • December 15, 2025

    FCA Prioritizes Consumer Protection In Planned Crypto Rules

    The Financial Conduct Authority proposed Tuesday to sweep in a tough new set of rules to protect consumers who trade crypto-assets while also supporting innovation and global competitiveness.

Expert Analysis

  • 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.

  • New CMA Powers Will Change Consumer Protection Regime

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    The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.

  • What To Note In EU Tech Transfer Agreements Consultation

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    Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.

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