Corporate Crime & Compliance UK

  • September 24, 2025

    SEC Gets $7M Default Insider Trading Win Against UK Trader

    A Manhattan federal judge on Wednesday ordered a British-Lebanese trader to pay over $7.7 million, stemming from the U.S. Securities and Exchange Commission's insider trading allegations, months after the defendant avoided extradition from the U.K. on parallel criminal charges.

  • September 24, 2025

    Decaying Buildings Contribute To UK Court Case Logjam

    Rundown court buildings riddled with asbestos, mold and maggots are among the factors causing a mounting backlog of cases in England and Wales and reflects chronic underfunding, the Law Society warned in a report published Thursday.

  • September 24, 2025

    Execs Breached Danish Deal In $2B Tax Case, Court Says

    Three men claiming to be pension plan executives who struck a civil settlement with the Danish taxing authority over their role in a $2 billion tax fraud scheme breached their settlement agreement, a New York federal court found, saying the men had not paid back the amount they promised.

  • September 24, 2025

    Dentons Hires Dublin Disputes Partner From Maples Group

    Dentons has added an experienced commercial litigator from offshore law firm Maples Group to its Dublin office, saying his arrival will strengthen its ability to advise both domestic and multinational clients on arbitrations, complex disputes and regulatory investigations.

  • September 24, 2025

    Ransomware Gangs Shift Focus To Small Biz, Insurer Warns

    Insurers have seen a sharp decline in payouts from cyberattacks in the first half of the year, as hackers turn their attentions on smaller, more vulnerable businesses, Allianz said Wednesday.

  • September 24, 2025

    Ex-SFO Investigator Says He Was Civil At Disclosure Meeting

    A former Serious Fraud Office senior investigator who claims he lost a promotion for blowing the whistle denied angrily confronting his manager about the agency's disclosure policy, as he gave evidence to a tribunal Wednesday.

  • September 24, 2025

    London Firm Partner 'Turned Blind Eye' To Client's Red Flags

    A partner at a central London law firm repeatedly turned a blind eye to the obvious red flags of a client who was involved in a £7 million ($9.5 million) fraud, a court ruled Wednesday.

  • September 24, 2025

    Ex-Polish Official Could Be Denied Fair Trial, Analyst Testifies

    A Polish legal analyst told a London court Wednesday that a former Polish government official wanted in Warsaw for an alleged £63 million ($85 million) fraud could have his right to a fair trial violated if he is extradited to face charges.

  • September 24, 2025

    Hotel Boss Banned From Directorship Over £1.6M Tax Debt

    The former boss of a hotel on the Isle of Skye has been banned as a company director over tax debts totaling around £1.6 million ($2.2 million) to Britain's revenue authority, the U.K.'s insolvency agency said Wednesday.

  • September 24, 2025

    UK Arrests Suspect Over Cyberattack On Airports

    The National Crime Agency said Wednesday that it has arrested a man in connection with a cyberattack on an airport outsourcing supplier that caused days of flight cancellations and delays across Europe. 

  • September 24, 2025

    Alicia Alinia Takes Helm At Pogust After Tom Goodhead Exits

    Pogust Goodhead chief executive Thomas Goodhead has left the law firm after leading a £36 billion ($46 billion) class-action claim against mining giant BHP, making way for Alicia Alinia, former chief operating officer, to take over.

  • September 24, 2025

    HSBC Using AI To Fight Fraud Under 'Failure To Prevent' Law

    HSBC has emerged as one of the first banks to confirm it is harnessing artificial intelligence under the new "failure to prevent fraud" offense that targets companies benefiting from fraud committed by employees.

  • September 23, 2025

    Ex-SFO Investigator Claims Reprisal For Disclosure Concerns

    A former Serious Fraud Office senior investigator who claims he lost a job promotion for raising concerns about disclosure policy told a tribunal Tuesday that there is a "groupthink" culture within the agency.

  • September 23, 2025

    Privy Council Backs Undoing Fund's $230M Madoff Claim Sale

    The top appeals court for U.K. overseas territories has endorsed a successful U.S. appeal brought by the liquidator of an overseas Bernard L. Madoff feeder fund to undo its allegedly imprudent sale of its $230 million claim against the Ponzi schemer's defunct firm to a hedge fund.

  • September 23, 2025

    UBS Settles Long Tax Dispute With France For An €835M Fine

    UBS has resolved its long-running tax dispute with France over cross-border transactions, agreeing to pay a fine of €835 million ($985 million), the company said Tuesday.

  • September 23, 2025

    UK Lender Settles £5M Claim Over Alleged Asset Shielding

    Castle Trust Capital has settled its £4.7 million ($6.3 million) dispute with three British businessmen after it accused them of moving assets to avoiding repaying a loan, according to a court order.

  • September 23, 2025

    Canfields Law Denies Blame For Alleged £4M Property Fraud

    The London law firm Canfields has denied negligently handling a high-value property investment, responding to allegations that it facilitated a fraud that cost a Hong Kong business executive more than £4 million ($5.4 million).

  • September 23, 2025

    EU Enforcers Arrest 5 Over €100M Cryptocurrency Scam

    Five people have been arrested on suspicion of carrying out a €100 million ($118 million) cryptocurrency fraud in a joint international operation by law enforcement agencies across Europe, a European Union law authority said Tuesday.

  • September 23, 2025

    Axiom Fraud Spurs SRA To Revamp Emergency Meeting Rules

    The Solicitors Regulation Authority said Tuesday that it has adopted new criteria to help decide when to call emergency board meetings, after admitting it waited about six weeks to report the Axiom Ince fraud to its board.

  • September 22, 2025

    Havilland Ex-Staffer Denies Wiping Phone Amid Qatar Scandal

    A former employee of Banque Havilland SA denied wiping his iPhone during a scandal over an alleged plan to de-peg Qatar's currency from the dollar during a trade embargo, in cross-examination at a London tribunal on Monday.

  • September 29, 2025

    Squire Patton Hires 2 White Collar Pros From Paul Hastings

    Squire Patton Boggs LLP has expanded its international government investigations and white collar practice in London by hiring two lawyers from Paul Hastings LLP.

  • September 22, 2025

    Fraudsters Using Court Ruling To Inflate Claims, Allianz Says

    Insurer Allianz UK said Monday that fraudsters are inflating claims by exploiting a legal precedent left after a landmark U.K. court ruling on whiplash.  

  • September 22, 2025

    Axis Bank Denies Misleading Marine Co. In Loan Scheme

    The Dubai branch of India's Axis bank has hit back against a marine energy company's $41.7 million claim, denying it induced it to participate in a loan to a now-defunct shipping company.

  • September 22, 2025

    Poland Wants Ex-Gov't Official Extradited Over £63M Fraud

    A former Polish government official wanted in Warsaw for an alleged £63 million ($85 million) fraud might not receive a fair trial if he is extradited because of a lack of judicial impartiality, a legal expert warned a London judge on Monday.

  • September 22, 2025

    Man Cleared Of Fraud Conspiracy After Data Breach Fine

    A jury in London has found a man not guilty of conspiring to run a £1.5 million ($2 million) fraudulent investment scheme through front companies and false identities, two weeks after he was fined for a data protection breach.

Expert Analysis

  • What To Know About Compliance As EU AI Act Takes Effect

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    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.

  • Banker Remuneration Proposals Could Affect More Than Pay

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    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.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “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.

  • 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.

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