Corporate Crime & Compliance UK

  • 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.

  • August 06, 2025

    IP Crime Unit Seizes Fake Football Merch Worth Over £5M

    A police unit that tackles intellectual property crime has said it has collared almost 68,000 counterfeit football kits since the start of 2025, preventing sales that would have been worth £5.1 million ($6.8 million) if the items were genuine.

  • August 05, 2025

    Hyundai, Kia Say Dieselgate Allegations Lack Evidence

    Hyundai and Kia have hit back against motorists' claims in the ongoing Dieselgate litigation, arguing in their High Court defense filing that their overall case about the alleged cheating of emissions tests is "vague and lacking in proper particularity."

  • August 05, 2025

    City Body Urges FCA To Clarify AML Rules For Digital Assets

    A City of London trade body has urged the Financial Conduct Authority to clarify in its future regulations for stablecoin issuers how anti-money laundering rules will apply for digital assets.

  • August 05, 2025

    Companies House To Roll Out Compulsory ID Verification

    Companies House said Tuesday that from November this year it will require company directors to verify their identities, the latest move in the registrar's rollout of heightened powers to protect against fraud.

  • August 05, 2025

    AML Reforms Are Missed Opportunity, Law Society Says

    The government's proposed updates to anti-money laundering regulations will do little to ease the compliance burden on law firms and are a "missed opportunity" to cut unnecessary rules, the body representing solicitors said on Tuesday.

  • August 05, 2025

    FCA Warns Claims Cos. Against Misleading Car Finance Ads

    The Financial Conduct Authority has told claims management companies in a letter to review financial advertising for motor finance claims, after seeing misleading redress rates from the sector and law firms.

  • August 05, 2025

    FCA Issues £46M In Fines For Woodford Fund Failures

    The Financial Conduct Authority has provisionally hit Neil Woodford and Woodford Investment Management with fines totaling £46 million ($61 million) for alleged failures in their management of a flagship £3.7 billion fund that led to its high-profile collapse in 2019.

  • August 04, 2025

    StanChart Can't Withhold Docs In £1.5B Iran Sanctions Case

    Standard Chartered on Monday lost a bid to withhold regulatory documents from investors suing the bank for £1.5 billion ($2 billion) for allegedly making untrue or misleading statements about its noncompliance with sanctions.

  • August 04, 2025

    Solicitor Ignored Red Flags In Property Deals, Tribunal Told

    The Solicitors Regulation Authority told a disciplinary tribunal Monday that a lawyer who displayed "manifest incompetence" when he failed to prevent a number of fraudulent or potentially fraudulent property deals should face disciplinary consequences.

  • August 04, 2025

    Court Freezes Couple's £5M Over Alleged Misuse Of Co. Cash

    A London court granted a freezing order Monday worth more than £5.1 million ($6.8 million) against a married couple accused of siphoning funds from a holding company, finding that there is a real risk that they will scatter their assets.

  • August 04, 2025

    Hogan Exits ENRC Mandate As SFO Case Enters Final Stage

    Hogan Lovells International LLP has ended its involvement representing ENRC in the Kazakh miner's long-running litigation against the Serious Fraud Office and Dechert LLP, court records show.

  • August 04, 2025

    Accountancy Boss Denies Siphoning Funds During Exit Talks

    A businessman accused of wrongly extracting at least £850,000 ($1.1 million) from an accountancy has denied this was a conspiracy to harm the firm and claimed he was taking out money he considered at the time that he and his wife were owed.

  • August 04, 2025

    Solicitors' Firm Blames Dishonest Lawyers For Missing Funds

    A law firm has denied misusing the funds of a dead individual's estate, arguing that alleged sham property purchases were carried out without its knowledge by a disbarred barrister and a former director of the outfit.

  • August 04, 2025

    UBS To Pay DOJ $300M To Settle Inherited Credit Suisse Case

    Swiss bank UBS said Monday it has agreed to pay the U.S. Department of Justice $300 million to settle outstanding obligations inherited from the mortgage-backed securities business of Credit Suisse, the lender it acquired in 2023.

  • August 04, 2025

    Motor Finance Redress Scheme Could Reach £18B, FCA Says

    The Financial Conduct Authority has proposed a compensation program for motor finance customers after a landmark U.K. Supreme Court decision on Friday found signs that consumers were being treated unfairly, as the watchdog estimated that the cost could reach £18 billion ($24 billion).

  • August 02, 2025

    Supreme Court Car Finance Verdict Slashes Lender Exposure

    The U.K. Supreme Court's landmark decision Friday to reverse most of the Court of Appeal's judgment on hidden motor finance commissions has sharply narrowed the scope of any future redress scheme from the Financial Conduct Authority — an outcome critics said favored lenders and car dealers over consumer protection.

  • August 01, 2025

    The Times Says Mogul Misconduct Articles Are Public Interest

    The publisher of The Times newspaper has hit back against a London privacy claim brought by the founder of an exclusive mobile phone provider, saying that articles concerning allegations of wrongdoing against him did not violate his privacy because they concerned possible criminality.

  • August 01, 2025

    Laundering Suspect Uses El-Khouri Case To Fight Extradition

    A man charged with laundering $725,000 of purported criminal cash following a sting operation cannot be extradited to the U.S. because the alleged conduct took place in Britain, his lawyer told a court Friday.

  • August 01, 2025

    Ex-AllSaints Chair In Contempt Over Share Sale Fraud Claims

    A London court ruled Friday that the former chairman of AllSaints was in contempt of court for breaching an order to stop claiming an interest in shares in the high street fashion chain after his fraud allegations were rejected.

  • August 01, 2025

    HMRC Freezes £1.4M In Suspected Money Laundering Assets

    HM Revenue & Customs on Friday secured a freezing order on three properties and a bank account worth a combined £1.4 million ($1.9 million) that it suspects were sourced with the proceeds of money laundering or unregistered money services.

  • August 01, 2025

    Gov't Fines UK Biz For Russia Sanctions Breach

    The U.K.'s Office of Financial Sanctions Implementation has fined U.K.‑based business support services provider Markom Management Ltd. for violating financial sanctions tied to Russia's 2014 annexation of Crimea.

  • August 01, 2025

    Top Court Hands Banks Partial Win Over Motor Finance Fees

    Car finance providers won a partial victory in a landmark case over commission payments on Friday when the U.K. Supreme Court ruled that they did not owe a duty to provide customers with information about the fees, potentially avoiding a multibillion-pound compensation scheme. 

Expert Analysis

  • Key Takeaways From Proposed EU Anticorruption Directive

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    The European Commission's anticorruption proposal, on which the EU Council recently adopted a position, will substantially alter the landscape of corporate compliance and liability across the EU, so companies will need to undertake rigorous revisions of their compliance frameworks to align with the directive's demands, say lawyers at Linklaters.

  • Implications Of EU Network Directive For Data Center Owners

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    With the October implementation deadline of the EU’s new cybersecurity regime under the Network Systems Directive fast approaching, data center owners and operators need to consider compliance steps, and U.K. companies providing services in the EU should take note, say lawyers at Bird & Bird.

  • New EU Guidelines Provide Insights On Global AI Regulation

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    The European Data Protection Supervisor’s first guidelines on artificial intelligence only apply to governmental bodies, but together with the EU AI Act they demonstrate a strong and prescriptive policy, and offer a glimpse into what could be the next phase in world AI regulation, says Kevin Benedicto at Redgrave.

  • Boeing Plea Deal Is A Mixed Bag, Providing Lessons For Cos.

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    The plea deal for conspiracy to defraud regulators that Boeing has tentatively agreed to will, on the one hand, probably help the company avoid further reputational damage, but also demonstrates to companies that deferred prosecution agreements have real teeth, and that noncompliance with DPA terms can be costly, says Edmund Vickers at Red Lion Chambers.

  • Keeping Up With Carbon Capture Policy In The US And EU

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    Recent regulatory moves from the U.S. Environmental Protection Agency and the European Commission in the carbon capture, sequestration and storage space are likely to further encourage the owners and operators of fossil fuel-fired power plants to make decisions on shutdowns or reconfiguration to meet the expanding requirements, say Inosi Nyatta and Silvia Brünjes at Sullivan & Cromwell.

  • How AI Treaty Will Further Global Governance Cooperation

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    The EU’s recently adopted treaty on artificial intelligence represents a significant step toward global cooperation in AI governance in emphasizing human rights obligations, although additional guidance and clarity would be beneficial to minimize varied interpretations at national level, say lawyers at Eversheds Sutherland.

  • EU Investor-State Dispute Transparency Rules: Key Points

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    The European Union's recent vote to embrace greater transparency for investor-state arbitration will make managing newly public information more complex for all parties in a dispute — so it is important for stakeholders to understand the risks and opportunities involved, say Philip Hall, Tara Flores and Charles McKeon at Thorndon Partners.

  • How Regulation Of Tech Providers Is Breaking New Ground

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    The forthcoming EU regulation on digital operational resilience and the U.K. critical third-party regime, by expanding the direct application of financial services regulation to designated technology providers, represent a significant development that is not to be underestimated, say David Berman and Emily Lemaire at Covington.

  • Takeaways From EU's Initial Findings On Apple's App Store

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    A deep dive into the European Commission's recent preliminary findings that Apple's App Store rules are in breach of the Digital Markets Act reveal that enforcement of the EU's Big Tech law might go beyond the literal text of the regulation and more toward the spirit of compliance, say William Dolan and Pratik Agarwal at Rule Garza.

  • Why Trustees Should Take Note Of Charity Code Consultation

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    The Charity Governance Code Steering Group's recently launched governance code consultation is unlikely to result in a radical overhaul, but with the bigger issue being awareness and application by smaller underresourced charities, trustees should engage with the process to help shape the next iteration of this valuable tool, says Chris Priestley at Withers.

  • What EU Net-Zero Act Will Mean For Tech Manufacturers

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    Martin Weitenberg at Eversheds Sutherland discusses the European Council’s recently adopted Net-Zero Industry Act and provides an overview of its main elements relevant for net-zero technology manufacturers, including benchmarks, enhanced permitting procedures and the creation of new institutions.

  • Complying With EU Commission's Joint Purchasing Rules

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    One year after the European Commission released its revised guidelines on horizontal cooperation agreements, attorneys at Crowell & Moring reflect on the various forms such agreements can take, and how parties can avoid structuring arrangements that run afoul of competition law.

  • Tips For Implementing EU Sustainability Reporting Guidance

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    Lawyers at Sullivan & Cromwell discuss the European Financial Reporting Advisory Group’s recently published guidance on double materiality assessments and offer takeaways on achieving a sustainability directive-compliant process that could enhance clarity and consistency among multinational stakeholders.

  • How CMA's AI Strategic Update Addresses Industry Risks

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    The Competition and Markets Authority’s recent artificial intelligence strategic update, setting out the regulator’s understanding of AI risks and how it intends to address them, is indicative of its focus on incumbent technology organizations, although future political developments in the U.K. may also shape the CMA's approach, say Christopher Foo and Carol Slattery at Ropes & Gray.

  • Labour's 'Fresh Approach' To Tackling Financial Crime

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    Given newly elected Prime Minister Sir Keir Starmer’s background as a criminal defense lawyer and director of public prosecutions, an administration with strong views on financial crime can be expected, and revenue raising and proceeds of crime recovery are likely to be at the forefront, says Matthew Cowie at Rahman Ravelli.

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