Corporate Crime & Compliance UK

  • April 08, 2025

    Law Firm And Gov't Settle Axed Legal Aid Contract Dispute

    A criminal law firm has settled its case against the Ministry of Justice, in which it had alleged that the government department unlawfully pulled a contract for legal aid services after the solicitors missed a deadline.

  • April 08, 2025

    FCA Boosts Testing Support For Innovative Products

    The financial watchdog said Tuesday that it will make it easier for companies to test innovative products and support those which apply for regulatory approval as part of its work program for 2025/26.

  • April 07, 2025

    Starmer Calls For US Trade Deal That Avoids Tax Hikes

    The Labour government would sign a trade deal with the U.S. only if the terms fit Britain's national interest, which would mean avoiding the need for further domestic tax hikes, Prime Minister Keir Starmer said in a news conference Monday.

  • April 07, 2025

    UK Gov't Fails To Keep Apple Legal Battle Secret

    The legal challenge by Apple to the U.K. government's attempt to create a "back door" to personal encrypted data will not be kept secret, after a tribunal refused Monday to accept that revealing the bare details of the case would threaten national security.

  • April 07, 2025

    1 In 3 Criminal Barristers Report Bullying, Harassment

    A third of criminal barristers say they have been bullied or harassed, the Criminal Bar Association revealed Monday, amid high attrition rates that add to the crisis in the criminal justice system.

  • April 07, 2025

    Cash Uncovered In FCA Probe Was My Dad's, Analyst Testifies

    A former analyst for an asset management firm testified in London on Monday that £198,000 ($253,000) unearthed by investigators as part of an insider dealing probe was not dirty money, but was partially cash destined for his father's construction business in Albania. 

  • April 07, 2025

    Linklaters Names New Global Financial Regulation Boss

    Linklaters LLP said Monday that it has appointed a new global head of its financial regulation group who will be based in Hong Kong.

  • April 07, 2025

    Doubts Grow Over Impact Of UK Capital Market Deregulation

    Government efforts to revitalize the country's sluggish economy by stripping away regulatory burdens on financial markets have raised concerns among lawyers that consumers might be exposed to more risk, amid doubts that the steps can stimulate broader U.K. economic output.

  • April 07, 2025

    Allianz Luxembourg Unit Penalized For AML Breaches

    Luxembourg's financial regulator has hit the domestic branch of insurer Allianz with a €283,000 ($310,000) fine for breaching the country's anti-money-laundering and terrorist-financing rules.

  • April 07, 2025

    Brit Jailed For Money Laundering Plot After 7 Yrs On The Run

    An extradited tax fugitive has been jailed for five-and-a-half years for his involvement in a £3.5 million ($4.5 million) money laundering scheme, HM Revenue and Customs said Monday.

  • April 07, 2025

    Credit Agency Hit With Fine For Misleading Approval Claims

    A European Union financial markets regulator said on Monday that it has fined a financial technology credit ratings agency €420,000 ($460,000) for "misleadingly" using the authority's name to suggest that it endorsed the company's activities.

  • April 04, 2025

    Deutsche Bank Not Liable For ISIS Terror, Judge Finds

    A New York federal judge on Friday dismissed a lawsuit accusing Deutsche Bank AG of facilitating the financing of the Islamic State, saying that the families of two journalists and an aid worker the terrorist group killed failed to sufficiently allege that the bank participated in a human trafficking venture.

  • April 04, 2025

    Alleged 'Hollywood Con Queen' Bids To Halt Extradition To US

    An Indonesian man accused of impersonating female Hollywood executives to con hundreds of movie workers into paying him fees urged a London judge Friday to block his extradition to the U.S. to face fraud charges, arguing he is at risk of self-harm and could be victimized because of his sexuality.

  • April 04, 2025

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

    This past week in London has seen Russian industrialist Oleg Deripaska target the intelligence arm of CT Group with a commercial fraud claim, Big Technologies sue its former CEO for allegedly concealing interests in several shareholders, and an investment firm tackle a professional negligence claim by Adidas. Here, Law360 looks at these and other new claims in the U.K.

  • April 04, 2025

    Extended Visa Checks Put Companies At Risk, Lawyers Warn

    The government's plan to bring in right-to-work checks on self-employed gig economy workers is unlikely to trouble, say, Deliveroo and Uber Eats. But lawyers tell Law360 that they are concerned that the change will create confusion and legal uncertainty for smaller companies.

  • April 04, 2025

    Being Rich Isn't A Crime, Brother Of Russian Pol Tells Jurors

    The brother of a Russian politician appointed by President Vladimir Putin did not know U.K. restrictions prohibited him from paying school fees for his sibling's children, and it's not a crime to be rich, his defense lawyers told a London jury Friday.

  • April 04, 2025

    Denmark's £56M Cum-Ex Fraud Case Struck Out On Appeal

    Denmark's roughly £56 million ($72 million) tax refund fraud claim against an English brokerage was struck out Friday after a London appeals court ruled that an issue "fundamental" to the case had been decided in earlier proceedings.

  • April 04, 2025

    Ex-Everton FC Director Calls Sanctions Decision 'Political'

    A former director of Everton Football Club accused the British government of being improperly politically motivated when placing him under sanctions after Russia invaded Ukraine, as he asked a court Friday for further information to challenge his designation.

  • April 04, 2025

    Russell Brand Charged With Rape, Sexual Assault

    Actor and comedian Russell Brand has been charged with rape and other historical sexual offenses, the Crown Prosecution Service said on Friday.

  • April 03, 2025

    EU Authorities Arrest 3 In €50M VAT Fraud Investigation

    Authorities have arrested three people for their alleged ties to a €50 million ($55 million) value-added tax fraud scheme involving the trade of electronic goods, the European Public Prosecutor's Office said Thursday, tying this fraud to a larger €195 million scheme that is still under investigation.

  • April 03, 2025

    Staley Told No 'Deliberate' Epstein Lies, Lawyer Says In Close

    Former Barclays CEO Jes Staley was honest about the nature of his relationship with Jeffrey Epstein, his lawyer reiterated in closing submissions at trial Thursday, arguing that Staley told no "direct or deliberate" lies.

  • April 03, 2025

    Trump Must Pay £626K Legal Costs In Steele Dossier Case

    President Donald Trump was ordered by a London judge Thursday to pay about £626,000 ($820,000) to cover the legal costs for the defense of the authors of the infamous "Steele dossier" against his data protection claim, which was thrown out of court last year.

  • April 03, 2025

    FCA Pleads For Quick Motor Finance Decision From Top Court

    The U.K. financial regulator urged Britain's highest court Thursday to deliver its decision on motor finance commissions "as soon as possible" so that hundreds of thousands of open complaints can be dealt with in an "orderly, consistent and efficient way."

  • April 03, 2025

    Russian Politician's Family Hid Sanction Breaches, Court Told

    A former Russian politician appointed by President Vladimir Putin and his family conspired to hide his presence and financial transactions in the U.K. because they "understood perfectly well" that he was sanctioned, prosecutors said in the closing stages of a London criminal trial Thursday.

  • April 03, 2025

    Gowling, Police Team Up To Recoup Fraud Victims' Assets

    City of London Police said Thursday that it has teamed up with international law firm Gowling WLG to support victims of fraud through a civil asset recovery program.

Expert Analysis

  • Factors For London Cos. To Consider If Adding US Listings

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    Recent reports of a continuing valuation gap between London and New York have resulted in some London-listed companies considering U.S. listings to gain an increased investor base, but with various obligations and implications involved in such a move, organizations should consider whether there is a real benefit from trading there, say lawyers at Winston & Strawn.

  • Behind The Stagecoach Boundary Fare Dispute Settlement

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    The Competition Appeal Tribunal's recent rail network boundary fare settlement offers group action practitioners some much-needed guidance as it reduces the number of remaining parties' five-year dispute from two to one, says Mohsin Patel at Factor Risk Management.

  • Assessing The Energy Act 2023, Eight Months On

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    Although much of the detail required to fully implement the Energy Act 2023 remains to be finalized, the scale of change in the energy sector is unprecedented, and with the U.K. prioritizing achieving net-zero, it is likely that developments will continue at pace, say lawyers at Paul Hastings.

  • Decoding Arbitral Disputes: Spanish Judicial Oversight

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    The recent conviction of arbitrator Gonzalo Stampa underscores the critical importance of judicial authority in the realm of international arbitration in Spain, and emphasizes that arbitrators must respect the procedural frameworks established by Spanish national courts, says Josep Galvez at 4-5 Gray’s Inn.

  • Opinion

    Why Timing Makes UK Libor Judgments Controversial

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    The recent U.K. Court of Appeal decision in the R v. Hayes and Palombo appeal against Libor convictions demonstrates that had U.K. regulators probed with the facts known today, civil claims in all jurisdictions would be dismissed and a decadelong wasted investigation should be put to rest, says Charles Kuhn at Clyde & Co.

  • Tips For Orgs Using NDAs In Light Of New UK Legislation

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    The recent passage of the Victims and Prisoners Act follows a crackdown on the misuse of nondisclosure agreements, but although NDAs are not prohibited and regulators recognize their legitimate justification, organizations relying on them must be able to clearly explain that justification if challenged, say attorneys at Macfarlanes.

  • Comparing UK, EU Digital Products Cybersecurity Approaches

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    New U.K. and EU legislation impose different cybersecurity requirements on manufacturers of connectable products, but despite its higher overall standard and holistic approach, organizations should be aware that compliance with the EU act does not necessarily mean satisfying the U.K. regime, says Christopher Foo at Ropes & Gray.

  • Lessons From Epic's Dutch Fine For Unfair Marketing To Kids

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    Dutch regulators' imposition of a €1.1 million fine on Epic Games for unfair commercial practices targeting children marks a significant moment in the ongoing scrutiny of digital market practices, and follows an increased focus on children's online safety in the U.S. and European Union, say attorneys at Crowell & Moring.

  • Risks And Promises Of AI In The Financial Services Industry

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    Generative artificial intelligence has immense potential to revolutionize the financial services industry, but firms considering its use should first prepare to show their customers and the increasingly divided international regulatory community that they can manage the risks inherent to the new technology, say attorneys at Gibson Dunn.

  • EU Anti-Greenwashing Guide Analyzed For Fund Managers

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    Anna Maleva-Otto and Matthew Dow at Schulte Roth explain how the European Securities and Markets Authority’s new guidelines on sustainability-related terms in fund names aim to protect European Union investors from unsubstantiated claims, and how they provide quantifiable criteria for determining which terms can be used to promote their funds.

  • FCA 'Finfluencer' Trial Exposes Social Media Promo Risks

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    The upcoming Financial Conduct Authority prosecution of nine individuals for Financial Services and Markets Act 2000 violations is the first time an online influencer will be tried for using social media to promote investments, demonstrating the need to be wary of the specific legal requirements surrounding financial product promotion, says David Claxton at Red Lion.

  • Appeal Ruling Clarifies 3rd-Party Contract Breach Liability

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    The Court of Appeal's recent decision in Northamber v. Genee World serves as a warning to parties that they may be held liable for inducing another party to breach a contract, even if that party was a willing participant, say Neil Blake, Maura McIntosh and Jennifer O'Brien at HSL.

  • How Law Firms Can Handle Challenges Of Mass Claims

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    With a wave of volume litigation possibly about to hit the U.K. courts, firms developing mass claim practices should ensure they heed the Solicitors Regulation Authority's May warning and adopt strategies to ensure regulatory compliance and fair client representation, says Claire Van der Zant at Shieldpay.

  • EU Directive Significantly Strengthens Enviro Protection

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    The recently revised European Union directive on environmental protection significantly strengthens its prior legislation and broadens the scope of environmental crime through the introduction of offenses for conduct resulting in severe damage, say Katharina Humphrey and Julian Reichert at Gibson Dunn.

  • How Revision Of The EU Works Directive May Affect Cos.

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    The European Union’s proposed revision of the Works Councils Directive, motivated by perceived shortcomings of existing legislation and the transformation of the world of work, includes significant changes that would increase workers' rights, including through strengthened enforcement and confidentiality provisions, says Thomas Player at Eversheds Sutherland.

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