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Corporate Crime & Compliance UK
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October 01, 2025
FCA Gives Chancellor 4-Point Plan For Consumer Duty
The Financial Conduct Authority has given the chancellor of the exchequer a four-part plan to change the Consumer Duty, with additional legislative steps for the Treasury to take, setting out its proposals in a letter published Wednesday.
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October 01, 2025
FRC Eyes Public, Accelerated Action For Audit Breaches
The accounting watchdog set out proposals on Wednesday to enhance its enforcement approach, introducing new options for more targeted and faster action against auditors that break the rules, including publication of cases it has pursued.
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October 01, 2025
Bank CEO Cleared Of Dishonestly Assisting £415M Tax Fraud
A Caribbean bank and its former chief executive have been cleared of dishonestly assisting a £415 million ($558 million) value-added tax fraud as a London court ruled that he did not know about the scheme to defraud tax authorities.
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October 01, 2025
Betfred Operator Hit With Fine For Misleading Slot Practices
The gambling watchdog revealed Wednesday that it has hit the online gambling company which runs Betfred with a £240,000 ($324,000) fine for operating slot games that celebrated losses as wins and failed to show customers their total winnings versus losses.
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September 30, 2025
Credit Suisse Aided Looting Of Tech Exec's Stock, Suit Says
The co-founder of sensing-tech company Aeva Technologies says Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars in Aeva shares from him in what he described as a "calculated, multi-year orchestrated racketeering scheme," according to a suit filed Tuesday in New York federal court.
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September 30, 2025
Data Biz Exec Denies Helping To Hide Property Mogul Assets
A data center executive has denied conspiring to hide assets belonging to property mogul Andrew Ruhan from the liquidators of a hotel company, telling a London court that Ruhan's employment at his company was not a sham.
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September 30, 2025
Pharma Supplier Hit With Fine For Russian Sanctions Breach
Britain's sanctions watchdog revealed on Tuesday that it has fined a subsidiary of global pharmaceutical supplier Colorcon Inc. £152,750 ($206,000) for breaching sanctions against Russia by paying thousands of pounds to employees in Moscow.
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September 30, 2025
Briton Who Beat Extradition To Be Sentenced For Crypto-Theft
A London criminal court told a British man Tuesday that he will be sentenced in December for stealing millions of pounds worth of cryptocurrency, more than two years after he avoided extradition to the U.S.
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September 30, 2025
FCA Staffer Axed For Harassment Loses Fair Trial Appeal
A London appeals judge rejected an argument on Tuesday from a former employee of the Financial Conduct Authority that an earlier tribunal had denied him a fair trial in his unfair dismissal claim against the watchdog.
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September 30, 2025
Ex-Havilland CEO Knew Of Qatar Currency Plot, FCA Says
The former chief executive of Banque Havilland's U.K. branch must have known about the content of a presentation outlining a plan to devalue Qatar's currency, the Financial Conduct Authority told the closing stages of an appeal hearing at a tribunal Tuesday.
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September 30, 2025
Fixer Admits Money Laundering In £5B Crypto-Fraud Case
A fixer for a Chinese woman who fled her country amid allegations of fraud admitted at a London court Tuesday to laundering cryptocurrency on her behalf, after police said they had seized £5.5 billion ($7.4 billion) in virtual currency in its investigation into the case.
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September 30, 2025
Ex-Law Firm Paralegal Barred After £11K Theft From Clients
A former paralegal sentenced to prison for stealing more than £11,000 ($14,785) from two vulnerable clients has been banned by the solicitors' regulator.
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September 30, 2025
New UK Task Force To Investigate COVID Loan Fraud
HM Treasury has unveiled plans for a new investigations team backed with £17.5 million ($23.5 million) of government funding that will have the power to issue "huge fines" to go after those who abused COVID-19 bounce back loans.
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September 30, 2025
6 In 10 SMEs Hit By Cyberattack In 2025, Hiscox Says
Some 59% of small and midsized enterprises have said they experienced a cyberattack in the last year, Hiscox said Tuesday, highlighting the evolving threat posed by criminals adapting to new technologies to exploit businesses.
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September 29, 2025
Woman Cops To Money Laundering In £5B Crypto-Fraud Case
A Chinese woman who fled her country amid allegations she defrauded 128,000 people pleaded guilty to money laundering charges in London on Monday as police said they seized a record £5.5 billion ($7.4 billion) in cryptocurrency.
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September 29, 2025
SFO Denies $7.7M Seizure From Ex-Petrobras Exec Is Political
The Serious Fraud Office defended on Monday its $7.7 million seizure from a former Petrobras executive, telling a court that the case was rooted in evidence of corruption and not as a "catspaw" influenced by shifting political winds in Brazil.
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September 29, 2025
EuroChem Can Appeal €212M Bond Ruling Over EU Sanctions
A London court granted EuroChem permission on Monday to appeal against a ruling that Société Générale and Dutch lender ING rightly refused to pay out on €212 million ($249 million) worth of bonds to the agricultural chemicals company's Russian subsidiary.
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September 29, 2025
EU Council Reinstates Sanctions Over Iran's Nuclear Activities
The European Union said on Monday that it will reimpose sanctions on Iran, following the lead of the United Nations, which brought back restrictions over concerns that the Middle Eastern country had breached a commitment to halt its nuclear weapons development.
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September 29, 2025
Most Investors Fear Greenwashing In ESG Investments
A financial services trade body said Monday it has discovered that most private investors are concerned about greenwashing in investments and even more prioritize performance over sustainability.
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September 29, 2025
Facebook Users Bid To Expand £2.3B Data Claim Against Meta
A class representative for millions of U.K. consumers sought on Monday to expand a £2.3 billion ($3.1 billion) case against Meta for allegedly exploiting their data by adding a new category of damages over what Facebook should have paid for their personal information.
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September 29, 2025
Demoted SFO Investigator Was Not Team Player, Boss Claims
A Serious Fraud Office manager told a London tribunal on Monday that he recommended against renewing a senior investigator's temporary promotion because he was not a team player, not because the investigator voiced concerns about being told not to criticize cases.
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September 26, 2025
SFO Gears Up For Fight Over Ex-Petrobras Exec Cash Seizure
The Serious Fraud Office will fight on Monday to hold on to its largest-ever seizure of cash as part of the first-ever legal challenge contesting the agency's powers to confiscate allegedly tainted money.
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September 26, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Sanjeev Gupta’s Liberty OneSteel sue its collapsed former lender Greensill Capital, television personality Janice Dickinson hit ITV with a personal injury claim after falling over while appearing on “I’m a Celeb …”, and energy investor Blasket bring fresh litigation against Spain amid a row over a $416 million arbitration award. Here, Law360 looks at these and other new claims in the U.K.
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September 26, 2025
UK-Bermuda Target Sanctions Evasion With £300K New Funds
The U.K.'s minister of state for the overseas territories has pledged up to £300,000 ($402,000) this financial year to bolster the sanctions capacity of Bermuda, a self-governing territory that has so far frozen over $200 million in assets.
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September 26, 2025
SFO Fights To Secure £1M From Solicitor Convicted Of Fraud
A former solicitor serving a 14-year prison sentence for siphoning off investors' money through a fraudulent offshore "get-rich-quick" legal aid scheme is potentially facing a further five-year sentence for failing to pay back over £1 million ($1.3 million) to victims, court heard Friday.
Expert Analysis
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How EU Digital Act Could Shape UK Technology Disputes
Noncompliance with the recently effective European Union Digital Operational Resilience Act will add layers of complexity to disputes and litigation for U.K.-based firms servicing EU entities, but international standards may serve as a bridge between jurisdictional and contractual misalignments, says Siobhan Forster at Alvarez & Marsal.
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Key Findings From EU Report On Antitrust Remedies
Although the European Commission’s recent report assessing the effectiveness of its antitrust policy on behavioral remedies is not binding, it may influence future cases and promote coherence, providing useful insights for national competition authorities and courts when considering remedies in their own jurisdictions, say lawyers at Paul Weiss.
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How Foreign Cos. Should Prep For New UK Fraud Law
As the U.K. prepares to hold companies criminally liable for failing to prevent fraudulent acts of their associates, U.S. and global companies should review their compliance measures against the broad language of this new offense, which could permit prosecution of acts committed entirely abroad, say attorneys at Latham & Watkins.
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Opinion
EU's AI Code Of Practice Creates Risk Of Regulatory Clashes
The second draft of the European Commission's Artificial Intelligence Code of Practice significantly expands beyond the European Union's existing legal framework for AI — especially around copyright protection, public transparency and reporting obligations — and risks interfering with other EU laws by introducing requirements contrary to existing regulations, say lawyers at MoFo.
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Ruling In SFO Case Shows How Contract Rules Apply To DPAs
The Court of Appeal’s recent decision upholding the Serious Fraud Office's first-ever attempt to enforce an expired deferred prosecution agreement illustrates that the courts' approach to DPAs is governed by the rules of contract, and that the intention of the parties at the time of agreement is critical to contract interpretation, say lawyers at Simmons & Simmons.
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What To Know About Compliance As EU AI Act Takes Effect
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.
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Banker Remuneration Proposals Could Affect More Than Pay
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.
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Rethinking 'No Comment' For Clients Facing Public Crises
“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.
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EU Report May Influence Regulation Of Decentralized Finance
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.
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EU Paper Urges Data Protection And Competition Law Unity
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.
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Market Infrastructure Regs Aim To Reinvigorate EU Trading
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.
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The Pros And Cons Of A 2nd Trump Term For UK Tech Sector
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.
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Why EU Omnibus Package Is Receiving Mixed Reactions
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.
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Review Of Computer Evidence Use Raises Complex Issues
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.
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How Proposed Private Share Trading System May Benefit Cos.
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.