Corporate Crime & Compliance UK

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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. 

  • 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.

  • 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.

  • 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.

  • 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.

  • 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. 

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • September 26, 2025

    Digital ID Plan Welcome But 'Unlikely' To Curb Illegal Work

    Lawyers questioned on Friday whether the U.K. government's plan to introduce a digital identification scheme to combat illegal working will make much of a difference — but a leading business group has said the proposal could simplify hiring and prevent fraud.

Expert Analysis

  • How CMA Is Responding To UK Gov't Pro-Growth Agenda

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    With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes.

  • US Diversity Policies Present Challenges To UK And EU Cos.

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    Following President Donald Trump’s recent executive orders calling for increased scrutiny of diversity, equity and inclusion initiatives, it is clear that global businesses operating in the U.K. and European Union will need to understand regional nuances to successfully navigate differing agendas on either side of the Atlantic, say lawyers at Jenner & Block.

  • Updated EU Procedure Streamlines Data Transfer Approval

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    The European Data Protection Board’s updated approval procedure for binding corporate rules for transfers of personal data to non-European Union countries promotes consistency for regulator communications during the application process, and sets expectations for processing timelines, say lawyers at Hogan Lovells.

  • What Cos. Must Note From FCA Bulletin On Leaking M&A Info

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    The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.

  • FCA's Odey Decision Is Wake-Up Call For Financial Firms

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    The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.

  • How Ransomware Payment Reforms Could Affect UK Cos.

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    The Home Office’s recent proposals to ban ransomware payments by publicly owned bodies is a welcome first step in its aims to tackle the cybercrime industry, but the risk remains that hackers will now focus on private companies that are still permitted to pay a ransom, says Dominic Holden at Lawrence Stephens.

  • 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.

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