Try our Advanced Search for more refined results
Corporate Crime & Compliance UK
-
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.
-
August 01, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen several telco giants hit with a trademark claim, a collapsed hotel company sue a property investor in an ongoing dispute over a decades-old hotel sale, and two litigation funders square off against each other.
-
August 01, 2025
BT Customers Lose Bid To Revive £1.3B Unfair Pricing Claim
BT customers lost their attempt Friday to revive a £1.3 billion ($1.7 billion) class action against the telecommunications giant, after the Court of Appeal ruled there was nothing wrong with the assessment of evidence used to decided whether the company charged excessive and unfair prices.
-
August 01, 2025
FCA Hits Brokerage With £1M Fine For Deal Report Failures
The City watchdog said Friday that it has hit a global brokerage with a fine of more than £1 million ($1.3 million) for the "particularly serious" failure to submit complete and accurate transaction reports over a five-year period.
-
July 31, 2025
Yahoo Says Chubb Unit Must Cover Potential EU Privacy Fines
Yahoo says a Chubb subsidiary is obligated to cover regulatory fines that might be leveled against one of the tech company's subsidiaries for violating the European Union's data privacy law, but the insurer has refused to honor the policy, according to a lawsuit filed this week in Delaware.
-
July 31, 2025
Asset Freeze Sticks In Billionaire's $415M Fraud Case
A London appeals court on Thursday upheld an asset freeze against a man accused of defrauding Ricardo Salinas Pliego out of more than $415 million, finding no reason to doubt the Mexican billionaire is "exceedingly wealthy" and able to compensate the other side if he ultimately loses his claim.
-
July 31, 2025
Developer Denies Misusing Victims' Funds In £226M Fraud
A developer convicted for running a £226 million ($299 million) Ponzi scheme denied treating overseas properties bought with his victims' money as his "pension fund" as he gave evidence in court Thursday.
-
July 31, 2025
SocGen, ING Win €212M EuroChem Bonds Sanctions Fight
A Russian subsidiary of EuroChem lost its fight Thursday to force European banks to pay out on €212 million ($242 million) worth of bonds, after a court ruled that the payouts are blocked because the Swiss agricultural chemicals company is owned by a sanctioned oligarch.
-
July 31, 2025
West Ham Star Cleared Of Spot-Fixing Matches
The Football Association said Thursday that an independent panel has cleared West Ham United player Lucas Paquetá of four spot-fixing charges linked to allegations that he had deliberately received yellow cards in four Premier League matches.
-
July 31, 2025
FCA Finds Failings In Digital Loan Application Processes
The Financial Conduct Authority said Thursday that some companies are designing digital loan application processes badly, slowing decision-making and excluding cost information that consumers need.
-
July 31, 2025
SRA Warns Law Firms Over Handling Of Motor Finance Claims
The solicitors' watchdog warned law firms Thursday that they must tell prospective clients about possible cost-free ways to pursue their motor finance commission claims before agreeing to act on a case for a fee.
-
July 31, 2025
FCA Probe Target Gets 12 Months In Jail For Contempt
An exiled businessman suspected of offering unregulated debt counseling has been handed a 12-month prison sentence for deliberately breaching restrictions on his assets by spending $84,000 on luxury items, travel and hotels.
Expert Analysis
-
Rising To The Task Of Online Safety Act Compliance
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
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
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
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
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
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
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
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.
-
ECB Guide Targets Harmonized Cyber Testing Approach
The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.
-
Court Backlog Could Alter Work Safety Enforcement Priorities
While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.
-
New CMA Powers Will Change Consumer Protection Regime
The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.
-
Opinion
Prospects For New Fraud Prevention Prosecution Look Slim
With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.
-
What's Next After FCA Drops Troubled 'Name And Shame' Plan
A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.
-
What To Note In EU Tech Transfer Agreements Consultation
Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.
-
UK Refusal Of US Extradition Request May Set New Standard
The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.