Corporate Crime & Compliance UK

  • December 23, 2025

    Sauce Was Vital Ingredient In €9M Deal, Restaurateur Says

    A French restaurant manager has denied lying about his work history in order to secure a €9.3 million ($11 million) investment from a private equity firm for a food chain venture, saying that the company had backed the deal for his "secret sauce" recipe.

  • December 23, 2025

    UK Supreme Court Recalibrates Class Action Opt-Out Test

    A decision by the U.K. Supreme Court to block a £2.7 billion ($3.6 billion) claim against major banks over foreign exchange-rigging has recalibrated the test for when a collective action should be brought through opt-out proceedings, lawyers say.

  • December 23, 2025

    The Biggest UK Commercial Fraud Cases In 2025

    Denmark's stinging defeat in a £1.4 billion ($1.9 billion) tax fraud claim and a U.K. Supreme Court ruling that widens the net for individuals who facilitate fraud are among the defining moments in the biggest commercial fraud cases of 2025.

  • December 22, 2025

    Loopholes Hinder FCA Firm Checker's Ability To Fight Fraud

    The Financial Conduct Authority is failing to stop financial fraud because criminals are finding ways round its limited actions and technologies, said lawyers, who are calling for government legislation to boost the watchdog's powers.

  • December 22, 2025

    Taskforce Identifies Red Flags In Foreign Bribery Cases

    Suspicious sources of wealth, unusual financial secrecy and opaque corporate ownership structures are just some of warning signs of foreign bribery that professional service providers and global companies should watch for, an international task force said Monday.

  • December 22, 2025

    Liverpool FC Sues Security Co. Over £1M Warehouse Theft

    Liverpool Football Club is suing a company responsible for maintaining security systems at a warehouse for more than £1 million ($1.3 million), blaming the business for lapses that allowed burglars to break in and steal merchandise.

  • December 22, 2025

    Insurer Travelers Denies Liability For £6M Axiom Client Funds

    Insurer Travelers has argued at a London court that it is not liable under its policy with Axiom Ince for £5.8 million ($7.8 million) that a home buyer lost when the now-collapsed law firm misappropriated his cash during a property deal.

  • December 22, 2025

    FCA Strips Regulatory Permissions From Pensions Adviser

    The Financial Conduct Authority has slapped a pension adviser with a ban on carrying out regulated activity after a series of breaches, including a failure to pay off an arbitration award.

  • December 22, 2025

    BHP Switches To HSF Kramer Guidance In Mariana Dam Case

    BHP has replaced Slaughter and May with HSF Kramer to represent it in the £36 billion ($48 billion) Mariana dam litigation after a London court found the miner liable for the collapse that triggered Brazil's worst environmental disaster.

  • December 22, 2025

    UK Recovers Just 28% Of Frozen Criminal Assets

    Two flagship legal tools introduced to help Britain tackle kleptocracy are failing, Spotlight on Corruption has said, as the charity published a report on the flow of illicit money into the domestic economy.

  • December 19, 2025

    Man Jailed For 28 Months Over Fake Stolen Lego Claims

    A man based in South Yorkshire has been jailed for 28 months for making a string of fraudulent insurance claims, the financial crime police unit said this week, including over allegedly stolen high-value Lego sets that were later found by police on display in his house.

  • December 19, 2025

    FCA's AML Role May Overburden Barristers, Bar Council Says

    The Bar Council has warned that making the Financial Conduct Authority the sole anti-money laundering watchdog for professional services firms could disproportionally hit barristers with more regulation and costs, calling on the government to tread carefully with any proposed increase in the financial regulator's powers.

  • December 19, 2025

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

    This past week in London has seen the designer of an 88-facet diamond bring a copyright claim against a luxury watch retailer, collapsed firm Axiom Ince bring legal action against the solicitors' watchdog, and the Post Office hit with compensation claims from two former branch managers over their wrongful convictions during the Horizon information technology scandal.

  • December 19, 2025

    FCA Probes WH Smith Over North America Profits Error

    The Financial Conduct Authority revealed Friday that it has started an investigation into WH Smith PLC over potential breaches of transparency rules following an independent review that found the retailer's North American division had overstated profit by as much as £50 million ($67 million).

  • December 19, 2025

    Men Banned For 23 Years Over £14M Overdraft Scheme

    Two former business associates who channeled £13.9 million ($18.6 million) through company accounts using unauthorized overdrafts have been disqualified from serving as company directors for a combined total of 23 years, the Insolvency Service has said.

  • December 19, 2025

    VTB Loses Bid To Recover £205M Amid UK Unit's Insolvency

    A London court ruled Friday that there is nothing unlawful about the U.K. amending a sanctions license that would block VTB Bank of Russia from recovering approximately £205 million ($274 million) in debts through the administration of its British subsidiary.

  • December 19, 2025

    The Biggest Financial Crime Cases Of 2025

    The U.K. Supreme Court's overturning of the convictions of two traders imprisoned for rate rigging, the first use by the anti-fraud agency of a rare legal power to recover criminal cash and the first ever conviction for sanctions breaches are among the big corporate crime cases of 2025.

  • December 19, 2025

    JD Sports Settles Sexual Harassment Claim For £65K

    High Street giant JD Sports has agreed to pay £65,000 ($87,000) to a former sales assistant who was slapped on the bottom by her male supervisor.

  • December 19, 2025

    Banks To Set Own Limit For Contactless Payments In March

    U.K. banks and payment firms will have greater freedom to set their own contactless payment limits from March, reflecting evolving consumer habits, technology and inflation, the Financial Conduct Authority said Friday.

  • December 18, 2025

    Michelle Mone-Linked Biz Wound Up After £122M Judgment

    A London court on Thursday wound up a medical equipment company linked to Conservative peer Michelle Mone, just over two months after it was ordered to repay the government £122 million ($163 million) for supplying unsafe surgical gowns during the COVID-19 pandemic.

  • December 18, 2025

    Denmark Files To Appeal £1.4B Cum-Ex Fraud Case Defeat

    Denmark has launched its effort to revive its £1.4 billion ($1.8 billion) case over a tax fraud allegedly orchestrated by convicted hedge fund trader Sanjay Shah, according to court filings seen by Law360 Thursday.

  • December 18, 2025

    HMRC Wins Burden Of Proof Query In £54M Tax Fraud Case

    A London appeals court ruled Thursday that HM Revenue & Customs doesn't bear the burden of proof in its tax liability claim against a British businessman it alleges used a company to commit alcohol smuggling and tax evasion of over £54 million ($72.2 million), plus penalties.

  • December 18, 2025

    EuroChem Can't Ax Order To End Tecnimont Russian Litigation

    EuroChem failed on Thursday to overturn an order for it to end legal proceedings in Russia brought against Italian industrial group Tecnimont SpA — including a judgment award worth more than $2 billion — in breach of an English arbitration agreement.

  • December 18, 2025

    Meet The Lawyers Tapped To Defend In Entain Bribery Case

    Eleven gambling managers and employees, including former top executives at Ladbrokes and Coral owner Entain PLC, have enlisted veteran defense counsel and some of the country's most experienced trial solicitors and barristers to defend themselves against the Crown Prosecution Service's bribery and fraud charges.

  • December 18, 2025

    SFO Can Seize £928K From Ex-Adviser Over Legal Fund Fraud

    The Serious Fraud Office got the go-ahead on Thursday to seize almost £1 million ($1.3 million) from a former financial adviser convicted of siphoning £5.8 million in covert commission payments from a legal financing fund.

Expert Analysis

  • Banker Remuneration Proposals Could Affect More Than Pay

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    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.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “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.

  • EU Report May Influence Regulation Of Decentralized Finance

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    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.

  • EU Paper Urges Data Protection And Competition Law Unity

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    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.

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    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.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    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.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    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.

  • Review Of Computer Evidence Use Raises Complex Issues

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    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.

  • How Proposed Private Share Trading System May Benefit Cos.

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    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.

  • New Bill Introduces Important Whistleblower Protections

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    If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.

  • What To Expect As CAT Considers Mastercard Settlement

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    It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

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