Corporate Crime & Compliance UK

  • March 23, 2026

    Four Men Convicted Of Duping Investors Out Of Millions

    Four men accused of defrauding investors out of millions of dollars in get-rich-quick schemes have been convicted of fraud and money laundering, prosecutors said Monday.

  • March 23, 2026

    Modi Owes $10M For Diamond Firm Loans, Bank Of India Says

    Bank of India told a London court on Monday that jewelry magnate Nirav Modi has failed to pay it $10.7 million after he guaranteed to cover loans to his diamond company.

  • March 23, 2026

    FCA Opens Its Data To Palantir In Fraud Crackdown

    The Financial Conduct Authority said Monday that it will give Palantir Technologies Inc. access to its regulatory data as part of its efforts to crack down on financial crime by using artificial intelligence as a resource. 

  • March 20, 2026

    Misconduct Reports To FCA Double In Number Since 2020

    The number of reports the FCA has received about misconduct by financial services firms has more than doubled in the last five years, law firm Littler has said.

  • March 20, 2026

    FCA Halts Co.'s Operations Due To Manager's 10-Year Ban

    The U.K.'s finance regulator said Friday that it had ordered a consumer credit company to stop operating and to return funds to clients, saying it found that a senior manager at the company had been banned from running a company for a decade.

  • March 20, 2026

    OneCoin Investors Agree To Lift Financier's Asset Freeze  

    Investors pursuing litigation over the alleged $4 billion OneCoin cryptocurrency fraud have struck a deal to lift a worldwide freezing order against a British financier. 

  • March 20, 2026

    Cancer Researcher Convicted For Falsifying Invoices

    An individual involved in cancer research has been fined and hit with community service order after prosecutors accused them of falsifying invoices to inflate reimbursement claims against the European Union. 

  • March 20, 2026

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

    The past week in London has seen an ex-professional footballer revive a dispute with Charles Russell Speechlys, Virgin Media face a group data protection claim after hundreds of thousands of customers' personal details were exposed online for months, and Mishcon de Reya sued by a real estate private equity firm founded by a former Morgan Stanley executive.

  • March 20, 2026

    MFS Faces FCA Probe After Collapse With £1B Debts

    The City watchdog said Friday that it has launched an enforcement investigation into Market Financial Solutions Ltd., a U.K. provider of property loans that collapsed in February with debts of more than £1 billion ($1.3 billion).  

  • March 19, 2026

    SRA Chief Targets Risks To Consumers In 2026

    The Solicitors Regulation Authority will make operational changes and take a more forward-looking approach to identifying risks to consumers, after acknowledging failings in its performance.

  • March 19, 2026

    EU Court Advised To Uphold €20M Canned Veg Cartel Fine

    A European Union advocate general recommended on Thursday that the bloc's highest court dismiss a challenge from a canned vegetable producer to a €20 million ($23 million) fine for cartel activity, suggesting that the EU's competition enforcer didn't miscalculate the fine.

  • March 19, 2026

    Speed Up Delivery Of Consolidated Tape, EU Trade Bodies Say

    Two leading European trade bodies for financial institutions have called on policymakers to speed up the delivery of the consolidated tape to boost market competitiveness, warning that rules on best execution of trades for retail investors need effective enforcement.

  • March 19, 2026

    HMRC Proposes Stricter Transaction Reporting For Small Cos.

    The U.K.'s tax authority wants to hear from small businesses about plans to require entities to disclose close company transactions such as cash withdrawals to it as part of an effort to reduce tax compliance failures, the agency said Thursday.

  • March 19, 2026

    PI Loses Bid To Block Extradition To US On Hacking Charges

    A private investigator accused of hacking activists on behalf of ExxonMobil to subvert climate change litigation lost his bid on Thursday to overturn a decision to allow his extradition to the U.S. to face trial.

  • March 19, 2026

    Ex-Battersea Power Station Chief Sues Over Whistleblowing

    The former chief executive of Battersea Power Station is suing the Malaysian company that redeveloped the decommissioned site and four executives for allegedly firing him after he blew the whistle on an inflated balance sheet, his lawyers said Thursday.  

  • March 18, 2026

    Greensill Can't Stop Disqualification Case Over Unfair Probe

    Lex Greensill failed Wednesday to strike out U.K. government proceedings to disqualify him as a company director, as a London court ruled that a full trial is needed to assess the fairness of the investigation running up to the case.

  • March 18, 2026

    MFS Owner Hit With Asset Freeze After Mortgage Biz Collapse

    The owner of failed U.K. mortgage provider Market Financial Solutions has been hit with a worldwide freezing order, administrators said Wednesday in the wake of fraud allegations following its collapse in February with debts in excess of £1 billion ($1.3 billion).

  • March 18, 2026

    1st SLAPP Ruling Delivers Symbolic But Limited Landmark

    A judge recently found for the first time that a claim met the statutory definition of a strategic lawsuit against public participation, offering a symbolically significant — if limited — test of new powers designed to curb abusive litigation.

  • March 18, 2026

    MoD Whistleblower's Airbus Corruption Claim Gets Delayed

    A whistleblower's claim against the government and an Airbus subsidiary for damages will be delayed after a London judge said Wednesday that the court will not have enough time to determine crucial issues in the case.

  • March 18, 2026

    Oil Exec Denies Role In €144M Petro Biz Embezzlement Case

    An executive has denied that he acted as the shadow director of a Singaporean oil company that says it was the victim of a €143.8 million ($165.6 million) forgery and payment diversion fraud, rejecting claims he could have known about the misappropriation.

  • March 18, 2026

    FCA Denies Exerting 'Undue Pressure' During Odey Probe

    A manager at the City watchdog who conducted its supervision of Crispin Odey's hedge fund rejected the financier's allegations that pressure from the watchdog made other executives incapable of fairly disciplining him over allegations of misconduct.

  • March 18, 2026

    HMRC Counters Barclays Bid To Revive £800M Tax Deduction

    Barclays Bank wasn't entitled to treat as a corporate tax deduction £800 million ($1 billion) of £3 billion raised issuing debt instruments in a deal with Qatar and Abu Dhabi, HM Revenue & Customs argued Wednesday, because the bank gave away certain securities as a "sweetener" for the deal.

  • March 17, 2026

    Barclays Defends £800M Deduction For Financial Crisis Debt

    Barclays Bank defended its tax treatment of £3 billion ($4 billion) in debt instruments issued during the financial crisis, telling the U.K. Upper Tribunal on Tuesday that £800 million should be deductible as a debit arising from a loan.

  • March 17, 2026

    Mex Group Faces Losses Probe After Dropping £85M Case

    A London court on Tuesday ordered an inquiry into losses allegedly caused by a worldwide asset freeze obtained by Mex Group against two business executives and a financial services company, after the group abandoned its £85 million ($114 million) proceedings underpinning the freeze.

  • March 17, 2026

    Visa, Mastercard Win Shot At Overturning Fee Liability Ruling

    Visa and Mastercard won their bid for permission to appeal a ruling that found their swipe fee schemes had violated competition rules, with the Competition Appeal Tribunal ruling Tuesday that all the credit card giants' grounds of appeal merit a full hearing.

Expert Analysis

  • How UK Supreme Court May Assess Russia Sanctions Cases

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    In two recent U.K. Supreme Court cases challenging the U.K. Russia sanctions regime, the forthcoming judgments are likely to focus on proportionality and European Convention on Human Rights compatibility, and will undoubtedly influence how future challenges are shaped, says Leigh Crestohl at Zaiwalla.

  • Roundup

    Practice Leader Insights

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    This year, 42 leaders of employment, intellectual property, insurance and transactions practice groups shared thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area.

  • How EU Digital Act Could Shape UK Technology Disputes

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    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.

  • Key Findings From EU Report On Antitrust Remedies

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    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.

  • How Foreign Cos. Should Prep For New UK Fraud Law

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    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.

  • Opinion

    EU's AI Code Of Practice Creates Risk Of Regulatory Clashes

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    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.

  • Ruling In SFO Case Shows How Contract Rules Apply To DPAs

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    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.

  • What To Know About Compliance As EU AI Act Takes Effect

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    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.

  • 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.

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