Corporate Crime & Compliance UK

  • May 18, 2026

    UK Regulators Set Out Program To Boost Digital Assets

    U.K. financial regulators published proposals on Monday to support businesses in the sector to develop and accelerate the digitalization of shares or bonds and its infrastructure.

  • May 18, 2026

    EY Pays £105M To Settle NMC Health Audit Negligence Claim

    EY has paid £105.5 million ($141 million) to the administrators of NMC Health PLC after settling a £2 billion claim over its allegedly negligent auditing of the collapsed hospital operator and failure to spot major fraud by the health giant's shareholders.

  • May 15, 2026

    Wealth Inequality Worsened By Tax Gap, Think Tank Says

    The tax gap is contributing to the inequality of wealth in the U.K. that has resulted in 350 individuals and families having a combined wealth equivalent to around a quarter of the country's gross domestic product, a think tank said Friday.

  • May 15, 2026

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

    The past week in London has seen singer Rita Ora be sued by her management company, the billionaire Gertner brothers file a part 8 claim and Stephenson Harwood lodge a debt claim against a member of the Bulgari jewelry dynasty. Here, Law360 looks at these and other new claims in the U.K.

  • May 15, 2026

    Bank Exec's Whistleblowing Didn't Spark Hotel Spend Probe

    A U.K. bank has beaten a former executive's claim that it penalized her for blowing the whistle on alleged regulatory failures, persuading a tribunal that its disciplinary probe into her hotel spending was not a sham.

  • May 15, 2026

    Switzerland Drops UK Extradition Bid For Venezuelan Tycoon

    Swiss prosecutors have dropped their bid to extradite a Venezuelan entrepreneur living in the U.K. in connection with money laundering allegations, the Crown Prosecution Service has confirmed. 

  • May 15, 2026

    British Gas To Pay £90M Over Ofgem Prepayment Meter Probe

    British Gas owner Centrica PLC said Friday that it has agreed to pay up to £90 million ($120 million) to reach a settlement over an investigation by the energy markets regulator into involuntary prepayment meter installations for vulnerable customers.

  • May 14, 2026

    Trader Accused Of Using $9M Investment Deal To Buy House

    A management consultancy has told a London court that a purported bond-market trader used a $9.4 million investment to buy a country home and other businesses instead of paying promised returns.

  • May 14, 2026

    Ex-Deputy PM Rayner Says She's Cleared Of Tax Claims

    Britain's tax authority has cleared former Deputy Prime Minister Angela Rayner of claims that she dodged taxes on an £800,000 ($1 million) property, according to an interview published Thursday, just as the Labour government faces demands for new leadership.

  • May 14, 2026

    PE Co. Settles €9.3M Fraud Claim Against Restauranteur

    A private equity shop's special purpose vehicle has settled its case against a French restaurant manager alleging that he lied about his previous work experience to secure a €9.3 million ($11 million) investment for a failed food business venture.

  • May 14, 2026

    Mehta Says He Signed Fake Board Minutes At Exec's Request

    A diamond and jewelry tycoon accused of swindling more than $1 billion from banks testified at trial in London on Thursday that he never attended board meetings and signed off on minutes years after the fact without ever seeing the contents.

  • May 14, 2026

    Jusan Refused Ex-Exec's Payment Over Embezzlement Claims

    A former executive at investment holding company Jusan Technologies Ltd. won his whistleblowing case on Thursday after a tribunal found that the British company withheld money he was due after he raised concerns about embezzlement.

  • May 13, 2026

    Crispin Odey Settles Several Women's Sex Assault Claims

    Crispin Odey has settled sexual assault claims brought against him by several women, a month after he dropped his £79 million ($107 million) libel claim against the Financial Times over articles which brought the allegations to public attention.

  • May 13, 2026

    UK Gov't Plans Bills For Closer EU Links, Financial Reforms

    New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.

  • May 13, 2026

    HMRC Warns Against New Fraud Trend

    A growing number of taxpayers are falling for scammers promoting bills of exchange as a means of paying off a tax liability, Britain's tax authority warned Wednesday.

  • May 13, 2026

    Suspect Arrested In €18M Electronics VAT Fraud Scheme

    European prosecutors said Wednesday that German authorities arrested one suspect and carried out a series of raids in an investigation into an alleged €18 million ($21 million) value-added tax carousel fraud involving the cross-border sale of small electronics.

  • May 13, 2026

    Diamond Tycoon Denies Family Ran Firms In $1B Gold Fraud

    A diamond and jewelry tycoon accused of swindling more than $1 billion from banks has denied controlling various businesses that carried out the Indian gold bullion fraud, as he testified on Wednesday at the trial brought by the liquidators of U.K. companies.

  • May 13, 2026

    Chubb, Fidelis Lose Russian Aircraft Contribution Claim Bid

    A High Court judge on Wednesday blocked an attempt by insurers Chubb and Fidelis to claim contributions from a group of underwriters for their liability to aircraft lessors for planes stranded in Russia after the invasion of Ukraine.

  • May 12, 2026

    MFS Owner Accused Of 'Plundering' £1.3B For Lavish Lifestyle

    The administrators of Market Financial Solutions have accused the collapsed lender's owner of systematically plundering £1.3 billion ($1.8 billion) in a "widescale" fraud to fund his "lavish lifestyle."

  • May 12, 2026

    Deutsche Bank Can Question Billionaire In $360M Debt Fight

    Deutsche Bank can seek to force Monaco-based billionaire Alexander Vik to answer questions about his company's assets to help claw back debt exceeding $360 million, after a London appeals court ruled Tuesday it does have the power to issue such an order.

  • May 12, 2026

    VTB Can't Lift Block On $156M JPMorgan Russian Funds Case

    VTB Bank has lost its bid to lift an injunction that blocks it from bringing a $156 million case against JPMorgan in Russia over frozen funds, with a London appeals court upholding a ruling that the claim was "vexatious and oppressive."

  • May 12, 2026

    New Liability Rules Put Businesses In Uncharted Territory

    New powers that put companies on the chopping block for crimes committed by their executives dramatically expand corporate liability to include a wider array of offenses, which businesses already struggling with "compliance fatigue" have barely begun to grapple with, lawyers say.

  • May 12, 2026

    Ex-Privatbank Owners Say Payments Erased $3B Fraud Loss

    The former owners of PrivatBank urged an appeals court on Tuesday to overturn a finding that they owe the Ukrainian lender $3 billion, arguing that a later repayment to the bank "extinguished" the loss resulting from their fraudulent loan recycling scheme.

  • May 12, 2026

    Investigators Seize £725K Linked To Brazilian Bribery Case

    Financial crime investigators in Jersey have seized more than £725,000 ($980,000) in bribes that were laundered by the former chief executive of Brazil's largest oil and gas transportation company.

  • May 12, 2026

    FCA Bans, Fines Pensions Advisory Director For Misconduct

    The Financial Conduct Authority said on Tuesday that it has fined a pensions adviser £755,000 ($1 million) and banned him from working in financial services in Britain for acting without integrity and putting customers at risk for personal gain.

Expert Analysis

  • 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.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    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

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    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

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    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.

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