Corporate Crime & Compliance UK

  • February 16, 2026

    SRA Faces £400K Bill After SLAPP Conviction Overturned

    A media lawyer who managed to overturn a conviction by the Solicitors Regulation Authority for allegedly trying to silence journalists has also won a costs order against the regulator, as the SRA was ordered to pay at least £400,000 ($545,000).

  • February 16, 2026

    Billionaire Alleges Audit Fraud in £51M Gambling Biz Purchase

    An internet betting businessman told a court Monday that the ex-owner of a gambling business he bought orchestrated and concealed a scheme to defraud its auditors, leading to the company losing its license and wiping out his £50.7 million ($69 million) investment.

  • February 16, 2026

    Carillion's Ex-CEO Hit With Fine Over Misleading Statements

    The Financial Conduct Authority said Monday it has fined Richard Howson, former group chief executive at Carillion PLC, £237,700 ($324,000) for his part in misleading statements issued by the international construction company, which is now in liquidation.

  • February 16, 2026

    PM Law Faces SRA Probe Over Missing Client Money

    The Solicitors Regulation Authority said Monday that it is investigating missing client money at PM Law in the latest potential incident involving mishandling of clients' funds by a law firm.

  • February 16, 2026

    Swiss Lawyer Suspended For Quid Pro Quo Threats To Clients

    A solicitor who accused his former clients of breaching sanctions and trading with terrorists after a dispute over fees has been suspended for two years, a tribunal confirmed on Monday.

  • February 13, 2026

    FCA May Be Forced To Set Lower Fines After Appeal Setbacks

    The Financial Conduct Authority might be forced to rethink how it justifies the size of its fines after being forced to cut penalties after referral to the Upper Tribunal, raising questions about its ability to make enforcement decisions stick, legal experts caution.

  • February 13, 2026

    Blair's Think Tank Urges UK Gov't To End Energy Windfall Tax

    The U.K.'s Labour government must phase out the windfall tax on the energy industry and lift the ban on new oil and gas drilling licenses in the North Sea to increase revenue long term, the Tony Blair Institute said Friday.

  • February 13, 2026

    Media Execs Claim Firing Was For Exposing Ad Overcharges

    Two fired executives of a regional newspaper publisher have denied they must repay the company more than £900,000 ($1.2 million) in compensation, claiming they were wrongly forced out of the company for blowing the whistle on the fraudulent overcharging of advertisers.

  • February 13, 2026

    Watchdog Prioritizes SFO Review After Disclosure Failings

    The U.K.'s prosecution oversight body said Friday it would prioritize a planned review of the Serious Fraud Office after it dropped the prosecution of former mining executives in part due to disclosure failings. 

  • February 13, 2026

    Disclosure Haunts The SFO, Posing Challenge For Next Chief

    The next director of the Serious Fraud Office must tackle the systemic disclosure failings that haunt its cases or face recurring questions about the agency's credibility after the latest collapse of a prosecution over problems with its handling of evidence, lawyers say.

  • February 13, 2026

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

    This past week in London has seen a former U.S. defense contractor convicted of tax evasion face legal action, French football club Olympique Lyonnais sued following a $97 million ruling against its owner John Textor, consulting giant Kroll targeted by a South African airline, and H&M hit with a claim alleging it copied protected sunglasses designs. Here, Law360 looks at these and other new claims in the U.K.

  • February 13, 2026

    Car Parking Giant Hit With CMA Fine For Ignoring Info Request

    The U.K. competition watchdog has fined a car parking giant more than £473,000 ($645,000) for failing to comply with a request to hand over information, rejecting the company's excuse that it thought the request was a scam.

  • February 12, 2026

    Louis Vuitton Fined €500K In Dutch Money Laundering Case

    Dutch prosecutors hit the Netherlands subsidiary of Louis Voutton with a €500,000 ($593,000) fine Thursday for anti-money laundering violations after it said the fashion house failed to vet customers who repeatedly made large cash purchases.

  • February 12, 2026

    Hotel Cos. Urge UK Gov't To Abandon Holiday Tax Proposal

    The Labour government should not introduce what is known as a holiday tax on the hospitality industry, more than 200 hotel companies told the U.K.'s finance minister.

  • February 12, 2026

    Ex-Latham Legal Secretary Barred After Fraud Conviction

    A former legal secretary at Latham & Watkins LLP has been barred from working for another law firm after a criminal court convicted her of defrauding a partner at the firm of more than £50,000 ($68,105).

  • February 12, 2026

    Gov't Sets Out Tough Regime For Appointed Representatives

    The U.K. government published on Thursday its detailed proposed changes to the appointed representatives regime, which will give the Financial Conduct Authority new powers to crack down on misconduct.

  • February 12, 2026

    Broker Says Denmark Can't Bring £56M Cum-Ex Fraud Claim

    An English broker told Britain's top court on Thursday that Denmark's tax authority can't sue it for more than £56 million ($76 million) over a tax refund fraud, because an earlier decision in related proceedings rendered the claim inadmissible.

  • February 12, 2026

    Ex-Police Treasurer Convicted Of £13K Expenses Fraud

    A former police officer has been convicted of 15 counts of fraud by abuse of position in which he dipped into about £13,500 ($18,500) in the petty cash of a staff association for police constables to fund his family holidays.

  • February 12, 2026

    SFO To Revisit 20 Cases After Bribery Prosecution Implodes

    The Serious Fraud Office said Thursday that it is reexamining the integrity of approximately 20 cases after it abandoned a decade-old bribery prosecution because of another failing in disclosure. 

  • February 11, 2026

    Outdated Laws Blamed For China Spy Case Collapse

    The root cause of the collapse of criminal proceedings against two men accused of spying for China was outdated legislation, but the risk of future problems has not been entirely negated by a new national security law, a parliamentary committee warned Thursday.

  • February 11, 2026

    Compliance Pro Wins Bias Case Over Lost Promotion

    A veteran compliance expert has persuaded an employment tribunal that she was forced to quit working at a car dealership because bosses had unfairly passed her over for a promotion to a new head role and given the job to a man. 

  • February 11, 2026

    Denmark Says Cum-Ex Ruling No Bar To £56M Fraud Claim

    Denmark told Britain's top court on Wednesday that it should be allowed to sue an English brokerage for £56 million ($76 million) over a tax refund fraud, arguing that an earlier decision barring linked allegations was based on "fundamentally different" facts.

  • February 11, 2026

    Bank Of Africa UK Avoids Liability For Whistleblower's Firing

    The U.K. arm of Bank of Africa should not have been held liable for its chief executive's decision to fire a whistleblowing human resources executive, a London appeals tribunal ruled on Wednesday.

  • February 11, 2026

    Transneft CEO's Daughter Wins EU Sanctions Appeal

    A European Union court lifted sanctions on Wednesday against the daughter of the chief executive of a Russian state-controlled oil and gas company, finding that the bloc's council had failed to produce fresh evidence for reimposing the restrictions.

  • February 11, 2026

    PwC Settles Assistant's Age Discrimination Claim For £150K

    PwC has paid £150,000 ($205,000) to settle an age and disability discrimination claim from a former employee of more than 40 years, the equality watchdog for Northern Ireland has revealed.

Expert Analysis

  • How Lawyers Can Work On Unmasking Beneficial Ownership

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    The Solicitors Regulation Authority's recent anti-money laundering report suggests that identifying ultimate beneficial owners in a transaction is one of the key day-to-day challenges that law firms face, and the solution lies in combining know-your-business processes with know-your-client verification, says Sam Ruback at Thirdfort.

  • Anticipating The UK's Top M&A Trends In 2025

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    Conversations with market participants are focusing on five key questions about 2025's transactional markets, ranging from issues of artificial intelligence, to the boom in takeovers and increased regulatory scrutiny, says Layla D’Monte at King & Spalding.

  • Takeaways On Freezing Injunctions After Dos Santos Ruling

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    The Court of Appeal's recent decision in dos Santos v. Unitel moved the needle in favor of applicants for freezing injunctions in two ways, say lawyers at Cooke Young.

  • What To Know About New Art Market Reporting Obligations

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    Recent U.K. sanctions reporting obligations on art market participants and high value dealers come into effect in May 2025, and businesses should review risk assessments and compliance controls to identify areas that may require strengthening, say lawyers at Steptoe.

  • Businesses Should Expect A Role In Tackling Fraud Next Year

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    If one word sums up a key trend in financial crime enforcement in 2024, it would be fraud, as enforcement agencies clamped down on consumer-focused crime — and businesses will need to be prepared to play a part in 2025 with the coming of the "failure to prevent fraud" offense, says Jessica Parker at Corker Binning.

  • What FCA's 2024 Changes Suggest For Enforcement In 2025

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    Though the Financial Conduct Authority is likely to enter 2025 hungry for enforcement wins after fielding intense criticism in 2024 over proposed policy amendments, firms can glean ideas for mitigating their risk from heightened scrutiny by studying the regulator's changing behavior from the year just past, says Imogen Makin at WilmerHale.

  • How The Wirecard Judge Addressed Unreliability Of Memory

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    In a case brought by the administrator of Wirecard against Greybull Capital, High Court Judge Sara Cockerill took a multipronged and thoughtful approach to a common problem with fraudulent misrepresentation claims — how to assess the evidence of what was said at a meeting where recollections differ and where contemporaneous documentation is limited, says Andrew Head at Forsters.

  • Practical Considerations For Private Fund Side Letters

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    Side letters are a common way of formalizing negotiated arrangements between a private fund and a particular investor — and as the number and length of side letters per fundraise steadily climb, managers must consider the material legal risks carefully, say lawyers at Dechert.

  • Planning For UK And EU Crypto-Asset Regulations In 2025

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    Fims should expect to devote the rest of 2024 and much of 2025 to fine-tuning their compliance frameworks to align with European Union crypto-asset regulations taking effect soon and U.K. regulators' plans for updating their own crypto-asset regime in the coming year, says Steven Lightstone at Morgan Lewis.

  • What To Know About Plans For A UK Green Taxonomy

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    Rachel Richardson at Macfarlanes discusses the purpose of HM Treasury’s recent consultation on a U.K. green taxonomy, explains why the tool — which would define what economic activities support climate objectives — is necessary, and considers drafting challenges the U.K. government may face.

  • Key Takeaways From EU's Coming Digital Act

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    The European Union's impending Digital Operational Resilience Act will necessitate closer collaboration on resilience, risk management and compliance, and crucial challenges include ensuring IT third-party service providers meet the requirements on or before January 2025, says Susie MacKenzie at Coralytics.

  • Takeaways From EU's Draft AI Code Of Practice

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    The European Union AI Office’s recently published first draft of the General-Purpose AI Code of Practice sheds some welcome light on which Artificial Intelligence Act compliance issues the office finds particularly knotty and, importantly, acknowledges where further guidance will be necessary, say lawyers at Akin.

  • The Rising Tide Of EU Antitrust Enforcement In Pharma

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    The European Commission’s recent record-breaking €463 million fine of Teva for abusing its dominant position confirms that European Union competition law enforcement in the pharmaceutical sector remains a priority, with infringements drawing serious financial exposure, say lawyers at Cooley.

  • Looking Back On 2024's Competition Law Issues For GenAI

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    With inherent uncertainties in generative artificial intelligence raising antitrust issues that attract competition authorities' attention, the 2024 uptick in transaction reviews demonstrates that regulators are vigilant about the possibility that markets may tip in favor of large existing players, say lawyers at McDermott.

  • UK Bill Aims To Make Better Use Of Data Across Economy

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    The new Data Bill’s practical improvements to data schemes and certification systems will be welcomed by online service providers, but organizations need to consider the conditions and whether compliance will entail technical operational changes, say lawyers at Osborne Clarke.

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