Corporate Crime & Compliance UK

  • March 04, 2026

    Fish Producers Say £382M Cartel Claim Not Worth The Payout

    A group of fish producers accused of artificially inflating salmon prices fought to block a £382 million ($510 million) class action on behalf of U.K. consumers on Wednesday, arguing that potential damages for each consumer would be too low to be worthwhile.

  • March 04, 2026

    Police Federation Officials Held On Suspicion Of Corruption

    Three serving and former senior members of the national body that represents police in England and Wales were arrested on Wednesday on suspicion of corruption over allegations of financial wrongdoing.

  • March 04, 2026

    FCA Plans 3-Month Prep For Motor Finance Redress

    The Financial Conduct Authority said Wednesday that it would streamline the claims process and set a three-month period for businesses to get their systems ready to handle complaints and requests for compensation under its motor finance redress program.

  • March 04, 2026

    John Wood Group Fined £13M For Misleading Statements

    The Financial Watchdog Authority said Wednesday it has hit John Wood Group PLC with a fine of £12.99 million ($17.38 million) after finding that the engineering and consulting business published inaccurate information in its financial results.

  • March 03, 2026

    Reeves Says UK Will Stick With Higher Tax Take Strategy

    Chancellor of the Exchequer Rachel Reeves said Tuesday that the U.K. government will keep its plans to meet its fiscal rules by increasing its tax take despite calls for tax cuts from businesses and concerns over financial stability.

  • March 03, 2026

    UK Lifts Sanctions On British Accountant Over Shadow Fleet

    The U.K. government has revoked sanctions on a British national 10 months after it accused him of procuring vessels for Russia's shadow fleet, his solicitors said Tuesday.

  • March 03, 2026

    Energy Data Co. Settles Supply Cutoff Fight With Startup

    An energy data supplier owned by a consortium of British power companies and an energy startup have settled the dispute that erupted after the data supplier cut off the startup for allegedly passing on data to third parties.

  • March 03, 2026

    Spacey Accusers Seek To Show 'Pattern' In Sex Assault Trial

    Lawyers for three men suing Kevin Spacey for alleged sexual assault urged a London court on Tuesday to allow the evidence of other witnesses who are giving accounts of similar behavior by the actor to be heard at trial.

  • March 03, 2026

    Legal, Audit Bodies Need Tighter AML Controls, FCA Warns

    Legal and accountancy professional bodies are failing to adequately enforce anti-money laundering rules for their member firms, a unit within the Financial Conduct Authority warned Tuesday.

  • March 03, 2026

    Swaths Of Merchants Cut From Swipe Fees Class Action

    Visa and Mastercard can exclude swaths of merchants from collective proceedings over the fees they charge, the Competition Appeal Tribunal has ruled, finding that several categories of claimants were too late to sign up to the class. 

  • March 02, 2026

    HMRC Bags Extra £16B From Big Businesses, Audit Says

    HM Revenue & Customs collected almost £16 billion ($21.3 billion) in extra tax revenue from the biggest businesses in fiscal year 2024-25 after it took a stricter approach to compliance, the National Audit Office found.

  • March 02, 2026

    Dyson Settles Factory Workers' Forced Labor Claims

    A group of workers suing Dyson over alleged forced labor when they made components at Malaysian factories have settled their claim against the electronics manufacturer, their lawyers said Monday.

  • March 02, 2026

    Guernsey Plans To Name Biz Owners To Curb Financial Crime

    The government of Guernsey has floated a plan to open access to ownership data for companies and other legal entities registered on the island, in a bid to combat financial crime.

  • March 02, 2026

    UK's Fair Work Agency Appoints CEO Ahead Of April Launch

    The government said Monday it has appointed the head of a mining remediation body as chief executive of the Fair Work Agency, the country's new labor rights watchdog set to open in April.

  • March 02, 2026

    Motorists Say Carmakers Should Be Liable For Emissions

    Carmakers in Britain have breached the law through the use of technology designed to cheat emissions tests similar to the one that sparked the Volkswagen Dieselgate scandal, lawyers for a group of motorists told the closing submissions of the trial Monday.

  • March 02, 2026

    Yukos Shareholders Win £66B Judgment Against Russia

    Investors in Yukos Oil won their battle with the Russian government on Monday as the High Court ruled that the federation's attempts to quash a £66 billion ($88 billion) judgment in the investors' favor had already been tossed out by lower courts.

  • March 02, 2026

    Customs, VAT Fraud Costing €45B, EU Prosecutors Say

    Cross-border customs and value-added tax fraud are reshaping the criminal landscape in the European Union, with such schemes generating an estimated €45 billion ($52.7 billion) in damage, according to a report published Monday by an independent prosecuting body.

  • March 02, 2026

    Shein Fights To Withhold List Of Top Suppliers In Temu Battle

    Shein asked a London appeals court on Monday to give it a chance to overturn an order compelling it to hand over a list of its top suppliers to Temu in a battle over photo copyright and alleged anticompetitive conduct.

  • March 02, 2026

    SFO Denied Final Chance To Cut $128M From ENRC Damages

    The Serious Fraud Office cannot slash its potential payout to Eurasian Natural Resources Corp. by $128 million over its unsuccessful criminal investigation after Britain's highest court refused to weigh in on the case, the parties confirmed on Monday.

  • March 02, 2026

    CMA Probes Hilton, IHG, Marriot Over Potential Data-Sharing

    The antitrust watchdog said Monday that it has opened a formal investigation into whether three major hotel groups and a data provider illegally shared commercial information that could weaken competition.

  • February 27, 2026

    Four Charged Over Fraudulent COVID Vaccine Records Sale

    The National Crime Agency revealed Friday that four people have been charged over their alleged role in the creation and sale of fraudulent COVID-19 vaccination records during the pandemic.

  • February 27, 2026

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

    This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.

  • February 27, 2026

    Airlines Lose ECJ Challenge To €520M Air Cargo Cartel Fines

    A group of airlines, including British Airways and Cathay Pacific, have largely lost their legal challenge to almost €520 million ($614 million) in fines over their long-running cartel to coordinate fuel and security surcharges on air cargo services.

  • February 27, 2026

    5 Questions For Kennedys' Ash Daniells On FOS Reforms

    The government is reforming the Financial Ombudsman Service, which settles claims between consumers and regulated financial businesses. The reforms come after years of complaints that the ombudsman is not working efficiently, but the proposals have attracted wide criticism.

  • February 27, 2026

    Top Barclays Exec Named As Head Of UK Banking Watchdog

    The Bank of England said Friday that senior Barclays executive and former Treasury official Katharine Braddick has been appointed as the next head of the U.K.'s main banking watchdog. 

Expert Analysis

  • 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.

  • The EU AI Act's Impact On Global Financial Regulation

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    The European Union’s new Artificial Intelligence Act, representing lawmakers’ first comprehensive attempt to regulate AI and giving special attention to the financial services sector, hopes to influence global legal and regulatory frameworks to maintain access to the EU market, say lawyers at Goodwin.

  • Cross Market Drill Highlights Operational Resilience Priorities

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    The U.K.’s recent cross-market major infrastructure failure simulation exercise, demonstrates that operational resilience of the financial sector is high on the regulatory agenda, and the findings should ensure that the sector develops collective capabilities to deliver improvements, say lawyers at Taylor Wessing.

  • Update On Timings Key For Online Safety Act Compliance

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    The Office of Communications’ recent update on Online Safety Act deadlines is significant because applicability of the act has been contingent on this guidance, and with clarification of enforcement details, organizations can now prepare for their risk assessment, say lawyers at Bird & Bird.

  • What The Future Of AI In Financial Services Looks Like

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    Artificial intelligence is rapidly transforming the global financial services industry, with a hybrid model likely to evolve where AI handles routine tasks and humans focus on strategy and decision-making, so financial institutions should work with regulators to establish ethical standards and meet regulatory expectations without stifling innovation, say lawyers at Womble Bond.

  • FCA Survey Results Reveal Rise In Nonfinancial Misconduct

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    After a Financial Conduct Authority survey recently reported a significant rise in nonfinancial misconduct, there are a number of preventive steps firms should take to create a healthy workplace environment and mitigate the risk of increased regulatory scrutiny, say lawyers at WilmerHale.

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