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Corporate Crime & Compliance UK
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December 12, 2025
Northampton Town FC Ex-Chair Denies Fraud Over Club Loan
The former chairman of Northampton Town Football Club and four other men pleaded not guilty in London to fraud charges Friday over allegations that they misled local authorities into loaning millions of pounds for the redevelopment of the team's stadium.
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December 12, 2025
FCA Clarifies Guidelines For Non-Financial Misconduct
The Financial Conduct Authority released widely anticipated final guidance on its rules for non-financial misconduct such as bullying, harassment and violence on Friday, including on how far the measures will apply to private life and social media.
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December 12, 2025
Nationwide Fined £44M For Financial Crime Control Failings
The Financial Conduct Authority said on Friday that it has hit Nationwide Building Society with a £44 million ($58 million) fine over its inadequate financial crime systems and controls, adding that the lender had "failed to get a proper grip."
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December 11, 2025
Maire Cos. Face $1B Russian Fine Over EuroChem Arbitration
Two subsidiaries of Italian technology and engineering company Maire SpA risk a $1 billion fine from a court in Russia unless they drop arbitration proceedings in London against a EuroChem Group AG subsidiary owned by a sanctioned Russian oligarch, the EuroChem subsidiary said.
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December 11, 2025
EY Must Release Wirecard Audit Files, Top German Court Says
Germany's highest civil court largely sided with Wirecard's insolvency administrator on Thursday, finding that the former auditors of the payments company, Ernst & Young, must disclose audit files from the four financial years running up to its collapse.
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December 11, 2025
FCA Sets Timescale For Supporting Gov't Growth Strategy
The Financial Conduct Authority demonstrated its support for the government's growth strategy on Thursday, rolling out a reduced program of regulatory change over the next two years, with initiatives that could lighten the burden on finance companies.
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December 11, 2025
Carter-Ruck Pro Says She Was Bound To Defend Crypto Scam
A Carter-Ruck partner was professionally "bound" to threaten a whistleblower with legal action on behalf of Ruja Ignatova because she did not know that the "Crypto Queen" was actually running a multibillion-dollar scam, the solicitor's counsel told a disciplinary tribunal on Thursday.
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December 11, 2025
BoE Promises Gov't Bank Reporting Cost-Cuts For Growth
The Bank of England has set out plans to support U.K. growth by further simplifying regulatory reporting for banks and seeking to reduce overlap between its rules and the requirements of legislation.
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December 10, 2025
Reeves Denies Gov't Authorized UK Budget Leak
British Chancellor of the Exchequer Rachel Reeves told a parliamentary committee Wednesday that she didn't authorize briefings of policy discussions to the media ahead of the autumn budget statement.
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December 10, 2025
Oligarch's Son Loses Claim For €7M Sanctions Compensation
The son of a Russian oil and gas tycoon failed on Wednesday to secure over €7.5 million ($8.7 million) in compensation from the Council of the European Union over unlawful sanctions imposed against him in the wake of Russia's invasion of Ukraine.
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December 10, 2025
British Hacker Gets 2 Years In Prison For $9M Crypto Theft
A British man was sentenced to more than two years in prison on Wednesday in London for his part in an international hacking group that stole millions of pounds worth of cryptocurrency from an American entrepreneur.
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December 10, 2025
EY Probed By FRC Over Unauthorized Auditor Reports
Britain's accounting regulator said Wednesday it has opened a probe into Ernst & Young LLP over its alleged issuing of unauthorized auditor reports.
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December 10, 2025
Final Shipping Companies Settle CAT Cartel Claim For £54M
Lawyers representing millions of motorists who were allegedly charged inflated delivery prices have agreed a £54 million ($71 million) settlement against the final two vehicle shipping companies left in an opt-out class action before a trial judgment could be published.
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December 10, 2025
AML Reforms Could Threaten Legal Privilege, Lawyers Fear
Most legal professionals in the U.K. fear that a government proposal to make the Financial Conduct Authority the sole supervisor of the professional services industry could threaten the protection of confidential communications in the sector, a survey published Wednesday suggests.
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December 10, 2025
Intel Wins €140M Fine Cut But Can't Shake EU Abuse Finding
A European court ruled in favor of competition enforcers on Wednesday, upholding a ruling of abuse of dominance against Intel Corp. but slashing the fine by €140 million ($163 million).
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December 09, 2025
FCA Launches Innovative Data Tool To Fight Financial Crime
The Financial Conduct Authority said Wednesday it has launched an innovative information service to fight financial crime, with the aim of reducing pension, investment and crypto-asset fraud against consumers.
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December 09, 2025
Ex-Entain Execs Say Watchdog Breached Privacy At Trial
Two former executives at the predecessor of betting giant Entain said at the start of a trial Tuesday that Britain's gambling regulator had published information about them which "should have remained private and confidential" in statements about a regulatory review.
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December 09, 2025
COVID Fraud Cost Taxpayers £11B With No Recovery In Sight
Fraud, waste and error cost U.K. taxpayers £10.9 billion ($14.5 billion) during the COVID-19 pandemic as bogus claims for public funds were approved with few safety measures to prevent abuse, Britain's anti-fraud czar said Tuesday.
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December 09, 2025
Brazilian 'Orange King' Cartel Case Dismissed As Time-Barred
A London court has dismissed the claims of more than 1,400 Brazilian orange farmers who alleged the estate and son of the country's "Orange King" took part in a price-fixing cartel, ruling that the allegations are time-barred under Brazilian law.
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December 09, 2025
Google Faces EU Antitrust Probe Over AI Content Practices
Europe's competition watchdog opened a formal investigation into Google on Tuesday into whether the technology giant's practices in training its artificial intelligence models breached antitrust rules.
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December 08, 2025
US Fund Loses $5.4M Bonus Battle With Fired London Trader
A London court ordered a U.S. investment fund to pay $5.4 million to a sacked portfolio manager on Monday, ruling that the company had no right to withhold his discretionary bonus amid criminal probes into his trading.
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December 08, 2025
Lessors Bid To Flip $69M Plane Payment Sanctions Ruling
Aircraft lessors urged the U.K.'s highest court Monday to overturn a ruling that they cannot receive $69.3 million for Russian planes because of sanctions, arguing that a lower court had wrongly found that UniCredit's U.K. branch had rightly withheld payments under letters of credit.
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December 08, 2025
Lawyers In Crosshairs In New Anti-Corruption Crackdown
Corrupt lawyers, accountants and bankers "will be hunted down" under a new anti-corruption strategy unveiled by the government on Monday, which will crack down on enablers facilitating bribery and illicit finance in the U.K.
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December 08, 2025
Hamlins Partner Cleared Of Journalist Blackmail Allegations
A disciplinary tribunal dismissed allegations on Monday that a Hamlins LLP partner blackmailed a journalist by improperly threatening to bring contempt proceedings in a case over alleged corruption.
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December 08, 2025
Ex-Police Chief Faces 2027 Trial For Alleged Fraud
A former police chief constable accused of lying about his military career and education when applying to work for the police and perjuring himself in court will stand trial at the end of 2027, a judge said Monday.
Expert Analysis
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Opinion
UK Gov't Needs To Take Action To Support Whistleblowing Bill
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.
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Issues To Watch At ABA's Antitrust Spring Meeting
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.
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New UK Short Selling Rules Diverge From EU Regs
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.
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How New EU Product Liability Directive Will Affect Tech And AI
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.
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What Latest FCA Portfolio Letter Means For Payments Firms
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.
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ECB Guide Targets Harmonized Cyber Testing Approach
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.
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Court Backlog Could Alter Work Safety Enforcement Priorities
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.
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New CMA Powers Will Change Consumer Protection Regime
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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Opinion
Prospects For New Fraud Prevention Prosecution Look Slim
With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.
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What's Next After FCA Drops Troubled 'Name And Shame' Plan
A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.
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What To Note In EU Tech Transfer Agreements Consultation
Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.
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UK Refusal Of US Extradition Request May Set New Standard
The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.
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Insights On ESMA's Alternative Investment Fund Consultation
Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.
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How UK Supreme Court May Assess Russia Sanctions Cases
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.
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Practice Leader Insights
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.