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Corporate Crime & Compliance UK
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October 20, 2025
HBOS Fraud Victims Hit Gunnercooke With Negligence Case
A family driven into bankruptcy by a £245 million (£329 million) fraud against HBOS are suing Gunnercooke LLP, alleging that the firm caused them to lose more than £4 million by bungling a settlement with their bankruptcy trustee.
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October 20, 2025
Directors Jailed For £20M Fraud Involving Fake VAT Claims
Six company directors were sentenced Monday for their role in a £20 million ($27 million) tax fraud involving a wholesale electrical appliance business that deliberately understated how much value-added tax was owed to HM Revenue and Customs.
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October 20, 2025
Mex Group Wins Partial Costs In Complex Fraud Case
A London judge has ended trading services provider MultiBank's contempt battle with a Luxembourgish investment company director for failure to disclose his assets for a freezing order, ruling that there were "reasons to doubt" it had an arguable case.
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October 20, 2025
Solicitor Fined For Missing Fraud, Money Laundering Signs
A solicitor who admitted missing signs of potential fraud and money laundering when carrying out property transactions on behalf of two lenders was fined £15,000 ($20,000) by a tribunal on Monday.
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October 20, 2025
UK Retailers Add To £675M Salmon-Farming Cartel Claim
A group of major U.K. supermarkets has added a new part to its £675 million ($905 million) cartel claim against salmon producers, according to an entry on an online filing system that has now been made public.
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October 20, 2025
FCA Flags Money Laundering Risks At Corporate Finance Cos.
One in 10 corporate finance companies has no documented business-wide risk assessment, the City watchdog said Monday, warning that many organizations might be falling short of money laundering standards.
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October 20, 2025
Secure Trust Bank Sets Aside £21M For Car Finance Claims
London-listed lender Secure Trust Bank PLC said Monday that it plans to increase the amount it sets aside for an industry-wide motor finance compensation program to £21 million ($28 million), as it criticized the finance watchdog's approach to redress.
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October 17, 2025
CPS Thrown Into Uncharted Waters By Spy Trial Collapse
The government's decision to publish full witness statements from an abandoned spying trial in an attempt to draw a line under the political furor has surprised former officials and white-collar lawyers, who say it throws the Crown Prosecution Service into uncharted waters.
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October 17, 2025
Couple Among 14 Sentenced Over £28M Timeshare Fraud
Fourteen people have been convicted and sentenced for their part in a £28.1 million ($37.7 million) investment fraud which involved them selling a worthless investment product to consumers on the promise of getting rid of their timeshares, prosecutors said Friday.
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October 17, 2025
Shipping Giant Gets Early Win In Ex-Employee's Forgery Case
A global shipping company has beat back a former employee's bid to be paid as he sues the company for allegedly forcing him to resign after he raised concerns that its environmental records had been forged.
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October 17, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Johnson & Johnson hit with a £1 billion ($1.34 billion) claim for allegedly selling contaminated baby powder, Carter-Ruck bring a claim against the Solicitors Regulation Authority, and Hewlett Packard file a probate claim against the estate of Mike Lynch.
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October 17, 2025
Man Gets Prison For Hiding Assets In $80M Dubai Bank Case
A businessman who fraudulently helped three members of his Emirati family evade an £80 million ($107 million) judgment debt to a Dubai bank was sentenced on Friday to two years imprisonment for contempt of court.
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October 17, 2025
Global Watchdog Calls On Countries To Monitor Crypto Better
An international securities watchdog called on countries Friday to monitor risks in crypto-assets and share regulatory information better across borders.
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October 17, 2025
Student Ducks Prison After Promoting Tax Fraud On Instagram
A London-based student has become the first person to be convicted of inspiring others to defraud Britain's tax collector on social media after he used Instagram to encourage criminal attacks on VAT systems, HM Revenue and Customs said Friday.
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October 17, 2025
FCA's Tokenization Plan May Heighten Financial Crime Risk
The Financial Conduct Authority's planned tokenization regime to help asset managers trade investment funds as digital assets could expose investors to financial criminals lurking in crypto-markets, with the regulator's "targeted support" rules multiplying the risk, lawyers have warned.
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October 17, 2025
Ex-Solicitor Gets 4 Years For £400K Theft From Clients
A former solicitor and part-time judge who misappropriated almost £400,000 ($537,000) from clients between 2003 and 2020 has been sent to prison for four years.
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October 16, 2025
Banks Must Do More To Stop Romance Fraud, FCA Warns
The Financial Conduct Authority warned Friday that banks must do more to stop romance scams, which cost victims £106 million ($142 million) in 2024.
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October 16, 2025
OFSI Reports It Froze £37B In Shift To Proactive Enforcement
The U.K.'s sanctions enforcer has revealed that over £37 billion ($49.7 billion) in assets were reported as frozen in the 2024-25 financial year, up more than 50% from the year before, in a signal of an increasingly proactive approach to enforcing financial penalties.
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October 16, 2025
FilmOn Founder In Contempt In Sex Assault Judgment Debt
The founder of FilmOn and heir to a Coca-Cola fortune was found in contempt of court on Thursday for failing to provide information in proceedings to enforce in England one of several multimillion-dollar judgments over sexual assault claims.
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October 16, 2025
CMA Calls For Reforms To UK Veterinary Market
The U.K.'s competition watchdog has called on the £6.3 billion ($8.5 billion) veterinary services market to provide better information on prices after a spike in insurance claims at major players drove up costs, despite no evidence of better services.
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October 16, 2025
MPs Launch Probe Into CPS Decision To Drop China Spy Case
Senior parliamentarians said Thursday that they will launch a formal inquiry into the collapse of the Chinese spying case, heaping pressure on the Crown Prosecution Service just hours after the government published crucial evidence that caused the trial to be abandoned.
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October 16, 2025
UK Open To Behavioral Remedies During Merger Reviews
The antitrust authority said Thursday that it is weighing a more flexible approach to remedies during merger reviews that would require it to regulate the behavior of the companies involved as it backs the government's growth agenda.
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October 15, 2025
Funeral Director Admits Fraud, Faces Trial On Other Counts
A funeral director pleaded guilty to 36 fraud offenses at an English criminal court Wednesday in a case centered on wrongdoing in funeral plans.
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October 15, 2025
CPS Eyes Compensation Plan In £5B Bitcoin Fraud Dispute
British prosecutors said Wednesday they will set up a compensation program for thousands of Chinese investors defrauded by a money launderer convicted in the U.K. as part of a scramble for £5.1 billion ($6.8 billion) in seized cryptocurrency.
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October 15, 2025
Ex-Clerk Must Repay £220K For Role In Legal Aid Fraud
A London judge on Wednesday ordered a former legal clerk to hand over more than £220,000 ($294,000) following his convictions for leading a scheme to make bogus legal aid claims for criminal defense costs worth over £12.5 million.
Expert Analysis
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How EU Digital Act Could Shape UK Technology Disputes
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.
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Key Findings From EU Report On Antitrust Remedies
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.
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How Foreign Cos. Should Prep For New UK Fraud Law
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.
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Opinion
EU's AI Code Of Practice Creates Risk Of Regulatory Clashes
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.
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Ruling In SFO Case Shows How Contract Rules Apply To DPAs
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.
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What To Know About Compliance As EU AI Act Takes Effect
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.
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Banker Remuneration Proposals Could Affect More Than Pay
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.
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Rethinking 'No Comment' For Clients Facing Public Crises
“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.
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EU Report May Influence Regulation Of Decentralized Finance
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.
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EU Paper Urges Data Protection And Competition Law Unity
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.
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Market Infrastructure Regs Aim To Reinvigorate EU Trading
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.
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The Pros And Cons Of A 2nd Trump Term For UK Tech Sector
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.
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Why EU Omnibus Package Is Receiving Mixed Reactions
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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Review Of Computer Evidence Use Raises Complex Issues
The Ministry of Justice’s recent call for a review of computer-generated evidence used in criminal proceedings, solicits questions of how such evidence will be defined while also ensuring that changes can withstand technological advances and uphold the effective functioning of the criminal justice system, say lawyers at BCL Solicitors.
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How Proposed Private Share Trading System May Benefit Cos.
The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.