Corporate Crime & Compliance UK

  • August 01, 2025

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

    This past week in London has seen several telco giants hit with a trademark claim, a collapsed hotel company sue a property investor in an ongoing dispute over a decades-old hotel sale, and two litigation funders square off against each other.

  • August 01, 2025

    BT Customers Lose Bid To Revive £1.3B Unfair Pricing Claim

    BT customers lost their attempt Friday to revive a £1.3 billion ($1.7 billion) class action against the telecommunications giant, after the Court of Appeal ruled there was nothing wrong with the assessment of evidence used to decided whether the company charged excessive and unfair prices. 

  • August 01, 2025

    FCA Hits Brokerage With £1M Fine For Deal Report Failures

    The City watchdog said Friday that it has hit a global brokerage with a fine of more than £1 million ($1.3 million) for the "particularly serious" failure to submit complete and accurate transaction reports over a five-year period.

  • July 31, 2025

    Yahoo Says Chubb Unit Must Cover Potential EU Privacy Fines

    Yahoo says a Chubb subsidiary is obligated to cover regulatory fines that might be leveled against one of the tech company's subsidiaries for violating the European Union's data privacy law, but the insurer has refused to honor the policy, according to a lawsuit filed this week in Delaware.

  • July 31, 2025

    Asset Freeze Sticks In Billionaire's $415M Fraud Case

    A London appeals court on Thursday upheld an asset freeze against a man accused of defrauding Ricardo Salinas Pliego out of more than $415 million, finding no reason to doubt the Mexican billionaire is "exceedingly wealthy" and able to compensate the other side if he ultimately loses his claim.

  • July 31, 2025

    Developer Denies Misusing Victims' Funds In £226M Fraud

    A developer convicted for running a £226 million ($299 million) Ponzi scheme denied treating overseas properties bought with his victims' money as his "pension fund" as he gave evidence in court Thursday.

  • July 31, 2025

    SocGen, ING Win €212M EuroChem Bonds Sanctions Fight

    A Russian subsidiary of EuroChem lost its fight Thursday to force European banks to pay out on €212 million ($242 million) worth of bonds, after a court ruled that the payouts are blocked because the Swiss agricultural chemicals company is owned by a sanctioned oligarch.

  • July 31, 2025

    West Ham Star Cleared Of Spot-Fixing Matches

    The Football Association said Thursday that an independent panel has cleared West Ham United player Lucas Paquetá of four spot-fixing charges linked to allegations that he had deliberately received yellow cards in four Premier League matches.

  • July 31, 2025

    FCA Finds Failings In Digital Loan Application Processes

    The Financial Conduct Authority said Thursday that some companies are designing digital loan application processes badly, slowing decision-making and excluding cost information that consumers need.

  • July 31, 2025

    SRA Warns Law Firms Over Handling Of Motor Finance Claims

    The solicitors' watchdog warned law firms Thursday that they must tell prospective clients about possible cost-free ways to pursue their motor finance commission claims before agreeing to act on a case for a fee.

  • July 31, 2025

    FCA Probe Target Gets 12 Months In Jail For Contempt

    An exiled businessman suspected of offering unregulated debt counseling has been handed a 12-month prison sentence for deliberately breaching restrictions on his assets by spending $84,000 on luxury items, travel and hotels.

  • July 31, 2025

    EU Prosecutors Seize €486K Amid Fraud Investigation

    European prosecutors and Italian police have seized assets worth €486,000 ($556,000) from several companies and individuals accused of fraud and money laundering, with prosecutors alleging that they provided false documentation to obtain subsidies.

  • July 30, 2025

    Greek Shipping Magnate's Heirs Battle Over €72M Loan Deal

    A company linked to the son-in-law of a deceased Greek shipping magnate has denied that a €72 million ($83 million) loan agreement with the magnate's former business was a sham, amid a family dispute over the magnate's estate.

  • July 30, 2025

    BigLaw Firms Ordered To Explain Leak Of PrivatBank Decision

    Law firms including Hogan Lovells and Fieldfisher LLP will be required to provide witness statements after the High Court judge overseeing the long-running PrivatBank fraud case revealed on Wednesday that his judgment had apparently been leaked.

  • July 30, 2025

    Gupta Hit With $6.7M Fraud Claim Over False Deposit Docs

    A U.K. commodities broker won its bid on Wednesday to bring a fraud claim worth almost $7 million against Prateek Gupta, with the High Court dismissing the metal mogul's argument that the claim shouldn't be heard in England.

  • July 30, 2025

    Govt's National Wealth Fund Ignored Worker's Pay Concerns

    The U.K. government's National Wealth Fund subjected an employee to sexual discrimination after it failed to address his request for a pay review, an Employment Tribunal has ruled.

  • July 30, 2025

    Axed Charity Staffer Wins Early Battle In Whistleblowing Claim

    A tribunal has ordered a London charity to reinstate a former member of staff or keep paying her after she showed there is a "pretty good chance" that her whistleblowing over an irregular payment led to her dismissal.

  • July 30, 2025

    PrivatBank Wins $1.9B Fraud Case Against Ex-Owners

    The former owners of PrivatBank are liable to pay the Ukrainian lender for a fraud that cost the bank billions, a London judge ruled on Wednesday almost two years after the trial over sham loans linked to fictitious commodity trades concluded. 

  • July 30, 2025

    Looser SMCR May Leave Banks More Open To Fraud Charges

    The Financial Conduct Authority's proposed partial relaxation of the approval process under its senior managers regime as the U.K. pushes for deregulation could leave companies more exposed to fraud prosecution as the failure to prevent fraud offense goes live in September.

  • July 29, 2025

    JV Partner Found To Have Inflated Costs In London Project

    A Dubai-based businessman has largely succeeded in a complex dispute over a joint venture after a London judge ruled that other parties to the deal had inflated costs in invoices to pocket part of the payments as profit.

  • July 29, 2025

    UK Top Court's Leeway On Sanctions Could Embolden Gov't

    The respect shown by the U.K. Supreme Court to the British government on foreign affairs could encourage ministers to use sanctions in unforeseen ways, allowing politicians to achieve policy goals that are limited by legal challenges, lawyers say.

  • July 29, 2025

    Forex Biz Can't Avoid Liability For Deceit In $10M Deal

    A foreign exchange business lost its fight on Tuesday to challenge a ruling that it could not defend claims that its agent deceived a Nigerian broker in a $10 million transaction, despite winning challenges over lesser deals worth $6 million.

  • July 29, 2025

    Fake Threats Claim To Be Heard At £50M Waste Dumping Trial

    Allegations by a former director of a quarry that the site's owner fabricated evidence to support an asset-freezing order will be heard during a trial of a £50 million ($67 million) claim that ex-bosses allowed illegal waste dumping, the Court of Appeal ruled Tuesday.

  • July 29, 2025

    Ex-JPMorgan Trader Drops Bid For Remedy Over Unfair Firing

    A former JPMorgan Chase metals trader has told an employment tribunal that he won't be pursuing his case for compensation any further despite winning his unfair dismissal claim against the bank over a faulty "spoofing" investigation. 

  • July 29, 2025

    'Hollywood Con Queen' Fails To Quash US Extradition

    An Indonesian man lost his appeal Tuesday to stave off extradition from the U.K. to the U.S. to face accusations he impersonated female Hollywood executives to con more than 300 film industry workers into traveling to Indonesia for false movie projects.

Expert Analysis

  • New Anti-Corruption Task Force Bolsters Int'l Collaboration

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    The recent creation of an anti-corruption task force by the U.K., France and Switzerland demonstrates a commitment to tackling bribery within national and international frameworks, and organizations within these jurisdictions’ remit, including U.S. companies operating in Europe, should review their compliance practices to ensure they address diverging requirements, say lawyers at Skadden.

  • FCA's Regulatory Plans Signal Cause For Cautious Optimism

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    The Financial Conduct Authority’s latest strategy document plans for less intrusive supervision, a more open and collaborative approach, and a focus on assertive action where needed, outlining a vision of deepened trust and rebalanced risk that will be welcomed by all those it regulates, says Imogen Makin at WilmerHale.

  • How CMA Is Responding To UK Gov't Pro-Growth Agenda

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    With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes.

  • US Diversity Policies Present Challenges To UK And EU Cos.

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    Following President Donald Trump’s recent executive orders calling for increased scrutiny of diversity, equity and inclusion initiatives, it is clear that global businesses operating in the U.K. and European Union will need to understand regional nuances to successfully navigate differing agendas on either side of the Atlantic, say lawyers at Jenner & Block.

  • Updated EU Procedure Streamlines Data Transfer Approval

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    The European Data Protection Board’s updated approval procedure for binding corporate rules for transfers of personal data to non-European Union countries promotes consistency for regulator communications during the application process, and sets expectations for processing timelines, say lawyers at Hogan Lovells.

  • 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.

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