Corporate Crime & Compliance UK

  • October 10, 2025

    Standards Setter FSB Issues Warning On AI Monitoring Gaps

    National regulators must improve their monitoring of the adoption of artificial intelligence in the financial sector, a global standards setter urged on Friday, as unchecked exposure to the technology might expose critical vulnerabilities.

  • October 10, 2025

    Agent Blames Law Firm For Bungled £1.1M Property Sale

    An agent has blamed a law firm for a bungled £1.1 million ($1.5 million) real estate deal that ended with the lawyers settling a negligence case, as she denied allegations that she intentionally tried to sell a property she did not have the rights to.

  • October 10, 2025

    Glazing Firm Boss Avoids Prison For COVID Loan Fraud

    A court has handed a 22-month suspended prison sentence to a businessman who fraudulently obtained two loans from the state-backed COVID-19 pandemic-era bounce-back scheme and used the proceeds for gambling and cryptocurrency investments, the Insolvency Service has said.

  • October 09, 2025

    FCA Outlines Next Steps To Stop Financial Crime At AGM

    The Financial Conduct Authority outlined its next steps to prevent financial crime at its annual general meeting on Thursday, including further investment in its data-related technology and demands for higher level anti-fraud measures from tech giants such as Meta.

  • October 09, 2025

    Clearview AI's £7.5M GDPR Fine Faces Renewed Scrutiny

    A London tribunal has decided that a lower court was wrong to find that the U.K.'s data protection regulator lacked the power to fine Clearview AI Inc. £7.5 million ($10 million) over its collection of images of U.K. citizens from social media without their knowledge.

  • October 09, 2025

    Hip-Hop DJ Tim Westwood Charged With Rape, Sexual Assault

    The Crown Prosecution Service said Thursday that it had approved 15 charges of sexual offenses against U.K. hip-hop DJ and broadcaster Tim Westwood spanning over three decades and involving seven women.

  • October 09, 2025

    Dutch Gov't Summons Fund Suspected Of €200M Tax Evasion

    Dutch prosecutors have summoned a foreign pension fund that they suspect evaded €200 million ($231 million) in taxes on dividends through fraudulent refund claims, the government said Thursday.

  • October 09, 2025

    BAE Suppliers Deny Selling Faulty Parts In £11.5M M&A Row

    The former owners of an aerospace component maker that supplied BAE Systems has denied knowingly selling faulty parts as it fights the new owner's claim for an £11.5 million ($15.3 million) refund after an acquisition.

  • October 09, 2025

    Richard Desmond Wants £1.3B Over National Lottery Award

    A group owned by former publishing magnate Richard Desmond alleged Thursday at the trial over its £1.3 billion ($1.7 billion) claim that the U.K. gambling regulator had made "manifest errors" in the process of awarding the National Lottery license.

  • October 09, 2025

    Banks Warn Of Extra Hit Over Car Loan Finance Scandal

    Lloyds and Close Brothers both warned on Thursday that they are reviewing whether they need to allocate extra cash to compensate U.K. motor finance customers, days after the City watchdog disclosed a planned redress program for the mis-selling scandal.

  • October 08, 2025

    Senior Managers At Risk In FCA's £8B Motor Finance Plan

    The Financial Conduct Authority's proposed £8.2 billion ($11 billion) car finance redress scheme would force senior managers of lenders to put their heads on the block by attesting that they have adequate systems to identify customers for compensation, with wrong decisions risking enforcement action by the regulator, lawyers have warned.

  • October 08, 2025

    Tobacco Co. Made Timely Tax Refund Claims, UK Court Rules

    A British tobacco company didn't wait too long to seek repayment of taxes it mistakenly paid on foreign dividends, a U.K. appeals court ruled Wednesday, rejecting HM Revenue & Customs' contention that the claims were time-barred.

  • October 08, 2025

    CPS Has Immunity Over Victim Address Leak In Court

    A London appeals court ruled Wednesday that the Crown Prosecution Service is immune from a claim by a domestic abuse victim after its advocate inadvertently revealed the victim's new address to her abusive ex-partner in court.

  • October 08, 2025

    Tech Biz Says Former Exec Lied About CEO's Links To Russia

    A technology company has accused a former executive in a London court of targeting its CEO with a smear campaign about his alleged ties to Russian special services and organized crime networks.

  • October 08, 2025

    'Finfluencers' Have To Wait Until 2027 For Trial

    Three men charged with advertising unauthorized investment opportunities in foreign exchange markets on social media will have to wait at least until late 2027 for their trials, a London judge said Wednesday.

  • October 08, 2025

    Christie's Denies Hiding Picasso Crime Links In £14.5M Case

    Christie's auction house has denied concealing the fact that a Picasso had been owned by a drug trafficker when it persuaded an art collector to bid £14.5 million ($19.5 million) for the painting.

  • October 08, 2025

    Ex-Yellow Pages CFO Wins Costs In Baseless £1B Fraud Case

    A London court has ruled that the former finance chief of Yellow Pages should have his costs covered in both criminal and review proceedings stemming from a private prosecutor's unfounded allegations that the boss oversaw a £1 billion ($1.3 billion) fraud.

  • October 08, 2025

    Top Prosecutor Blames Gov't For Collapse Of China Spy Trial

    Prosecutors dropped criminal charges against two men accused of spying for China because the government did not offer evidence that Beijing was a national security threat, according to the U.K.'s top prosecutor.

  • October 07, 2025

    Wine Co. Exec Cops To Wire Fraud Conspiracy In $99M Scam

    A United Kingdom wine company executive pled guilty to wire fraud conspiracy in New York federal court Tuesday in a criminal case accusing him of scamming investors out of $99 million after persuading them to make loans using wine collections as collateral.

  • October 07, 2025

    Ex-IT Exec Sues His Lawyers After Losing Hacking Case

    A former chief technology officer has sued the law firm that represented him in civil proceedings against his ex-employer following his conviction for hacking their computer systems, accusing the law firm of breaching its duties by refusing to pursue an appeal argument. 

  • October 07, 2025

    FCA Says Lenders Will Pay Out £8B For Motor Finance Scandal

    The Financial Conduct Authority released a proposed industry-wide program under consultation on Tuesday to compensate motor finance customers treated unfairly between 2007 and 2024, which it estimates will pay out £8.2 billion ($11 billion) in redress.

  • October 07, 2025

    Class Reps Vie To Bring Rival Ad-Price Claims Against Google

    A former judge and a competition law scholar on Tuesday fought to bring rival multibillion-pound class actions against Google over allegedly unfair advertising pricing practices, each arguing at a London tribunal that they would be the better candidate to take on the tech giant.

  • October 07, 2025

    Nick Candy Admits Looking Stupid Over Alleged €5M Fraud

    Property entrepreneur Nick Candy admitted that he "looks stupid" after being allegedly deceived by a dotcom-era investor into putting money in a failed social media startup, as he gave evidence on the first day of a €5 million ($5.8 million) trial.

  • October 07, 2025

    KPMG Fined By FRC For 'Serious' Failings In Audit Of Retailer

    The accounting watchdog said Tuesday that it has hit KPMG and one of its partners with a £711,000 ($952,000) fine for "serious" failings in an audit of an online retailer — the latest in a series of penalties imposed by the regulator.

  • October 06, 2025

    SFO Stands By Ex-Deutsche Bank Trader's Fraud Conviction

    The Serious Fraud Office said Monday that the conviction of a former Deutsche Bank AG trader for conspiring to rig a benchmark interest rate remains safe even after the U.K.'s highest court overturned similar cases of two former bankers earlier this year.

Expert Analysis

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “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.

  • EU Report May Influence Regulation Of Decentralized Finance

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    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.

  • EU Paper Urges Data Protection And Competition Law Unity

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    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.

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    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.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    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.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    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.

  • Review Of Computer Evidence Use Raises Complex Issues

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    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.

  • How Proposed Private Share Trading System May Benefit Cos.

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    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.

  • New Bill Introduces Important Whistleblower Protections

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    If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.

  • What To Expect As CAT Considers Mastercard Settlement

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    It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

  • What To Know As EU Urges Outbound Investment Reviews

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    A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.

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