Corporate Crime & Compliance UK

  • April 25, 2025

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

    This past week in London has seen pub operator Stonegate sue insurance broker Marsh, a human rights lawyer sued for defamation by Russian businessman Ovik Mkrtchyan, and British toy-maker The Character Group reignite an employment dispute with a former finance director. Here, Law360 looks at these and other new claims in the U.K.

  • April 24, 2025

    Ofcom Unveils Final Child Safety Rules For Tech Cos.

    The U.K. communications regulator finalized new rules Thursday to protect children's safety online, compelling technology companies to introduce "highly effective" age checks or face fines or nationwide bans.

  • April 24, 2025

    Marine Co. Claims Axis Bank Misled It Into $21M Loan Scheme

    A marine energy company has sued the Dubai branch of India's Axis Bank for $41.7 million, alleging that the lender misled it into participating in a loan to a shipping company secured against ships that were later sold without its knowledge.

  • April 24, 2025

    Lloyd Firth On SFO's New Energy And UK Regulatory Shift

    Lloyd Firth comes from a long line of blue-collar workers from the north of England. Bricklayers, mostly, but also coal miners and gas blowers from Barnsley's furnaces. Firth, whose father and brother still work in the trade, read books instead.

  • April 24, 2025

    Digital Pharma Biz Sues Lender Over CEO Loan Collusion

    A digital pharmacy company has accused a small business lender of knowingly working with its former CEO to funnel huge unauthorized loans into the firm, ignoring clear signs that the executive was acting dishonestly and beyond his powers.

  • April 24, 2025

    Gov't Fairly Fired Anti-Fraud Officer Over Misconduct

    An employment tribunal has found that the Department for Work and Pensions was right to fire a counterfraud officer for inappropriately accessing records on its customer information system because it was not the first time she had done so.

  • April 24, 2025

    Canfield Law Faces £4M Claim Over Alleged Property Fraud

    A Hong Kong businessman has accused a London law firm in a High Court claim of failing to ask questions in connection with a high-value property deal, which he says facilitated a fraud that cost him more than £4 million ($5.3 million).

  • April 24, 2025

    Legal Exec Banned For Misappropriating £219K Client Funds

    A legal executive has been disqualified and banned from working at law firms after the English solicitors' watchdog concluded that he had misappropriated £219,000 ($292,000) from a dead client's estate.

  • April 23, 2025

    SFO Updates Rules To Cut Deals With Firms That Come Clean

    The Serious Fraud Office said on Thursday that it is ready to cut deals with companies that come clean about their suspected crimes, part of a major policy change designed to boost the flagging number of corporate settlements.

  • April 23, 2025

    Rainer Hughes Founder Accused Of Laundering Fraud Funds

    Prosecutors accused a founder of Rainer Hughes LLP of laundering the proceeds of a multimillion-pound alcohol tax fraud at the beginning of a criminal trial in London on Wednesday.

  • April 23, 2025

    Lawyers Face Misconduct Case For Letting Trainee Run Firm

    The Solicitors Regulation Authority told a disciplinary tribunal on Wednesday that a group of lawyers were guilty of misconduct for allowing a trainee to buy and run a firm, leading to accounts rules breaches and a mishandled case.

  • April 23, 2025

    Brazilian Cos. Appeal EU Rulings Over Madeira Tax Scheme

    Several Brazilian companies are appealing the European Union's court rulings that tax breaks they received in the Madeira Free Trade Zone are considered illegal state aid provided by Portugal​​​​​, according to the Official Journal of the EU.

  • April 23, 2025

    Payroll Biz Exec Banned For 8 Years Over £2.5M Tax Fraud

    The boss of a defunct payroll company that failed to pay millions of pounds in value-added tax was banned as a director for eight years on Wednesday after a government investigation into the business' significant tax underpayments.

  • April 23, 2025

    SFO Bribery Case Could Test Unanswered Legal Principles

    Allegations by the Serious Fraud Office that an insurance broker failed to prevent bribery will tread new ground, a sign that the agency is willing to probe largely unanswered legal principles to test the extent of its powers, lawyers say.

  • April 23, 2025

    Apple, Meta Fined €700M In 1st Penalty Under EU Tech Rules

    The European Commission said Wednesday it has fined Apple Inc. €500 million ($570 million) and Meta €200 million for failing to give consumers choices on offers and how their personal data is used — the first decision under the bloc's Digital Markets Act.

  • April 22, 2025

    SRA Fines Law Firm £37K For AML Compliance Failure

    The English solicitors' regulator has hit a firm with an almost £37,000 ($49,000) fine after the firm admitted failing to carry out risk assessments required by anti-money laundering regulations.

  • April 22, 2025

    Director Banned After Investors Lost £8.5M In Tree Bonds

    A U.K. businessman has been banned from running a company until 2036 after investors in a Brazilian plantation scheme lost more than £8.5 million ($11.3 million), the Insolvency Service said Tuesday.

  • April 22, 2025

    Fraud Review Explores Incentives For UK Whistleblowers

    A government-backed review into how to protect consumers from surging levels of fraud will also consider incentives for informants and whistleblowers in investigations involving agencies such as the Serious Fraud Office, the Home Office said Tuesday.

  • April 22, 2025

    Ex-Janus Analyst Denies Telling Sister To Short Lab Shares

    A former financial analyst testified in London on Tuesday that his sister's decision to short a major lab testing company's share price minutes after he received confidential information unavailable to the market had nothing to do with him.

  • April 22, 2025

    HMRC Tax Investigations Of Large Cos. Drag On, Report Says

    HM Revenue & Customs investigations into the tax arrangements of large businesses take almost four years on average, according to research published by a law firm.

  • April 17, 2025

    FTC To Narrow Data Privacy Scope As Uncertainties Loom

    The Republican-led Federal Trade Commission is poised to pursue a data privacy agenda focused on established harms and statutory authorities rather than ambitious rulemaking, although the recent firing of two commissioners casts doubt on the long-term viability of these actions and the future of a crucial transatlantic data transfer pact.

  • April 17, 2025

    Israeli Makes Final Bid To Block US Hacking Extradition

    Lawyers for an Israeli private investigator fighting extradition to face hacking charges in the U.S. urged a London judge Friday to reject diplomatic assurances about conditions at a New York prison, saying that violence was "endemic" there.

  • April 17, 2025

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

    The past week in London has seen the producers of West End show "Elf the Musical" face a contract dispute, Korean biotech company ToolGen Inc. bring a fresh patents claim against pharma giant Vertex, and ousted car tycoon Peter Waddell bring a claim against the private equity firm that backed his business. Here, Law360 looks at these and other new claims in the U.K.

  • April 17, 2025

    Worker Wins 2nd Shot At Claim Over Vetting Concerns

    A systems designer can have a second shot at arguing that she wasn't hired by a digital services consultancy because she questioned its vetting practices, after an appeals tribunal said Thursday that she made whistleblowing claims.

  • April 17, 2025

    SFO Arrests Another Suspect In Timeshare Fraud Probe

    The Serious Fraud Office said Thursday that it has arrested another man in its ongoing investigation into an organized criminal group suspected of conning hundreds of people out of holiday timeshares through high-pressure sales tactics.

Expert Analysis

  • How EU Digital Act Could Shape UK Technology Disputes

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    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.

  • Key Findings From EU Report On Antitrust Remedies

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    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.

  • How Foreign Cos. Should Prep For New UK Fraud Law

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    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.

  • Opinion

    EU's AI Code Of Practice Creates Risk Of Regulatory Clashes

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    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.

  • Ruling In SFO Case Shows How Contract Rules Apply To DPAs

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    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.

  • What To Know About Compliance As EU AI Act Takes Effect

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    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.

  • Banker Remuneration Proposals Could Affect More Than Pay

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    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.

  • 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.

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