Corporate Crime & Compliance UK

  • 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.

  • July 29, 2025

    EU Watchdog Finds Failings In AML Defenses At Crypto-Firms

    The banking watchdog of the European Union has warned that many crypto-asset companies lack effective anti-money laundering systems, reporting that abuse of services in the sector for financial crime is a major concern.

  • July 29, 2025

    FCA Sues Property Biz Over £23M Investment Scheme

    The City watchdog said Tuesday that it has taken Concept Capital Group to a London court over an alleged unauthorized £23 million ($30 million) investment scheme related to static homes.

  • July 29, 2025

    Shvidler Loses Landmark UK Sanctions Challenge

    Britain's highest court upheld sanctions against billionaire oil tycoon Eugene Shvidler in a landmark ruling on Tuesday that backs the U.K. government's authority to impose the restrictions over Russia's invasion of Ukraine.

  • July 28, 2025

    Fraud Claims 'Smaller Slice' As Crypto Litigation Booms

    As litigation involving cryptocurrency significantly increases, fraud cases represent a lesser share of the total number of crypto disputes, according to a report published Monday by CMS Cameron McKenna Nabarro Olswang LLP.

Expert Analysis

  • 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.

  • Competition Act Brings Important UK Merger Control Changes

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    Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.

  • How GCs Can Protect Cos. From Geopolitical Headwinds

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    Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.

  • What BT Ruling Will Mean For UK Class Actions

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    The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.

  • Navigating PRA's Data Request For Crypto-Asset Exposure

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    The Prudential Regulation Authority’s recent data request for details on financial institutions' crypto-asset exposures should be used as an opportunity for firms to update their compliance procedures, and consider the future use of crypto-assets and related services, says James Wickes at RPC.

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