Corporate Crime & Compliance UK

  • October 29, 2025

    UK's AG Blames Old Spy Law For Collapse Of China Case

    Prosecutors would have been able to proceed to trial against two men accused of spying for China if Parliament had repealed an "out of date" century-old espionage law sooner, the attorney-general told a parliamentary committee on Wednesday.

  • October 29, 2025

    Santander Asks UK To Act Over Motor Compensation Program

    Santander UK called on the government on Wednesday to intervene in the Financial Conduct Authority's proposed £11 billion ($14.5 billion) car finance compensation scheme, claiming it could harm consumers and the economy.

  • October 28, 2025

    Finance Pros Accused Of Diverting £14M From Libyan Fund

    The former head of a U.K. fund manager and a Swiss banker pocketed millions of dollars in improper fees from a Libyan sovereign wealth fund, prosecutors told a London court on the first day of the trial on Tuesday.

  • October 28, 2025

    Dubai Trader Says Iran Sanctions Don't Block $16M Payment

    A Dubai-based petroleum products trader accused a U.K. broker on Tuesday of wrongly withholding $16.5 million from its cash account due to U.S. sanctions targeting Iran, at the beginning of a London trial.

  • October 28, 2025

    Salmon Producers Deny Price-Fixing In Tesco Collusion Claim

    Salmon producers have denied Tesco's claim that they secretly shared commercially sensitive information on the sales of the fish farmed in Norway to increase prices in England, arguing that exchanges would have been to legitimately negotiate deals in the unpredictable market.

  • October 28, 2025

    CMA Tightens Leniency Rules For Cartel Whistleblowers

    The U.K.'s competition regulator has released fresh guidance for its leniency regime, saying on Tuesday that it matters more than ever that those within a cartel come forward about their involvement before an investigation has started.

  • October 28, 2025

    Bank Of Africa Fights To Overturn Whistleblower's Win

    Bank of Africa sought on Tuesday to overturn a ruling that its former head of human resources was fired for whistleblowing, telling the Employment Appeal Tribunal that a lower court had made findings "it could not have possibly reached."

  • October 28, 2025

    FCA Drafts Policy On Emergency Short-Selling Powers

    The Financial Conduct Authority released a draft policy on Tuesday on how it would use its "emergency powers" to stop or restrict short selling, in a new regime that will anonymize individual major short sellers.

  • October 27, 2025

    Tom Hayes Slaps UBS With $400M Malicious Prosecution Suit

    Former UBS trader Tom Hayes has filed a $400 million suit against his old employer, claiming the company "maliciously" framed him as the "evil mastermind" behind the company's Libor scandal despite the fact that he was explicitly directed to try to influence Libor submissions while at UBS.

  • October 27, 2025

    Welsh Body Settles HMRC Contractor Tax Probe For £14.6M

    An environmental body sponsored by the Welsh government reached a settlement of £14.6 million ($19.5 million) with the U.K. tax authority over its past use of contractors and misclassification of them for tax purposes, according to a statement.

  • October 27, 2025

    Law Society Tackles Whistleblowing Gaps With New Guidance

    The Law Society said Monday that it has built on its existing resources for in-house solicitors facing ethical challenges in their day-to-day practice by introducing new guidance on whistleblowing.

  • October 27, 2025

    Accounting Firm Denies Liability For Investor's £633K Tax Bill

    An accountancy firm has denied an investor's accusations that it was negligent in giving tax planning advice that resulted in him being hit with a £633,000 ($844,217) liability assessment, saying he had failed to distinguish between two tax schemes.

  • October 27, 2025

    Deutsche Bank Says Conviction Voids Ex-Trader's £12M Claim

    Deutsche Bank has denied liability in a £12 million ($16 million) claim from a former trader convicted of tricking market competitors through a "spoofing" scheme, arguing it had no duty to prevent him from suffering loss resulting from committing fraud.

  • October 27, 2025

    Director Misused Confidential Info To Market Tax Scheme

    A London court has ruled that the director of a tax-efficient investment product company misused confidential information by taking features of an accountant's money-saving tax structure to market in breach of a nondisclosure agreement.

  • October 27, 2025

    Axiom Ince Finance Head Wins £16K For Redundancy

    A former Axiom Ince executive has won £16,590 ($22,100) in damages and awards from the collapsed firm for his unfair dismissal, according to a newly-public judgment.

  • October 27, 2025

    Axiom Ince Manager Loses Case After Tribunal No-Show

    A finance manager suing Axiom Ince has lost her claims for unfair dismissal and notice pay after failing to show up at court, as an employment tribunal found that she may have appreciated the limited value of any payout. 

  • October 27, 2025

    HSBC Sets Aside $1.1B After Madoff Fraud Court Ruling

    HSBC Holdings PLC has revealed that it has set aside $1.1 billion in its third-quarter financial results to cover for potential losses following a Luxembourg court ruling in a claim brought by Herald Fund SPC over the Bernard Madoff investment fraud.

  • October 24, 2025

    Fraud Cost UK Victims £629M In 1st Half Of 2025, Study Finds

    U.K. fraudsters stole £629.3 million ($836.3 million) in the first half of 2025, marking a 3% rise from the same period in 2024, according to a U.K. financial trade body's midyear fraud report, published Friday.

  • October 24, 2025

    Director In £6M Investment Scam Told To Pay £321K

    A marketing company director who was convicted for his part in a £6 million ($8 million) investment scam was ordered by a court Friday to pay back £321,000 or have three years added to his prison sentence.

  • October 24, 2025

    EU Adviser Backs Email Seizures Without Court Approval

    A competition authority can seize company emails without judicial approval as part of an investigation, provided that procedural safeguards are in place to ensure that the power is free from "abuse and arbitrariness," an adviser to the European Union's top court has said.

  • October 24, 2025

    Property Purchaser Can't Revive Simmons & Simmons Case

    A London appeals court denied a prospective property buyer permission on Friday to challenge an earlier finding that there was no case to answer over his allegation that two Simmons & Simmons lawyers had breached money laundering regulations.

  • October 24, 2025

    SRA Plans 'Intrusive' Regulation After Axiom, SSB Failures

    The solicitors' watchdog has warned the profession that it might take "a far more intrusive" approach to regulation after the Legal Services Board penalized it over the collapses of Axiom Ince and SSB Group.

  • October 24, 2025

    SFO Targets 24 Firms In Expanding Timeshare Fraud Probe

    The Serious Fraud Office revealed Friday that it has expanded its investigation into a suspected multimillion-pound timeshare services fraud scheme believed to be linked to an organized crime network, and is now probing 24 U.K.-based companies.

  • October 24, 2025

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

    This past week in London has seen the Financial Conduct Authority launch legal action against a Chinese cryptocurrency exchange, The Londoner magazine face a defamation claim from an entrepreneur accused of "scamming" Knightsbridge landlords, and Gucci sued by its cosmetics supplier as L'Oréal announces plans to buy the Italian fashion house's beauty brand. Here, Law360 looks at these and other new claims in the U.K.

  • October 24, 2025

    Teenagers Accused Of TfL Cyberattack Get 2026 Trial Date

    Two teenagers accused of being behind a cyberattack that cost London's public transportation authority £39 million ($52 million) and caused serious disruption to the network will stand trial in 2026, a judge said Friday.

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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