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Corporate Crime & Compliance UK
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March 02, 2026
Customs, VAT Fraud Costing €45B, EU Prosecutors Say
Cross-border customs and value-added tax fraud are reshaping the criminal landscape in the European Union, with such schemes generating an estimated €45 billion ($52.7 billion) in damage, according to a report published Monday by an independent prosecuting body.
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March 02, 2026
Shein Fights To Withhold List Of Top Suppliers In Temu Battle
Shein asked a London appeals court on Monday to give it a chance to overturn an order compelling it to hand over a list of its top suppliers to Temu in a battle over photo copyright and alleged anticompetitive conduct.
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March 02, 2026
SFO Denied Final Chance To Cut $128M From ENRC Damages
The Serious Fraud Office cannot slash its potential payout to Eurasian Natural Resources Corp. by $128 million over its unsuccessful criminal investigation after Britain's highest court refused to weigh in on the case, the parties confirmed on Monday.
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March 02, 2026
CMA Probes Hilton, IHG, Marriot Over Potential Data-Sharing
The antitrust watchdog said Monday that it has opened a formal investigation into whether three major hotel groups and a data provider illegally shared commercial information that could weaken competition.
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February 27, 2026
Four Charged Over Fraudulent COVID Vaccine Records Sale
The National Crime Agency revealed Friday that four people have been charged over their alleged role in the creation and sale of fraudulent COVID-19 vaccination records during the pandemic.
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February 27, 2026
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.
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February 27, 2026
Airlines Lose ECJ Challenge To €520M Air Cargo Cartel Fines
A group of airlines, including British Airways and Cathay Pacific, have largely lost their legal challenge to almost €520 million ($614 million) in fines over their long-running cartel to coordinate fuel and security surcharges on air cargo services.
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February 27, 2026
5 Questions For Kennedys' Ash Daniells On FOS Reforms
The government is reforming the Financial Ombudsman Service, which settles claims between consumers and regulated financial businesses. The reforms come after years of complaints that the ombudsman is not working efficiently, but the proposals have attracted wide criticism.
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February 27, 2026
Top Barclays Exec Named As Head Of UK Banking Watchdog
The Bank of England said Friday that senior Barclays executive and former Treasury official Katharine Braddick has been appointed as the next head of the U.K.'s main banking watchdog.
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February 27, 2026
'A Recipe For Disaster': How SFO's London Mining Case Sank
The decision by the Serious Fraud Office to abandon its long-running prosecution of former executives at London Mining has led to renewed scrutiny of its handling of online disclosure of evidence and its broader approach to investigations and technology.
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February 27, 2026
Ex-Judge Can't Fight Fraud Conviction Over Legal Costs
An English appellate court on Friday barred a former part-time judge and barrister from making a fresh challenge against his conviction for fraudulently submitting cost claims, ruling that new evidence in support of his case wasn't credible.
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February 26, 2026
Biz Owner Gets £2M Tax Evasion Penalty Tossed As Unfair
A company owner isn't liable for a nearly £2 million ($2.7 million) civil tax evasion penalty because HM Revenue & Customs didn't raise its claims of dishonesty by the owner in a prior proceeding it relied on later, a London court said Thursday.
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February 26, 2026
Ex-Exec. In $2B Denmark Tax Scheme Hid Assets, Court Told
A Florida man involved in a $2 billion Danish tax refund scheme fraudulently transferred millions of dollars to a U.S. company to prevent the Danish government from seizing those assets, Denmark's tax agency told a New Jersey federal court.
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February 26, 2026
Russian Insurance Giant Loses Bid To Overturn EU Sanctions
A European Union court has rejected AlfaStrakhovanie AO's bid to be removed from the bloc's sanction list, ruling that the insurer provided "material" support to the Russian government in its war efforts in Ukraine.
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February 26, 2026
Broker Denies Tricking Investors Over ESMA Risk Before IPO
Broker Plus500 Ltd. has denied in litigation with a group of institutional investors that it withheld information before going public, saying it was clear that impending European rules designed to protect retail investors could hurt the online trading platform's business.
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February 26, 2026
SFO Insider Tapped To Lead Agency As Ephgrave Exits
The attorney general tapped on Thursday a senior official at the Serious Fraud Office to run the white-collar agency as it searches for a permanent replacement for Nick Ephgrave after his decision to retire halfway through his tenure.
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February 26, 2026
Metals Magnate Denied Appeal In $500M Trafigura Fraud Case
Prateek Gupta can't challenge a finding that he carried out a $500 million scam against Trafigura through sham nickel trades, after a judge rejected his argument on Thursday that the commodities trader was aware of the fraud.
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March 05, 2026
Willkie Hires Ex-Clifford Chance UK Competition Chief
Willkie Farr & Gallagher LLP said Thursday that it has hired a former competition leader at Jones Day and Clifford Chance for its office in London.
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February 26, 2026
FCA Tests Global Reach In HTX Crypto-Exchange Litigation
The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.
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February 26, 2026
New Courts Bill To Hit Fraud, Bribery, AML Offenses
Historic legislation that curtails the right to jury trials means cases of complex fraud and financial crime will be heard by a judge alone to ease pressure on the criminal justice system and reduce the length of particularly technical trials.
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February 25, 2026
EU, UK To Share Info On 'Significant' Antitrust Probes
British and European Union officials signed a new agreement Wednesday promising to notify each other of major merger and antitrust probes and coordinate their efforts "when necessary," in what they called the first dedicated competition cooperation agreement following the United Kingdom's withdrawal from the EU.
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February 25, 2026
Two Arrested In £6M Waste Packaging Fraud Investigation
The Environment Agency revealed Wednesday that two people have been arrested as part of an investigation into suspected money laundering and the fraudulent sale of more than £6 million ($8.1 million) in waste packaging scheme credits.
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February 25, 2026
Lebanese Fund Accuses Founder Of Secret $29M Asset Sale
A Lebanese fund said in filings Wednesday in a London court that its founder unilaterally sold $29 million of its investment portfolio behind the backs of shareholders, handing the assets to a Kuwaiti business group — his "true" employer.
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February 25, 2026
EU Watchdog To Change Senior Manager Suitability Rules
European financial regulators on Wednesday launched a consultation proposing major changes to how banks and investment firms assess the fitness and propriety of their leaders and key executives.
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February 25, 2026
SFO To Claw Back 'Mere Fraction' From £226M Ponzi Fraud
A judge ordered a property developer convicted of running a £226 million ($305.5 million) Ponzi scheme to pay back just £283,000 on Wednesday after concluding that the vast majority of the investors' money was lost or siphoned off as a family "money pot."
Expert Analysis
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10 Financial Regulatory Changes To Prepare For In 2026
A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.
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How Gov't AML Supervision Reform Will Affect Law Firms
In confirming that the Financial Conduct Authority will become the single supervisor for professional services, HM Treasury’s planned reform of the U.K.’s anti-money laundering and counter-terrorist financing supervision regime marks a significant change for the legal profession, signaling a greater emphasis on evidence and accountability, says Harriet Holmes at Thirdfort.
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EU Financial Regulation Trends Cos. Need To Watch In 2026
An ever-increasing number of initiatives on the European Union regulatory agenda, with simplification and consistent implementation being priorities, means financial services businesses with a footprint in the EU or seeking to establish one will face significant challenges and strategic opportunities, say lawyers at Taylor Wessing.
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What To Expect From UK, EU Crypto Regime Changes In 2026
With 2025 marking the first operational year of the European Union’s Markets in Crypto-Assets Regulation and the U.K.’s rules reaching their final legislative form, the two jurisdictions are converging in focus, but structural design differences mean firms active in both markets will require dedicated documentation to ensure compliance, say lawyers at Morgan Lewis.
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What Cos. Can Expect From CMA Consumer Protection Drive
The Competition and Markets Authority’s recently launched consumer protection drive targeting banned online sales practices focuses on supporting compliance rather than on enforcement, although firms should expect this to change once businesses have had time to adapt to the regulator's new regime, say lawyers at Baker Botts.
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Preparing For UK's New Tax Fraud Whistleblower Program
With the U.K. government introducing a U.S.-style whistleblower incentive scheme to tackle high-value tax avoidance and evasion, companies should take proactive steps and establish clear protocols to mitigate the potential increase in tax investigations, say lawyers at Skadden.
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Key Trends Shaping ESG And Sustainability Law In 2026
2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.
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Digital Regulation In EU And UK: The Enduring 2025 Themes
With EU and U.K. digital regulation becoming an operational reality in 2025 and no sign of slowing in 2026, organizations need to embed content moderation, cybersecurity and data access obligations into their compliance structures, although legislative divergences mean that multinational businesses must also consider parallel and sometimes conflicting expectations, say lawyers at Morrison & Foerster.
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FCA Enforcement Trends In 2025 And Expectations For 2026
The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.
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Judicial AI Guidance Update Shows Caution Still Prevails
The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.
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Brazil Dam Ruling Highlights Role Of Corporate Accountability
The recent High Court judgment in Municipio de Mariana v. BHP concerning the collapse of the Fundao dam establishes a precedent for holding parent companies that exercise significant control and assume responsibility liable for the actions of group entities, notwithstanding their multinational corporate structure, say lawyers at Irwin Mitchell.
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Freezing Orders Maintain Their Impact 50 Years On
Freezing orders, created in Mareva v. International Bulk Carriers 50 years ago, are now a fundamental part of English and Welsh law and a significant weapon in the litigator's armory, considered indispensable by practitioners seeking to obtain enforceable judgments and interlocutory relief on behalf of their clients, say lawyers at Trowers and Hamlins.
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Decoding Arbitral Disputes: A Paris Ruling Defines Key Limits
Though French arbitration law is highly supportive of arbitral autonomy, last week's Paris Court of Appeal judgment annulling a $14.9 billion arbitral award against Malaysia reaffirms that such support is neither unqualified nor blind to defects striking at the very legitimacy of the arbitral process, says Josep Galvez at 4-5 Gray's Inn.
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EU Businesses Face Uncertainty Amid Sustainability Reforms
The European Commission’s sustainability omnibus, due to be approved this month, has brought a year of regulatory upheaval for European businesses, and although the long-awaited scaled-back obligations will provide clarity, a balance between not overburdening reporting companies and the need for data to make sustainable investments must be found, say lawyers at Peters & Peters.
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SFO Compliance Guide Highlights Early Remediation Is Key
The Serious Fraud Office’s first external guidance on evaluating corporate compliance programs serves as an important reminder to organizations to keep their compliance measures under close review from the earliest stages of an internal investigation to mitigate the risk of ongoing and future misconduct, says Tom Grodecki at Cadwalader.