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Corporate Crime & Compliance UK
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March 20, 2026
MFS Faces FCA Probe After Collapse With £1B Debts
The City watchdog said Friday that it has launched an enforcement investigation into Market Financial Solutions Ltd., a U.K. provider of property loans that collapsed in February with debts of more than £1 billion ($1.3 billion).
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March 19, 2026
SRA Chief Targets Risks To Consumers In 2026
The Solicitors Regulation Authority will make operational changes and take a more forward-looking approach to identifying risks to consumers, after acknowledging failings in its performance.
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March 19, 2026
EU Court Advised To Uphold €20M Canned Veg Cartel Fine
A European Union advocate general recommended on Thursday that the bloc's highest court dismiss a challenge from a canned vegetable producer to a €20 million ($23 million) fine for cartel activity, suggesting that the EU's competition enforcer didn't miscalculate the fine.
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March 19, 2026
Speed Up Delivery Of Consolidated Tape, EU Trade Bodies Say
Two leading European trade bodies for financial institutions have called on policymakers to speed up the delivery of the consolidated tape to boost market competitiveness, warning that rules on best execution of trades for retail investors need effective enforcement.
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March 19, 2026
HMRC Proposes Stricter Transaction Reporting For Small Cos.
The U.K.'s tax authority wants to hear from small businesses about plans to require entities to disclose close company transactions such as cash withdrawals to it as part of an effort to reduce tax compliance failures, the agency said Thursday.
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March 19, 2026
PI Loses Bid To Block Extradition To US On Hacking Charges
A private investigator accused of hacking activists on behalf of ExxonMobil to subvert climate change litigation lost his bid on Thursday to overturn a decision to allow his extradition to the U.S. to face trial.
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March 19, 2026
Ex-Battersea Power Station Chief Sues Over Whistleblowing
The former chief executive of Battersea Power Station is suing the Malaysian company that redeveloped the decommissioned site and four executives for allegedly firing him after he blew the whistle on an inflated balance sheet, his lawyers said Thursday.
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March 18, 2026
Greensill Can't Stop Disqualification Case Over Unfair Probe
Lex Greensill failed Wednesday to strike out U.K. government proceedings to disqualify him as a company director, as a London court ruled that a full trial is needed to assess the fairness of the investigation running up to the case.
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March 18, 2026
MFS Owner Hit With Asset Freeze After Mortgage Biz Collapse
The owner of failed U.K. mortgage provider Market Financial Solutions has been hit with a worldwide freezing order, administrators said Wednesday in the wake of fraud allegations following its collapse in February with debts in excess of £1 billion ($1.3 billion).
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March 18, 2026
1st SLAPP Ruling Delivers Symbolic But Limited Landmark
A judge recently found for the first time that a claim met the statutory definition of a strategic lawsuit against public participation, offering a symbolically significant — if limited — test of new powers designed to curb abusive litigation.
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March 18, 2026
MoD Whistleblower's Airbus Corruption Claim Gets Delayed
A whistleblower's claim against the government and an Airbus subsidiary for damages will be delayed after a London judge said Wednesday that the court will not have enough time to determine crucial issues in the case.
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March 18, 2026
Oil Exec Denies Role In €144M Petro Biz Embezzlement Case
An executive has denied that he acted as the shadow director of a Singaporean oil company that says it was the victim of a €143.8 million ($165.6 million) forgery and payment diversion fraud, rejecting claims he could have known about the misappropriation.
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March 18, 2026
FCA Denies Exerting 'Undue Pressure' During Odey Probe
A manager at the City watchdog who conducted its supervision of Crispin Odey's hedge fund rejected the financier's allegations that pressure from the watchdog made other executives incapable of fairly disciplining him over allegations of misconduct.
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March 18, 2026
HMRC Counters Barclays Bid To Revive £800M Tax Deduction
Barclays Bank wasn't entitled to treat as a corporate tax deduction £800 million ($1 billion) of £3 billion raised issuing debt instruments in a deal with Qatar and Abu Dhabi, HM Revenue & Customs argued Wednesday, because the bank gave away certain securities as a "sweetener" for the deal.
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March 17, 2026
Barclays Defends £800M Deduction For Financial Crisis Debt
Barclays Bank defended its tax treatment of £3 billion ($4 billion) in debt instruments issued during the financial crisis, telling the U.K. Upper Tribunal on Tuesday that £800 million should be deductible as a debit arising from a loan.
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March 17, 2026
Mex Group Faces Losses Probe After Dropping £85M Case
A London court on Tuesday ordered an inquiry into losses allegedly caused by a worldwide asset freeze obtained by Mex Group against two business executives and a financial services company, after the group abandoned its £85 million ($114 million) proceedings underpinning the freeze.
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March 17, 2026
Visa, Mastercard Win Shot At Overturning Fee Liability Ruling
Visa and Mastercard won their bid for permission to appeal a ruling that found their swipe fee schemes had violated competition rules, with the Competition Appeal Tribunal ruling Tuesday that all the credit card giants' grounds of appeal merit a full hearing.
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March 17, 2026
Modi Rejects India Torture Protections In $2B Extradition Case
Jewelry magnate Nirav Modi argued in a London court on Tuesday that his extradition to India over an alleged $2 billion fraud should be blocked because he would be at risk of torture during interrogation if he was prosecuted there.
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March 17, 2026
UK Joins Interpol To Launch New Global Fraud Enforcer
The U.K. and Interpol launched a new international law enforcement unit on Tuesday in what the government hailed as a first-of-its-kind effort to hunt down organized criminal groups running scam compounds that target consumers.
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March 17, 2026
Director Owing £120K Tax Banned For 'Abusive Phoenixism'
A business adviser who repeatedly set up new firms that left unpaid tax bills has been banned as a director for five years after his consultancy collapsed owing more than £120,000 ($160,000).
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March 16, 2026
Brokerage Lacks NY Ties In Pensions' Tax Claims, Judge Says
A New York federal court threw out claims by three pension plans against a London brokerage firm that, according to the plans, executed fraudulent refund claims for them to the Danish tax authority, finding the brokerage had insufficient ties to New York.
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March 16, 2026
MoD Looks To Knock Out Whistleblower's Saudi Bribery Claim
A London court is due to weigh whether a whistleblower has the right to sue the government and a former Airbus subsidiary for damages starting Tuesday amid allegations that he was sacked and blacklisted for exposing corrupt payments to high-ranking Saudi officials.
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March 16, 2026
HMRC Speeds Up Investigations Into Large Businesses
The U.K.'s tax authority has reduced the length of its tax investigations into large businesses, according to data released Monday, though the backlog of open cases has continued to grow.
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March 16, 2026
Chelsea Fined Record £10.75M For Abramovich-Era Payments
The Premier League fined Chelsea Football Club a record £10.75 million ($14 million) on Monday for breaching financial rules on payments to players and football agents during Roman Abramovich's tenure as owner of the team.
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March 16, 2026
Investec Denies £22M Loan Breached Sberbank Sanctions
Anglo-South African lender Investec Bank PLC has denied that its lending provided funds to PJSC Sberbank in breach of sanctions, while pressing home its claim that two business executives owe it almost £22 million ($29.3 million) under loan agreements.
Expert Analysis
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UK Class Actions Appear Set For Resurgence In 2026
In 2026, the U.K. will likely see an uptick in class actions as a result of legal and regulatory developments, including the landmark court decision in BHP Group v. PGMBM Law that boosted confidence in the enforceability of funds-committed litigation funding arrangements, say lawyers at Winston & Strawn.
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Limited Claims Raise Concerns About Subsidy Act's Efficacy
With significantly fewer challenges to date than expected under the Subsidy Control Act, it appears that parties may be unwilling to bring claims or unaware of their rights, calling into question the effectiveness of the regime, says Matthew Hall at McGuireWoods.
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How To Navigate AI M&A Risks, Compliance In Europe
As the artificial intelligence industry continues to witness substantial M&A transactions in Europe, parties should be mindful of the unique challenges posed by the acquisition of intangible AI technologies, monitor the evolving regulatory landscape, and establish optimal mechanisms for risk allocation, say lawyers at Morgan Lewis.
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What Is In Store For ESG Litigation In UK And EU
With 2025 seeing more sophisticated and far-reaching environmental litigation, and regulatory enforcement set to continue, a focus on greenwashing and climate attribution science is likely in 2026, and organizations must remain vigilant and proactive in their approach to sustainability risks and opportunities, say lawyers at Simmons & Simmons.
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Noting Similarities And Divergences In UK, EU Apple Rulings
While recent judgments against Apple by the Competition Appeal Tribunal and European Commission all focus on the Apple ecosystem and point toward closer scrutiny of its App Store rules, their analytical methodologies and potential enforcement routes differ, highlighting differences in approaches to competition law, say lawyers at Perkins Coie.
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Decoding Arbitral Disputes: EU Law And Treaty Arbitration
A recent Singapore court ruling in DNZ v. DOA upholding an arbitration award against Poland constitutes a significant affirmation of the autonomy of international arbitration from regional constitutional orders when disputes are adjudicated outside those orders, says Josep Galvez of 4-5 Gray's Inn.
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What To Expect From UK Prospectus Regime Changes
The new U.K. prospectus regime for trading on regulated markets, effective Jan. 19, aims to streamline processes and reduce costs, but a significant shift in structuring and disclosure obligations will increase pressure on practitioners to manage risk under tighter timelines, say lawyers at Baker Botts.
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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.