Corporate Crime & Compliance UK

  • October 08, 2026

    ESMA Orders Halt To Noncompliant Stablecoin Services

    The European Securities and Markets Authority called Thursday for crypto-asset providers to halt services in connection with noncompliant stablecoins.

  • October 08, 2026

    SFO Told To Pay Interest To Cleared Ex-Barclays Traders

    The Serious Fraud Office and the government should repay hundreds of thousands of pounds, with interest, that was confiscated from five City traders whose convictions for rate-rigging were quashed, lawyers for the men told an appeals court Thursday.

  • October 08, 2026

    Deloitte Fined £6M, Reprimanded Over Audits Of Transport Biz

    Britain's accounting watchdog said Thursday it has fined Deloitte £6.05 million ($8 million) and severely reprimanded the Big Four firm after finding serious failures in its audits of a U.K. transport company.

  • October 08, 2026

    MS Amlin, Lancashire Settle Fight Over Planes Stuck In Russia

    Insurers MS Amlin and Lancashire have separately agreed to undisclosed settlement terms with scores of aircraft leasing companies that sued to claw back money for planes stranded in Russia after the country's invasion of Ukraine.

  • October 08, 2026

    FRC Closes Investigation Into Deloitte Audit Of Joules Group

    The U.K. accounting watchdog said Thursday it has closed its investigation into Deloitte's audit of fashion retailer Next unit Joules Group, and will not bring enforcement action.

  • October 07, 2026

    Dubai Bank Unit Loses Bid To Recoup Funds In Fraud Case

    Trafigura can keep $22.6 million in payments that a subsidiary of Dubai's Rasmala Investment Bank was deceived into making to the commodities trader, the Court Of Appeal ruled Wednesday, dismissing the bank's appeal.

  • October 07, 2026

    Watchdog Says SFO Can't Reliably Track Privileged Materials

    The Serious Fraud Office's lack of a reliable system for keeping track of confidential communications to and from lawyers, and its reliance on external lawyers to understand whether materials are legally privileged, poses a "significant risk" to its cases, an oversight body said Thursday. 

  • October 07, 2026

    Hunt For Next SFO Director Finally Gets Underway

    The Serious Fraud Office on Wednesday launched a search for its next director following Nick Ephgrave's exit earlier this year.

  • October 07, 2026

    Lawyer Used 'Stooge' To Strip BHS, Liquidators Argue

    British Home Stores' liquidators accused a senior City lawyer on Wednesday of using a "high-functioning and unwitting stooge" to enrich himself and dodge personal liability for the high street giant's collapse.

  • October 07, 2026

    London Gold Body Accused Of Role In Tanzanian Mine Deaths

    Lawyers representing the families of two men killed by police at a Tanzanian gold mine argued at the start of a London trial Wednesday that the trade body for the world's largest gold bullion market had "played a crucial role" in their deaths.

  • October 07, 2026

    11 Arrested In €100M Plastics VAT Fraud, EU Says

    Italian authorities have detained 11 people suspected of evading €100 million ($112 million) in value-added taxes while trading plastic products, the European Public Prosecutor's Office said Wednesday.

  • October 07, 2026

    SFO To Pay Staff Back For Longer Commutes After Relocating

    The Serious Fraud Office plans to compensate staff for longer commutes when the agency's office relocates to Canary Wharf from its existing headquarters in Trafalgar Square.

  • October 07, 2026

    VW Sets Aside £725M For UK Car Finance Redress Scheme

    Volkswagen's U.K. motor finance arm has set aside £725 million ($958 million) to cover potential costs of a regulatory program to compensate customers affected by historical motor finance practices, according to accounts filed at Companies House.

  • October 07, 2026

    Reinsurers Say $4B Jets Row Seeks To 'Turn Lead Into Gold'

    A group of reinsurers argued Wednesday that aircraft lessors are trying to "turn lead into gold" by seeking billions of dollars for planes stranded in Russia under reinsurance policies arranged by the airlines.

  • October 07, 2026

    Rank Group Casino Operators To Pay £5M Over AML Failures

    Three Rank Group PLC casino companies said Wednesday they will pay the U.K. government a total of £5 million ($6.6 million) after the Gambling Commission found failures in anti-money laundering and safe betting controls across their operations.

  • October 07, 2026

    Ex-Barclays Traders Overturn Rate-Rigging Convictions

    Five former Barclays traders succeeded on Wednesday in overturning their convictions for rigging benchmark interest rates, further unraveling landmark prosecutions brought by the Serious Fraud Office in the aftermath of the global financial crisis.

  • October 06, 2026

    Libor Traders Seek To Void Convictions Over Judicial Errors

    Six former City traders will seek to overturn their convictions in an appeal on Wednesday following a ruling by the U.K. Supreme Court ruling that exposed judicial errors in the Serious Fraud Office's prosecutions and cast doubt on the safety of their verdicts.

  • October 06, 2026

    FCA Tells AGM It Will Tackle Financial Crime With 'Force'

    The Financial Conduct Authority said at its annual general meeting on Tuesday that it will engage with financial crime with a "force" that has not been seen for years, highlighting artificial intelligence as a source of risk.

  • October 06, 2026

    Meta Probed By Ofcom Over Instagram Instants Safety Review

    Ofcom said Tuesday it is weighing whether Meta Platforms Inc. failed to properly assess the risks posed by a new Instagram feature before launching it, in the U.K. regulator's first investigation into the technology giant under the Online Safety Act.

  • October 06, 2026

    Petrofac Execs' Bribery Trial Delayed By Insurance Fight

    Two former Petrofac executives will have three extra weeks to prepare for their bribery trial after a London judge pushed back the start date because insurers seeking to avoid covering their criminal defense costs lost a dispute. 

  • October 06, 2026

    SRA Takes Carter-Ruck Privilege Fight To Top UK Court

    The Solicitors Regulation Authority said Tuesday that it plans to seek permission to appeal directly to the U.K. Supreme Court against a ruling which could significantly limit its ability to investigate alleged misconduct.

  • October 06, 2026

    MPs Call For Whistleblower-Handling Probe As AGM Hijacked

    A group of MPs called for an independent investigation on Tuesday into how the Financial Conduct Authority handles whistleblowers following the death of a former Wall Street broker, as the watchdog's annual general meeting was hijacked by complainants criticizing its approach.

  • October 05, 2026

    Fraudulent Insurance Claims Rise To £1.3B In 2025

    Insurers detected £1.34 billion ($1.8 billion) in fraudulent claims in 2025, a trade body said Tuesday, as it warned about the growing role of artificial intelligence in financial crime.  

  • October 05, 2026

    FCA Redress Program 'Fatally Flawed,' Lenders Tell Tribunal

    Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.

  • October 05, 2026

    SEC Censures JPMorgan Over Disqualified Swaps Trader

    JPMorgan Securities and JPMorgan Chase Bank have agreed to a cease-and-desist order and a censure from the U.S. Securities and Exchange Commission to resolve claims that the firms allowed a person who was statutorily disqualified due to a violation in the U.K. to effectuate security-based swap transactions.

Expert Analysis

  • Nigeria Ruling Offers Road Map For Onerous Costs Requests

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    The Court of Appeal's judgment in Nigeria v. VR Global Partners is significant because it tests the extent to which a court may prioritize accessibility and its own resources over a judgment creditor's desire for immediate recourse, says Josep Galvez at 4-5 Gray's Inn Square.

  • Consolidation Of Lloyd's Bylaws Will Be Useful For Members

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    Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.

  • How EU Prospectus Rule Changes May Boost Market Access

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    The European Union Listing Act’s forthcoming changes to EU prospectus requirements aim to reduce the regulatory burden for issuers of securities, facilitating more efficient transaction execution and reducing market risk, of particular relevance to small and midsize enterprises, say lawyers at Covington.

  • 4 Securities Trends For Pension Trustees To Watch In 2026

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    With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.

  • Sanctions Spotlight: Compliance Insights After OTSI's 1st Year

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    The Office of Trade Sanctions Implementation's recent report on its first year of operation offers insights into OTSI's interpretation of its mandate as the U.K.'s civil enforcement body for trade sanctions and efforts to operationalize its enforcement powers, giving businesses a compliance road map for areas it will prioritize in 2026, says Alexandra Melia at Steptoe.

  • FTO Designations: Containing Foreign Firms' Legal Risks

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    Non-U.S. companies can contain legal risks related to foreign terrorist organizations by deliberately structuring operations to demonstrate that any interactions with cartel-affected environments are incidental, constrained and unrelated to advancing harm on the U.S., says David Raskin at Nardello & Co.

  • A Look At ESMA's New Governance Framework For EU Boards

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    The European Securities and Markets Authority's recently finalized supervisory expectations for management bodies mark a shift toward improved board oversight across culture, risk, strategy and accountability that firms should view as a benchmark, say lawyers at Ropes & Gray.

  • UK Class Actions Appear Set For Resurgence In 2026

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    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.

  • Limited Claims Raise Concerns About Subsidy Act's Efficacy

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    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.

  • How To Navigate AI M&A Risks, Compliance In Europe

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    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.

  • What Is In Store For ESG Litigation In UK And EU

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    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.

  • Noting Similarities And Divergences In UK, EU Apple Rulings

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    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.

  • Decoding Arbitral Disputes: EU Law And Treaty Arbitration

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    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.

  • What To Expect From UK Prospectus Regime Changes

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    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.

  • 10 Financial Regulatory Changes To Prepare For In 2026

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    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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