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Corporate Crime & Compliance UK
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September 25, 2025
European Commission Probing SAP Over Software Support
European enforcers have opened an investigation into concerns that German software giant SAP restricts the market for maintenance and support services for the company's business management software.
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September 25, 2025
Ruhan Fights Allegations Of Fraud In Hotel Liquidation Case
Property mogul Andrew Ruhan has hit back against a claim made by the liquidators of a hotel company, arguing that he never conspired with a long-time friend to keep his assets out of the hands of creditors.
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September 25, 2025
Nicolas Sarkozy Sentenced to 5 Yrs In Gaddafi Funding Case
Former president of France Nicolas Sarkozy was sentenced to five years imprisonment in a tribunal in Paris on Thursday, after it found him guilty of conspiracy in a trial over the alleged criminal financing of his 2007 election campaign by Muammar Gaddafi's Libyan government.
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September 25, 2025
Court Delays Soar As Backlogs Break Records
The backlog of criminal court cases in England and Wales reached a record of nearly 440,000 between April and June, as new cases continued to outpace final decisions and the justice system remained strained by chronic underfunding.
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September 25, 2025
EU Leans On 11 Countries To Implement New AML Rules
The European Commission said Thursday that it is taking the first step toward legal action against 11 European Union countries over their failure to meet a deadline to start implementing new anti-money laundering rules.
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September 25, 2025
Nuvei Cites FTC Probe Cost In Defense To Withheld Payments
Two financial technology companies have denied that they wrongly withheld €1.3 million ($1.5 million) and 20.9 million Japanese Yen ($140,000) from an e-commerce platform, alleging that they are entitled to do so pending an ongoing U.S. Federal Trade Commission investigation.
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September 25, 2025
Co-Op Reveals Cyberattack Wiped Out £206M In Revenue
The Co-operative Group reported Thursday that it took a £206 million ($276 million) hit to its revenue in 2025 after a cyberattack forced it to restrict access to major internal systems within its legal services arm to minimize the threat.
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September 25, 2025
Fladgate Says Founders Of Claims Biz Pocketed Tax Refunds
Fladgate LLP has told a London court that the founders of a claims management company swindled tax credits linked to the firm's work on group litigation involving property search companies.
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September 24, 2025
SEC Gets $7M Default Insider Trading Win Against UK Trader
A Manhattan federal judge on Wednesday ordered a British-Lebanese trader to pay over $7.7 million, stemming from the U.S. Securities and Exchange Commission's insider trading allegations, months after the defendant avoided extradition from the U.K. on parallel criminal charges.
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September 24, 2025
Decaying Buildings Contribute To UK Court Case Logjam
Rundown court buildings riddled with asbestos, mold and maggots are among the factors causing a mounting backlog of cases in England and Wales and reflects chronic underfunding, the Law Society warned in a report published Thursday.
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September 24, 2025
Execs Breached Danish Deal In $2B Tax Case, Court Says
Three men claiming to be pension plan executives who struck a civil settlement with the Danish taxing authority over their role in a $2 billion tax fraud scheme breached their settlement agreement, a New York federal court found, saying the men had not paid back the amount they promised.
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September 24, 2025
Dentons Hires Dublin Disputes Partner From Maples Group
Dentons has added an experienced commercial litigator from offshore law firm Maples Group to its Dublin office, saying his arrival will strengthen its ability to advise both domestic and multinational clients on arbitrations, complex disputes and regulatory investigations.
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September 24, 2025
Ransomware Gangs Shift Focus To Small Biz, Insurer Warns
Insurers have seen a sharp decline in payouts from cyberattacks in the first half of the year, as hackers turn their attentions on smaller, more vulnerable businesses, Allianz said Wednesday.
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September 24, 2025
Ex-SFO Investigator Says He Was Civil At Disclosure Meeting
A former Serious Fraud Office senior investigator who claims he lost a promotion for blowing the whistle denied angrily confronting his manager about the agency's disclosure policy, as he gave evidence to a tribunal Wednesday.
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September 24, 2025
London Firm Partner 'Turned Blind Eye' To Client's Red Flags
A partner at a central London law firm repeatedly turned a blind eye to the obvious red flags of a client who was involved in a £7 million ($9.5 million) fraud, a court ruled Wednesday.
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September 24, 2025
Ex-Polish Official Could Be Denied Fair Trial, Analyst Testifies
A Polish legal analyst told a London court Wednesday that a former Polish government official wanted in Warsaw for an alleged £63 million ($85 million) fraud could have his right to a fair trial violated if he is extradited to face charges.
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September 24, 2025
Hotel Boss Banned From Directorship Over £1.6M Tax Debt
The former boss of a hotel on the Isle of Skye has been banned as a company director over tax debts totaling around £1.6 million ($2.2 million) to Britain's revenue authority, the U.K.'s insolvency agency said Wednesday.
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September 24, 2025
UK Arrests Suspect Over Cyberattack On Airports
The National Crime Agency said Wednesday that it has arrested a man in connection with a cyberattack on an airport outsourcing supplier that caused days of flight cancellations and delays across Europe.
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September 24, 2025
Alicia Alinia Takes Helm At Pogust After Tom Goodhead Exits
Pogust Goodhead chief executive Thomas Goodhead has left the law firm after leading a £36 billion ($46 billion) class-action claim against mining giant BHP, making way for Alicia Alinia, former chief operating officer, to take over.
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September 24, 2025
HSBC Using AI To Fight Fraud Under 'Failure To Prevent' Law
HSBC has emerged as one of the first banks to confirm it is harnessing artificial intelligence under the new "failure to prevent fraud" offense that targets companies benefiting from fraud committed by employees.
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September 23, 2025
Ex-SFO Investigator Claims Reprisal For Disclosure Concerns
A former Serious Fraud Office senior investigator who claims he lost a job promotion for raising concerns about disclosure policy told a tribunal Tuesday that there is a "groupthink" culture within the agency.
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September 23, 2025
Privy Council Backs Undoing Fund's $230M Madoff Claim Sale
The top appeals court for U.K. overseas territories has endorsed a successful U.S. appeal brought by the liquidator of an overseas Bernard L. Madoff feeder fund to undo its allegedly imprudent sale of its $230 million claim against the Ponzi schemer's defunct firm to a hedge fund.
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September 23, 2025
UBS Settles Long Tax Dispute With France For An €835M Fine
UBS has resolved its long-running tax dispute with France over cross-border transactions, agreeing to pay a fine of €835 million ($985 million), the company said Tuesday.
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September 23, 2025
UK Lender Settles £5M Claim Over Alleged Asset Shielding
Castle Trust Capital has settled its £4.7 million ($6.3 million) dispute with three British businessmen after it accused them of moving assets to avoiding repaying a loan, according to a court order.
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September 23, 2025
Canfields Law Denies Blame For Alleged £4M Property Fraud
The London law firm Canfields has denied negligently handling a high-value property investment, responding to allegations that it facilitated a fraud that cost a Hong Kong business executive more than £4 million ($5.4 million).
Expert Analysis
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What Cos. Must Note From FCA Bulletin On Leaking M&A Info
The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.
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FCA's Odey Decision Is Wake-Up Call For Financial Firms
The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.
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How Ransomware Payment Reforms Could Affect UK Cos.
The Home Office’s recent proposals to ban ransomware payments by publicly owned bodies is a welcome first step in its aims to tackle the cybercrime industry, but the risk remains that hackers will now focus on private companies that are still permitted to pay a ransom, says Dominic Holden at Lawrence Stephens.
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Key Takeaways From The 2025 Spring Antitrust Meeting
Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.
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Rising To The Task Of Online Safety Act Compliance
The arrival of the Online Safety Act’s deadlines for all in-scope services and children’s access in March and April, enabling the Office of Communications to begin enforcing safety duties regarding illegal content, presents formidable compliance challenges for affected businesses, says Louisa Chambers at Travers Smith.
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Google Win Illustrates Hurdles To Mass Data Privacy Claims
The Court of Appeal's December decision in Prismall v. Google, holding each claimant in a mass data privacy suit must demonstrate an individualized and sufficiently serious injury, demonstrates the difficulty of using representative action to collect damages for misused private information, say lawyers at Seladore Legal.
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What To Know About FCA's UK Listing Rules Proposal
A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise.
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Opinion
UK Gov't Needs To Take Action To Support Whistleblowing Bill
With a proposed Office of the Whistleblower Bill making its way through the U.K. Parliament, whistleblowing is starting to receive the attention it deserves, but the key to unlocking real change is for the government to take ownership of reform proposals and appoint an overarching whistleblowing champion, says Baroness Susan Kramer at the House of Lords.
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Issues To Watch At ABA's Antitrust Spring Meeting
Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.
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New UK Short Selling Rules Diverge From EU Regs
Although forthcoming changes to the U.K.’s short selling regulatory regime represent a welcome relaxation of restrictions and simplification of reporting processes, participants active in both the U.K. and EU markets will need to ensure compliance with two quite different sets of rules, says Ezra Zahabi at Akin.
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How New EU Product Liability Directive Will Affect Tech And AI
While the European Union’s new defective product liability directive, effective from December 2026, primarily provides clarifications rather than significant changes, it reflects the EU's commitment to addressing consumer protection and accountability challenges presented by the digital economy and artificial intelligence, say lawyers at Latham.
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What Latest FCA Portfolio Letter Means For Payments Firms
Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.
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ECB Guide Targets Harmonized Cyber Testing Approach
The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.
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Court Backlog Could Alter Work Safety Enforcement Priorities
While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.
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New CMA Powers Will Change Consumer Protection Regime
The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.