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Corporate Crime & Compliance UK
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October 16, 2025
UK Open To Behavioral Remedies During Merger Reviews
The antitrust authority said Thursday that it is weighing a more flexible approach to remedies during merger reviews that would require it to regulate the behavior of the companies involved as it backs the government's growth agenda.
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October 15, 2025
Funeral Director Admits Fraud, Faces Trial On Other Counts
A funeral director pleaded guilty to 36 fraud offenses at an English criminal court Wednesday in a case centered on wrongdoing in funeral plans.
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October 15, 2025
CPS Eyes Compensation Plan In £5B Bitcoin Fraud Dispute
British prosecutors said Wednesday they will set up a compensation program for thousands of Chinese investors defrauded by a money launderer convicted in the U.K. as part of a scramble for £5.1 billion ($6.8 billion) in seized cryptocurrency.
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October 15, 2025
Ex-Clerk Must Repay £220K For Role In Legal Aid Fraud
A London judge on Wednesday ordered a former legal clerk to hand over more than £220,000 ($294,000) following his convictions for leading a scheme to make bogus legal aid claims for criminal defense costs worth over £12.5 million.
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October 15, 2025
UK Adds Over A Dozen Countries To Global Minimum Tax List
HM Revenue & Customs added more than a dozen countries to the list of states implementing Pillar Two's global minimum tax rules, the tax authority said Wednesday.
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October 15, 2025
Mercedes Denies Using VW-Style 'Dieselgate' Tech
Mercedes-Benz told a London court on Wednesday that their vehicles do not contain the same technology installed by Volkswagen that sparked the "Dieselgate" scandal as car manufacturers began their defense of a major group claim by motorists.
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October 15, 2025
Rosneft And Lukoil Targeted In UK's Latest Russia Sanctions
The British government said Wednesday that it has hit the Russian energy industry with "the strongest sanctions yet," targeting oil giants Rosneft and Lukoil in order to stifle funding for Russia's war in Ukraine.
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October 15, 2025
Starmer Vows To Publish Key Evidence In China Spy Case
Keir Starmer told Parliament on Wednesday that the government will publish the evidence it handed to prosecutors for criminal proceedings against two men accused of spying for China as political pressure grows over the Crown Prosecution Service's decision to drop the case.
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October 15, 2025
Axiom Ince Staffer Wins £21K For Unfair Dismissal
A former executive assistant at Axiom Ince is entitled to claim more than £21,000 ($28,060) in compensation, a tribunal has ruled, as it said that the law firm breached his employment contract by firing him without giving him three months' notice.
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October 15, 2025
SoftBank Beats Credit Suisse's $440M Greensill Claim
A London judge ruled Wednesday that SoftBank is not liable to Credit Suisse for $440 million in losses linked to the collapse of Greensill Capital over a restructuring deal, finding that the Japanese bank "did not orchestrate" the transaction.
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October 15, 2025
Capita Fined £14M For Cyber-Failures In Pensions Breach
The data watchdog said on Wednesday that it has fined outsourcing company Capita £14 million ($18.7 million) for failures in holding personal data security during a cyberattack in 2023 in which the information of 6.6 million people was stolen.
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October 14, 2025
Six Pension Plans Settle In $2.1B Danish Tax Fraud Case
Six pension plans have settled claims by Denmark's tax agency accusing them of participating in a $2.1 billion scheme that fraudulently claimed refunds on tax withheld from stock dividends, with a New York federal court dismissing the allegations Tuesday.
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October 14, 2025
EU Fines Fashion Brands €157M For Price Maintenance
The European Commission has fined fashion companies Gucci, Chloé and Loewe a total of €157 million ($182.2 million) for allegedly breaching the bloc's competition rules by restricting the retail prices of their products.
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October 14, 2025
UK Gov't Should Break Its Tax Pledge, Legislators Told
The British Labour government should raise taxes in the coming autumn budget despite its pledge not to increase rates when it won the last general election, tax experts told a parliamentary committee Tuesday.
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October 14, 2025
Email Warning Provides Rare Sight Into SFO Record-Keeping
Revelations that a Serious Fraud Office official instructed investigators to be wary of putting their concerns about a case in email illustrates how attritional fights over disclosure shaped the agency's approach at a time when it was under intense scrutiny over its handling of evidence.
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October 14, 2025
Iraqi Cites Torture Risk In Appeal Over Extradition To Kuwait
An Iraqi national told a London court on Tuesday that he would face torture and inhumane prison conditions if he is extradited to Kuwait over an alleged £243 million ($324 million) fraud.
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October 14, 2025
Ex-Mishcon De Reya Partner Can't Save Whistleblowing Claim
A former partner at Mishcon de Reya LLP has failed to revive his whistleblowing claim, as a London tribunal ruled there was no prospect of overturning its earlier decision that the claim could not be brought under British employment law.
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October 14, 2025
US, UK Freeze Assets Of Alleged Cambodian Cyber-Scammers
The U.K. and the U.S. sanctioned on Tuesday a network of individuals that operates scam centers across southeast Asia by freezing London properties worth more than £112 million ($149 million).
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October 14, 2025
FCA Gets BlueCrest Investors $101M Redress On Conflicts
The Financial Conduct Authority said Tuesday it has secured $101 million in redress for non-U.S. investors in a fund managed by BlueCrest Capital Management (UK) LLP and has given the firm a public censure.
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October 14, 2025
Ford Cars Still Pumping Out Harmful Emissions, Motorists Say
Large numbers of Ford vehicles are still being driven around major U.K. cities, pumping out harmful polluting gases, more than a decade after the Dieselgate scandal emerged, lawyers for motorists suing car manufacturers said at the second day of a trial on Tuesday.
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October 14, 2025
Sharp Rise In 'Nationally Significant' UK Cyberattacks
Britian's cybersecurity agency said Tuesday that it has handled an average of four "nationally significant" cyberattacks every week in the last year, more than double the number in the previous 12 months.
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October 14, 2025
Close Brothers Sets Aside £300M For Car Finance Claims
Close Brothers said Tuesday that it is almost doubling its allocation to address the industry-wide motor finance compensation scheme as the merchant bank joined another lender in criticizing the Financial Conduct Authority's plans for redress.
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October 13, 2025
Energy Data Co. Says Info Supply Cut-Off Was Justified
An energy data supplier owned by a consortium of British power companies has denied unfairly cutting off an energy startup, arguing that it refused to supply data because the startup repeatedly breached its deal by sharing data with third parties.
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October 13, 2025
Hamlins Pro Faces SDT For Contempt Threat Against Reporter
The solicitors' regulator accused a Hamlins LLP partner at a London tribunal on Monday of improperly threatening to bring contempt proceedings against a journalist in a case over alleged corruption.
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October 13, 2025
Car Makers' 'Brexit Island' Defense Panned At Emissions Trial
Carmakers want to live on a "Brexit island," where diesel vehicles in Britain are held to different emissions standards than other countries, lawyers for more than 1.6 million owners of diesel cars said at the start of a trial on Monday.
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.