Try our Advanced Search for more refined results
Corporate Crime & Compliance UK
-
October 29, 2025
UK's AG Blames Old Spy Law For Collapse Of China Case
Prosecutors would have been able to proceed to trial against two men accused of spying for China if Parliament had repealed an "out of date" century-old espionage law sooner, the attorney-general told a parliamentary committee on Wednesday.
-
October 29, 2025
Santander Asks UK To Act Over Motor Compensation Program
Santander UK called on the government on Wednesday to intervene in the Financial Conduct Authority's proposed £11 billion ($14.5 billion) car finance compensation scheme, claiming it could harm consumers and the economy.
-
October 28, 2025
Finance Pros Accused Of Diverting £14M From Libyan Fund
The former head of a U.K. fund manager and a Swiss banker pocketed millions of dollars in improper fees from a Libyan sovereign wealth fund, prosecutors told a London court on the first day of the trial on Tuesday.
-
October 28, 2025
Dubai Trader Says Iran Sanctions Don't Block $16M Payment
A Dubai-based petroleum products trader accused a U.K. broker on Tuesday of wrongly withholding $16.5 million from its cash account due to U.S. sanctions targeting Iran, at the beginning of a London trial.
-
October 28, 2025
Salmon Producers Deny Price-Fixing In Tesco Collusion Claim
Salmon producers have denied Tesco's claim that they secretly shared commercially sensitive information on the sales of the fish farmed in Norway to increase prices in England, arguing that exchanges would have been to legitimately negotiate deals in the unpredictable market.
-
October 28, 2025
CMA Tightens Leniency Rules For Cartel Whistleblowers
The U.K.'s competition regulator has released fresh guidance for its leniency regime, saying on Tuesday that it matters more than ever that those within a cartel come forward about their involvement before an investigation has started.
-
October 28, 2025
Bank Of Africa Fights To Overturn Whistleblower's Win
Bank of Africa sought on Tuesday to overturn a ruling that its former head of human resources was fired for whistleblowing, telling the Employment Appeal Tribunal that a lower court had made findings "it could not have possibly reached."
-
October 28, 2025
FCA Drafts Policy On Emergency Short-Selling Powers
The Financial Conduct Authority released a draft policy on Tuesday on how it would use its "emergency powers" to stop or restrict short selling, in a new regime that will anonymize individual major short sellers.
-
October 27, 2025
Tom Hayes Slaps UBS With $400M Malicious Prosecution Suit
Former UBS trader Tom Hayes has filed a $400 million suit against his old employer, claiming the company "maliciously" framed him as the "evil mastermind" behind the company's Libor scandal despite the fact that he was explicitly directed to try to influence Libor submissions while at UBS.
-
October 27, 2025
Welsh Body Settles HMRC Contractor Tax Probe For £14.6M
An environmental body sponsored by the Welsh government reached a settlement of £14.6 million ($19.5 million) with the U.K. tax authority over its past use of contractors and misclassification of them for tax purposes, according to a statement.
-
October 27, 2025
Law Society Tackles Whistleblowing Gaps With New Guidance
The Law Society said Monday that it has built on its existing resources for in-house solicitors facing ethical challenges in their day-to-day practice by introducing new guidance on whistleblowing.
-
October 27, 2025
Accounting Firm Denies Liability For Investor's £633K Tax Bill
An accountancy firm has denied an investor's accusations that it was negligent in giving tax planning advice that resulted in him being hit with a £633,000 ($844,217) liability assessment, saying he had failed to distinguish between two tax schemes.
-
October 27, 2025
Deutsche Bank Says Conviction Voids Ex-Trader's £12M Claim
Deutsche Bank has denied liability in a £12 million ($16 million) claim from a former trader convicted of tricking market competitors through a "spoofing" scheme, arguing it had no duty to prevent him from suffering loss resulting from committing fraud.
-
October 27, 2025
Director Misused Confidential Info To Market Tax Scheme
A London court has ruled that the director of a tax-efficient investment product company misused confidential information by taking features of an accountant's money-saving tax structure to market in breach of a nondisclosure agreement.
-
October 27, 2025
Axiom Ince Finance Head Wins £16K For Redundancy
A former Axiom Ince executive has won £16,590 ($22,100) in damages and awards from the collapsed firm for his unfair dismissal, according to a newly-public judgment.
-
October 27, 2025
Axiom Ince Manager Loses Case After Tribunal No-Show
A finance manager suing Axiom Ince has lost her claims for unfair dismissal and notice pay after failing to show up at court, as an employment tribunal found that she may have appreciated the limited value of any payout.
-
October 27, 2025
HSBC Sets Aside $1.1B After Madoff Fraud Court Ruling
HSBC Holdings PLC has revealed that it has set aside $1.1 billion in its third-quarter financial results to cover for potential losses following a Luxembourg court ruling in a claim brought by Herald Fund SPC over the Bernard Madoff investment fraud.
-
October 24, 2025
Fraud Cost UK Victims £629M In 1st Half Of 2025, Study Finds
U.K. fraudsters stole £629.3 million ($836.3 million) in the first half of 2025, marking a 3% rise from the same period in 2024, according to a U.K. financial trade body's midyear fraud report, published Friday.
-
October 24, 2025
Director In £6M Investment Scam Told To Pay £321K
A marketing company director who was convicted for his part in a £6 million ($8 million) investment scam was ordered by a court Friday to pay back £321,000 or have three years added to his prison sentence.
-
October 24, 2025
EU Adviser Backs Email Seizures Without Court Approval
A competition authority can seize company emails without judicial approval as part of an investigation, provided that procedural safeguards are in place to ensure that the power is free from "abuse and arbitrariness," an adviser to the European Union's top court has said.
-
October 24, 2025
Property Purchaser Can't Revive Simmons & Simmons Case
A London appeals court denied a prospective property buyer permission on Friday to challenge an earlier finding that there was no case to answer over his allegation that two Simmons & Simmons lawyers had breached money laundering regulations.
-
October 24, 2025
SRA Plans 'Intrusive' Regulation After Axiom, SSB Failures
The solicitors' watchdog has warned the profession that it might take "a far more intrusive" approach to regulation after the Legal Services Board penalized it over the collapses of Axiom Ince and SSB Group.
-
October 24, 2025
SFO Targets 24 Firms In Expanding Timeshare Fraud Probe
The Serious Fraud Office revealed Friday that it has expanded its investigation into a suspected multimillion-pound timeshare services fraud scheme believed to be linked to an organized crime network, and is now probing 24 U.K.-based companies.
-
October 24, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the Financial Conduct Authority launch legal action against a Chinese cryptocurrency exchange, The Londoner magazine face a defamation claim from an entrepreneur accused of "scamming" Knightsbridge landlords, and Gucci sued by its cosmetics supplier as L'Oréal announces plans to buy the Italian fashion house's beauty brand. Here, Law360 looks at these and other new claims in the U.K.
-
October 24, 2025
Teenagers Accused Of TfL Cyberattack Get 2026 Trial Date
Two teenagers accused of being behind a cyberattack that cost London's public transportation authority £39 million ($52 million) and caused serious disruption to the network will stand trial in 2026, a judge said Friday.
Expert Analysis
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Opinion
Prospects For New Fraud Prevention Prosecution Look Slim
With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.
-
What's Next After FCA Drops Troubled 'Name And Shame' Plan
A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.