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Corporate Crime & Compliance UK

'A Recipe For Disaster': How SFO's London Mining Case Sank

The decision by the Serious Fraud Office to abandon its long-running prosecution of former executives at London Mining has led to renewed scrutiny of its handling of online disclosure of evidence and its broader approach to investigations and technology.

FCA Tests Global Reach In HTX Crypto-Exchange Litigation

The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.

Online documents float above a keyboard as a person types in a business technology illustration.

AI Tools Won't Mask Disclosure Failures, Lawyers Warn

New intelligence tools will save prosecutors valuable time and money in white-collar criminal cases, but the technology will also usher in an era of increasingly complex and technical fights over disclosure, lawyers say.

FCA May Be Forced To Set Lower Fines After Appeal Setbacks

The Financial Conduct Authority might be forced to rethink how it justifies the size of its fines after being forced to cut penalties after referral to the Upper Tribunal, raising questions about its ability to make enforcement decisions stick, legal experts caution.

March 02, 2026
HMRC Bags Extra £16B From Big Businesses, Audit Says

HM Revenue & Customs collected almost £16 billion ($21.3 billion) in extra tax revenue from the biggest businesses in fiscal year 2024-25 after it took a stricter approach to compliance, the National Audit Office found.
March 02, 2026
Dyson Settles Claims Over Labor Violations

A group of workers suing Dyson over alleged forced labor when they made components at Malaysian factories have settled their claim against the electronics manufacturer, their lawyers said Monday.
March 02, 2026
Guernsey Plans To Name Biz Owners To Curb Financial Crime

The government of Guernsey has floated a plan to open access to ownership data for companies and other legal entities registered on the island, in a bid to combat financial crime.
March 02, 2026
UK's Fair Work Agency Appoints CEO Ahead Of April Launch

The government said Monday it has appointed the head of a mining remediation body as chief executive of the Fair Work Agency, the country's new labor rights watchdog set to open in April.
March 02, 2026
Motorists Say Carmakers Should Be Liable For Emissions

Carmakers in Britain have breached the law through the use of technology designed to cheat emissions tests similar to the one that sparked the Volkswagen Dieselgate scandal, lawyers for a group of motorists told the closing submissions of the trial Monday.
March 02, 2026
Yukos Shareholders Win $66B Judgment Against Russia

Investors in Yukos Oil won their battle with the Russian government on Monday as the High Court ruled that the federation's attempts to quash a £66 billion ($88 billion) judgment in the investors' favor had already been tossed out by lower courts.
March 02, 2026
Customs, VAT Fraud Costing €45B, EU Prosecutors Say

Cross-border customs and value-added tax fraud are reshaping the criminal landscape in the European Union, with such schemes generating an estimated €45 billion ($52.7 billion) in damage, according to a report published Monday by an independent prosecuting body.
March 02, 2026
Shein Fights To Withhold List Of Top Suppliers In Temu Battle

Shein asked a London appeals court on Monday to give it a chance to overturn an order compelling it to hand over a list of its top suppliers to Temu in a battle over photo copyright and alleged anticompetitive conduct.
March 02, 2026
SFO Denied Final Chance To Cut $128M From ENRC Damages

The Serious Fraud Office cannot slash its potential payout to Eurasian Natural Resources Corp. by $128 million over its unsuccessful criminal investigation after Britain's highest court refused to weigh in on the case, the parties confirmed on Monday.
March 02, 2026
CMA Probes Hilton, IHG, Marriot Over Potential Data-Sharing

The antitrust watchdog said Monday that it has opened a formal investigation into whether three major hotel groups and a data provider illegally shared commercial information that could weaken competition.
February 27, 2026
Four Charged Over Fraudulent COVID Vaccine Records Sale

The National Crime Agency revealed Friday that four people have been charged over their alleged role in the creation and sale of fraudulent COVID-19 vaccination records during the pandemic.
February 27, 2026
UK Litigation Roundup: Here's What You Missed In London

This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.
February 27, 2026
Airlines Lose ECJ Challenge To €520M Air Cargo Cartel Fines

A group of airlines, including British Airways and Cathay Pacific, have largely lost their legal challenge to almost €520 million ($614 million) in fines over their long-running cartel to coordinate fuel and security surcharges on air cargo services.
February 27, 2026
5 Questions For Kennedys' Ash Daniells On FOS Reforms

The government is reforming the Financial Ombudsman Service, which settles claims between consumers and regulated financial businesses. The reforms come after years of complaints that the ombudsman is not working efficiently, but the proposals have attracted wide criticism.
February 27, 2026
Top Barclays Exec Named As Head Of UK Banking Watchdog

The Bank of England said Friday that senior Barclays executive and former Treasury official Katharine Braddick has been appointed as the next head of the U.K.'s main banking watchdog.
February 27, 2026
Ex-Judge Can't Fight Fraud Conviction Over Legal Costs

An English appellate court on Friday barred a former part-time judge and barrister from making a fresh challenge against his conviction for fraudulently submitting cost claims, ruling that new evidence in support of his case wasn't credible.
February 26, 2026
Biz Owner Gets £2M Tax Evasion Penalty Tossed As Unfair

A company owner isn't liable for a nearly £2 million ($2.7 million) civil tax evasion penalty because HM Revenue & Customs didn't raise its claims of dishonesty by the owner in a prior proceeding it relied on later, a London court said Thursday.
February 26, 2026
Ex-Exec. In $2B Denmark Tax Scheme Hid Assets, Court Told

A Florida man involved in a $2 billion Danish tax refund scheme fraudulently transferred millions of dollars to a U.S. company to prevent the Danish government from seizing those assets, Denmark's tax agency told a New Jersey federal court.
February 26, 2026
Russian Insurance Giant Loses Bid To Overturn EU Sanctions

A European Union court has rejected AlfaStrakhovanie AO's bid to be removed from the bloc's sanction list, ruling that the insurer provided "material" support to the Russian government in its war efforts in Ukraine.
February 26, 2026
Broker Denies Tricking Investors Over ESMA Risk Before IPO

Broker Plus500 Ltd. has denied in litigation with a group of institutional investors that it withheld information before going public, saying it was clear that impending European rules designed to protect retail investors could hurt the online trading platform's business.
February 26, 2026
SFO Insider Tapped To Lead Agency As Ephgrave Exits

The attorney general tapped on Thursday a senior official at the Serious Fraud Office to run the white-collar agency as it searches for a permanent replacement for Nick Ephgrave after his decision to retire halfway through his tenure.
February 26, 2026
Metals Magnate Denied Appeal In $500M Trafigura Fraud Case

Prateek Gupta can't challenge a finding that he carried out a $500 million scam against Trafigura through sham nickel trades, after a judge rejected his argument on Thursday that the commodities trader was aware of the fraud.
February 26, 2026
New Courts Bill To Hit Fraud, Bribery, AML Offenses

Historic legislation that curtails the right to jury trials means cases of complex fraud and financial crime will be heard by a judge alone to ease pressure on the criminal justice system and reduce the length of particularly technical trials.
February 25, 2026
EU, UK To Share Info On 'Significant' Antitrust Probes

British and European Union officials signed a new agreement Wednesday promising to notify each other of major merger and antitrust probes and coordinate their efforts "when necessary," in what they called the first dedicated competition cooperation agreement following the United Kingdom's withdrawal from the EU.
February 25, 2026
Two Arrested In £6M Waste Packaging Fraud Investigation

The Environment Agency revealed Wednesday that two people have been arrested as part of an investigation into suspected money laundering and the fraudulent sale of more than £6 million ($8.1 million) in waste packaging scheme credits.

Editor's Picks

New 'British FBI' Plan Missing Vital Detail, Lawyers Say

Plans by the government to merge several fraud enforcement agencies give little detail about how the largest policing overhaul in 200 years will operate in practice, although lawyers say the Serious Fraud Office appears to be safe — for now.
Slapped Down: SRA At Crossroads After SLAPP Setbacks

The string of failed prosecutions brought by the Solicitors Regulation Authority against City lawyers accused of trying to silence journalists on behalf of clients has raised questions about its enforcement strategy, with critics accusing the watchdog of overreaching its rules.
Meet The Lawyers Tapped To Defend In Entain Bribery Case

Eleven gambling managers and employees, including former top executives at Ladbrokes and Coral owner Entain PLC, have enlisted veteran defense counsel and some of the country's most experienced trial solicitors and barristers to defend themselves against the Crown Prosecution Service's bribery and fraud charges.

Expert Analysis

UK Territories May Yet Prevail On Ownership Disclosure

Despite its recently launched anti-corruption strategy, the U.K. government appears to have little appetite in the short term to impose fully public ownership registers on the overseas territories, a position that will be welcomed by advisers and individuals, says Rupert Cullen at Allectus Law
New Foreign Bribery Guide Can Help Int'l Cos. Identify Risks

In light of growing global coordination on anti-bribery enforcement, the International Foreign Bribery Taskforce’s recent guide to foreign bribery indicators represents a step forward in the standardization of factors for evaluating corruption risks that multinational companies should consider, say lawyers at Paul Weiss.
FCA Enforcement Newsletter Reflects Shift Toward Openness

The Financial Conduct Authority’s inaugural Enforcement Watch newsletter provides clarity on the cases the regulator is opening and highlights its approach to early communication of enforcement activity, offering a welcome insight into its emerging priorities, says David Hamilton at Howard Kennedy.
How UK Gov't Proposes To Streamline CMA Regime

The Department for Business and Trade’s planned overhaul of the Competition Market Authority’s regime will introduce a series of targeted procedural changes aimed at improving efficiency and engagement, raising questions around procedural safeguards and jurisdictional thresholds, say lawyers at Baker Botts.
Decoding Arbitral Disputes: US Cert Denial And EU Strategy

The U.S. Supreme Court recently denied certiorari in Russia v. Hulley Enterprises, leaving in place the D.C. Circuit's opinion supporting jurisdiction in the $50 billion arbitration award challenge, and intensifying litigation exposure for the European Union's strategy of contesting the enforceability of intra-EU awards abroad, says Josep Galvez at 4-5 Gray's Inn.
Examining EU Data Watchdog's E-Commerce Account Guide

Lawyers at Gibson Dunn take a look at the European Data Protection Board’s recently adopted recommendations regarding the mandatory creation of user accounts on e-commerce websites, and address the regulator's assessment of when they may be justified under the General Data Protection Regulation.
EU AI Act Conformity Key For Cos. Despite Enforcement Delay

The European Data Protection Board-European Data Protection Supervisor’s recent joint opinion, posted in response to the European Commission’s proposal to delay EU Artificial Intelligence Act implementation, captures some of the core worries raised that postponement may affect fundamental rights protections and further undermine legal certainty, say lawyers at ZwillGen.
EU Foreign Subsidies Guide Brings Clarity And Questions

The European Commission’s long-awaited EU Foreign Subsidies Regulation guidelines provide helpful clarifications for companies, but with many areas remaining broadly framed, uncertainty may continue to deter investments and increase the compliance burden on organizations, say lawyers at Hogan Lovells.
FRC Audit Proposals Reaffirm Support For Economic Growth

The Financial Report Council’s recent proposals to prioritize audit enforcement, supervision and market reform will reward audit firms that self-police and proactively admit auditing standard breaches, signaling its aims to change the market landscape and encourage investment, say lawyers at RPC.
How FCA's Client Reforms May Boost Investment Access

The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.
Irish Consumer Law Proposals Expose Concerns Over Privacy

The Irish government’s recent proposals to amend and clarify competition and consumer law would allow new investigative powers and greater financial sanctions, leading to concerns from businesses whether the benefits outweigh the privacy risks, says Kate McKenna at Matheson.
Where PCAOB Goes Next After A Year Of Uncertainty

The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.
Nigeria Ruling Offers Road Map For Onerous Costs Requests

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

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

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.