Corporate Crime & Compliance UK

  • May 28, 2026

    HMRC Got £6.3B In Small-Biz, Individual Probes, Data Shows

    Britain's tax authority recovered £6.3 billion ($8.4 billion) in extra tax from investigations into small businesses and individuals in 2025, up by around £1 billion in a year, according to data released by an accounting services company.

  • May 28, 2026

    FCA Flags Weak Sanctions Controls At Financial Firms

    The Financial Conduct Authority warned regulated financial businesses Thursday they must do more to prevent financial and trade sanctions breaches after it found some weak systems and controls in a review.

  • May 28, 2026

    MFS Boss Can Sell £1.6M Cars Amid £1.3B Fraud Case

    The owner of a now-collapsed mortgage lender accused of systematically plundering £1.3 billion ($1.75 billion) has been granted permission to sell cars including a Ferrari and several Rolls-Royces, according to a court order.

  • May 28, 2026

    Temu Fined €200M By EU For Weak Illegal Goods Checks

    The European Commission hit online retailer Temu with a €200 million ($232.5 million) fine on Thursday after it failed to prevent the sale of illegal and dangerous products on its platform.

  • May 28, 2026

    KC Accused Of Dodging £2M Tax Bill Believed Plan Was Legal

    A senior tax barrister accused of cheating HM Revenue and Customs out of nearly £2 million ($2.7 million) genuinely believed he was using a legal tax strategy, his defense counsel told jurors at his criminal trial in London on Thursday. 

  • May 28, 2026

    BDO Fined £1.3M Over 'Significant' Breaches In NMCN Audit

    The audit watchdog said Thursday that it has fined BDO LLP £1.33 million ($1.78 million) and an audit partner almost £50,000 for serious breaches of rules in their audit of the 2019 annual financial statements of construction group NMCN.

  • May 27, 2026

    Italy Arrests Suspected Leaders Of €78M VAT Fraud

    Italian authorities arrested the suspected leaders of a criminal organization that defrauded European Union governments of more than €78 million ($90.7 million) in value-added taxes on hygiene and household products, the European Public Prosecutor's Office said Wednesday.

  • May 27, 2026

    Abraaj Units Sued For Commercial Fraud By Former Lender

    Mashreq, a former major lender to the collapsed private equity giant Abraaj Group, has sued three Abraaj entities after a London court upheld the bank's claim to a disputed $37 million debt assigned as security for a 2017 loan extension.

  • May 27, 2026

    FCA Monitoring Product Promotions For Misleading Pitches

    The Financial Conduct Authority warned Wednesday that some companies are failing in their responsibilities by approving adverts that are released by non-FCA regulated businesses.

  • May 27, 2026

    East London Borough Named Top UK Insurance Scam Hotspot

    The Insurance Fraud Bureau said on Wednesday that the east London borough of Barking and Dagenham has the highest level of fraudulent motor insurance claims in England, amid a continued year-on-year rise in scams in the U.K.

  • May 27, 2026

    AML Failures Shouldn't Bar Senior Managers, EU Banks Warn

    The Association for Financial Markets in Europe has warned that rules proposed by the EU's banking watchdog must not lead to national regulators finding senior managers unsuitable because of anti-money laundering failings at the company level.

  • May 27, 2026

    Ex-CPS Prosecutor Struck Off After Child Cruelty Conviction

    A disciplinary tribunal struck off a former Crown Prosecution Service prosecutor on Wednesday after finding his convictions for child cruelty and assault had undermined the public's trust and confidence in the solicitors' profession.

  • May 26, 2026

    Revolut Hits Back At Marketer's Fraud Payments Claim

    Revolut has hit back at a tech marketing company's claim against it over transactions made by someone impersonating the online finance company's fraud team, saying that the company had negligently failed to keep its account secure.

  • May 26, 2026

    EU Backs UK Fraud Pact To Boost Data Sharing, Safeguards

    The Home Office said Tuesday that the European Union has joined a U.K.-led international pact to tackle fraud, promising closer co-operation between governments, banks, telecom companies and technology giants to disrupt online scams.

  • May 26, 2026

    Exchange Body Sets Rules For Cos. To Classify As Green

    A global exchange association set out rules on Tuesday for how stock exchanges should classify listed companies in the transition toward a green economy.

  • May 26, 2026

    UK Hits Russian Crypto Networks With New Sanctions

    The government announced a new round of sanctions on Tuesday, aimed at stopping Russia from using cryptocurrency networks and foreign financial systems to evade financial and trade restrictions imposed as a result of the Ukraine war.

  • May 26, 2026

    EU Prosecutors Indict 3 Over €2.5M Grant Fraud

    European Union prosecutors said Tuesday they have indicted a company and three individuals for subsidy fraud and document forgery over an allegedly bogus request for a €2.5 million ($2.9 million) post-earthquake reconstruction grant.

  • May 26, 2026

    Lessor Sues For $28M Jet After Betting Probe Delays Payment

    A Turkish aircraft lessor has sued a property finance company after it allegedly refused to hand over a $27.7 million private jet, this after the arrest of the lessor's former chairman over a football gambling probe delayed payment for the plane.

  • May 26, 2026

    BP Removes Chair Over Standards, Conduct Concerns

    Oil giant BP said Tuesday that it has removed its chair over "serious concerns" about "important governance standards, oversight and conduct."

  • May 26, 2026

    BoE Stress-Tests London Market Insurers On Cyber, Climate

    The regulatory arm of the Bank of England is stress-testing the insurance sector to assess how well it would respond to the fallout from a massive cyberattack in conjunction with a string of natural catastrophes, a trade body said on Tuesday.

  • May 23, 2026

    SFO Agents Accused Of Using Bribes In London Mining Probe

    An expert working for the Serious Fraud Office paid bribes to public officials in Sierra Leone to secure evidence for the agency's London Mining prosecution, three defendants cleared of charges have alleged.

  • May 22, 2026

    Ship Owners Right To Nix Oil Trip Over Sanctions Risk

    The owners of a vessel were entitled to refuse to load a cargo by an oil company allegedly part-owned by an oligarch with links to Belarus after an appeals court held Friday they reasonably feared they would breach sanctions.

  • May 22, 2026

    PrivatBank Beats Ex-Owners' Bid To Appeal $3B Fraud Ruling

    The former owners of PrivatBank failed on Friday to overturn a finding that they owe the Ukrainian lender $3 billion, as an appeals court rejected their argument that its acceptance of a later repayment "extinguished" the loss resulting from their fraudulent loan recycling scheme.

  • May 22, 2026

    MFS Litigation Grows With Latest Claim Against Founder

    Administrators of a company linked to Market Financial Solutions have sued Paresh Raja, the collapsed lender's owner, in a London court for alleged breach of fiduciary duty — the latest in growing litigation surrounding the mortgage scandal.

  • May 22, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Napster sued by a music royalties company, White & Case LLP and Laytons LLP targeted in a claim by a property developer, a short-term lender pursue legal action against law firm Rainer Hughes and its former founding partner following his strike-off for money laundering offenses, and the administrators of London Bridging sue the founder of collapsed Market Financial Solutions. Here, Law360 looks at these and other new claims in the U.K.

Expert Analysis

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

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    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

  • Reflecting On The UK Senior Managers Regime 10 Years On

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    While the ongoing changes to the senior managers and certification regime to streamline processes and remove certain restrictions are welcome, the scheme has worked well overall since its 2016 inauguration, and firms’ compliance and risk management-thinking have shown a marked improvement, say lawyers at Faegre Drinker.

  • How Revised EU Rules Would Alter Sustainability Reporting

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    Two draft delegated regulations recently published by the European Commission give effect to the Omnibus I simplification, highlighting a consistent policy direction: fewer companies in scope, later and lighter obligations, and explicit protections for smaller value chain counterparties, say lawyers at MoFo.

  • How UK Security Act Plans Will Affect Foreign Investors

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    The U.K. government's recently proposed changes to the scope of National Security and Investment Act transaction screening for foreign investment in sectors including communications, data infrastructure and energy should create a more proportionate, predictable and targeted regime, say lawyers at Skadden.

  • How Anthropic's Mythos May Upend Defense Cyber Rules

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    Anthropic’s recent announcement that Claude Mythos, an AI general-purpose language model, could soon enable virtually anyone to exploit vulnerabilities in major web browsers and operating systems marks an imminent increase in threat levels that current defense cybersecurity regulations were not designed to navigate, say attorneys at Fluet.

  • How New Act Expands UK Managers' Corporate Crime Liability

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    The recent enforcement of the Crime and Policing Act is a watershed moment for U.K. corporate criminal liability, facilitating the prosecution of organizations for the actions of their senior managers by extending liability beyond the individual with the directing mind and will to those who play a significant role in a business’s decision‑making, say lawyers at WilmerHale.

  • CMA's Actions Signal New Spotlight On UK Consumer Law

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    The Competition and Markets Authority’s recent hidden fee fine against the AA — its first infringement decision using its new direct enforcement powers — as well as its investigations into fake online reviews and scrutiny of subscription contracts, demonstrate the regulator's new focus on tackling the most egregious breaches of U.K. consumer law, say lawyers at Wilson Sonsini.

  • What Dutch AI Decision-Making Guidance Means For Cos.

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    The Dutch Data Protection Authority’s recent draft guidelines on customers' rights to an explanation in automated decision-making processes under the General Data Protection Regulation raise important operational and governance considerations for companies, say lawyers at Hogan Lovells.

  • Understanding The Legal Risks Of Fragile Supply Chains

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    To ensure supply chain resilience in times of crisis — such as the recent blockage of the strategically vital Strait of Hormuz — it is important for everyone involved in the chain to understand the distribution arrangements and laws applicable across jurisdictions, say lawyers at Brown Rudnick.

  • How New E-Evidence Rules Will Affect EU-US Data Transfers

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    The forthcoming European Union e-evidence regulation signals the need to preserve digital evidence that is stored outside the issuing jurisdiction, bringing the EU significantly closer to the model employed by the U.S. and reflecting a shift in the legal landscape for cross-border data transfers, say lawyers at MoFo.

  • Compliance Landscape Shifts As CMA Targets Fake Reviews

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    The Competition and Markets Authority’s investigations into five companies’ alleged misleading online reviews are the first use of its administrative powers under the Digital Markets, Competition and Consumers Act, marking a turning point in U.K. consumer protection enforcement, say lawyers at Fieldfisher.

  • SFO Plan Focuses On Resilience But Funding Doubts Persist

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    The Serious Fraud Office’s emphasis on tighter case management and making greater use of technology in its latest business plan suggests a concern with strengthening complex financial crime enforcement, however the agency may not have the resources to deliver meaningful change, say lawyers at Signature Litigation.

  • EU Defense Road Map Opens Doors To New Market Entrants

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    The European Economic and Social Committee's and European Investment Bank Group’s recent endorsements of the European Commission’s EU defense industry transformation road map signal positivity for ongoing implementation, making public procurement more accessible to innovative newcomers and creating fresh opportunities to participate in security-relevant innovation projects, say lawyers at Dechert.

  • Sanctions Spotlight: Key Priorities Of OFSI's 3-Year Strategy

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    The Office of Trade Sanctions Implementation's 2026-2029 strategy to assist businesses by providing practical compliance advice and more predictable support will be welcomed, although the process for obtaining guidance and whether the ensuing information will be made publicly available remains unclear, says Alexandra Melia at Steptoe.

  • EU Risks Falling Behind With Delay In Digitization Rule Fixes

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    With financial organizations calling for the European Union to fast-track modifications to the Distributed Ledger Technology Pilot Regime and the EU signaling that tokenization is a permanent feature of the financial landscape, the sector needs to prepare for the now inevitable shift, says Antonio Lanotte at Futura Law.

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