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Crispin Odey's lifetime ban will give the Financial Conduct Authority another springboard for cracking down on nonfinancial misconduct, sending a warning to firms to run an independent and thorough probe as well as investigate the allegations, lawyers say.
Citibank's fine for violating the U.K. sanctions regime shows that the enforcer will punish companies for serious breaches even if there was no intent to break the rules, underscoring the need for firms to stress-test their screening systems, lawyers say.
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Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Although the Serious Fraud Office's settlement with ENRC closes an uncomfortable chapter that the agency insists cannot recur, lawyers say its real test is whether it can stop the weaknesses exposed by the scandal from returning again.
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Crispin Odey's lifetime ban will give the Financial Conduct Authority another springboard for cracking down on nonfinancial misconduct, sending a warning to firms to run an independent and thorough probe as well as investigate the allegations, lawyers say.
Citibank's fine for violating the U.K. sanctions regime shows that the enforcer will punish companies for serious breaches even if there was no intent to break the rules, underscoring the need for firms to stress-test their screening systems, lawyers say.
Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Although the Serious Fraud Office's settlement with ENRC closes an uncomfortable chapter that the agency insists cannot recur, lawyers say its real test is whether it can stop the weaknesses exposed by the scandal from returning again.
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September 16, 2026
Dubai-based construction conglomerate ASGC argued in a London court Wednesday that a U.K. rival should be ordered to give it broader access to data and documents, warning that it might collapse as it cannot file accounts or tax returns.
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September 16, 2026
Two directors of a failed car leasing group denied at trial on Wednesday that they lied to investors to dupe them into putting £87 million ($117 million) into a car leasing scheme, which prosecutors say was a Ponzi scheme.
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September 16, 2026
The Financial Conduct Authority issued guidance on Wednesday to help crypto-businesses prepare for the authorization needed to operate in the U.K. from October 2027.
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September 16, 2026
The government will look at bolstering the fight against dirty money by potentially extending anti-money laundering regulations to include property developers, football clubs and players' agents, according to its first-ever strategy.
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September 16, 2026
Crispin Odey has made headlines again as a tribunal upheld a ban on the former hedge fund boss. Here, Dechert partner Richard Hodge talks to Law 360 about how the FCA wants to stamp out non-financial misconduct in the sector and how businesses will face pressure to stamp out sexual harassment.
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September 15, 2026
Two directors of a failed car leasing group duped investors in an £87 million ($117 million) car leasing investment scam that was in fact run as a Ponzi scheme, a prosecutor said at the opening of the trial on Tuesday.
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September 15, 2026
A law firm has regained its license to provide immigration advisory services after a tribunal ruled that its poor recordkeeping did not warrant deregistration or prove it acted dishonestly when handling the applications of two asylum seekers.
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September 15, 2026
Britain's financial regulator banned the former owner of a law firm from working in financial services Tuesday after the Solicitors Regulation Authority fined him a record £4 million ($5.4 million) in 2025 for misusing client funds at the now-shuttered firm he ran.
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September 15, 2026
Santander does not have to pay the £677 million ($912 million) that AXA lost when it deals with claims for wrongly sold payment protection insurance, as an appeals court said on Tuesday that an agreement to accept liability was not retrospective.
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September 15, 2026
A sanctioned person cannot move interest earned on a frozen bank account to a separate account, the government has clarified as it tightened the interpretation of rules governing restricted assets.
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September 14, 2026
The U.K. government will recruit 500 new officers to target money laundering and organized crime as part of a £500 million ($674 million) crackdown on criminal finances, the Home Office said Monday.
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September 14, 2026
An employment tribunal has ordered a National Health Service trust to pay two hospital porters £29,560 ($39,866), after finding that a manager interrogated them for blowing the whistle on mortuary policies that made them feel unsafe.
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September 14, 2026
Sony and Universal joined numerous other music companies on Monday in forming a new group aimed at ousting fraudsters who artificially inflate streaming numbers to generate royalty payments.
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September 14, 2026
Visa and Mastercard are facing a new competition claim from a water company and two hotel companies over interchange fees the companies say inflated the cost of accepting commercial payment cards, the latest in a series of U.K. swipe-fees disputes against the payments giants.
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September 14, 2026
The architect of a scam involving water-bottling projects that defrauded investors out of £4 million ($5.4 million) told his victims he wasn't like "unscrupulous rogues" who run off with people's money, a prosecutor told the trial Monday.
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September 14, 2026
Property developers are suing a law firm for allegedly acting for scammers who posed as the owners of a house worth about £1.2 million ($1.6 million) and sold it.
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September 14, 2026
Crispin Odey failed to overturn his ban from working in the financial services industry on Monday as a tribunal upheld misconduct findings that the former hedge fund boss had thwarted an internal probe into allegations of sexual harassment.
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September 11, 2026
An advisory commission issued an opinion saying Danish multinational Ørsted should pay taxes primarily in the U.K. rather than Denmark on two offshore wind farms based in British territory, according to a company statement.
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September 11, 2026
The U.K. accounting regulator said Friday that it is investigating KPMG, PKF Littlejohn and an accountant over audits of State Oil, part of collapsed oil business Prax Group.
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September 11, 2026
The past week in London has seen Pogust Goodhead embroiled in a legal dispute with claimants in the Mariana dam litigation, and be sued by a barrister who represented it during the case, and Mexican broadcaster TV Azteca file commercial fraud claims against Barclays and Metro Bank.
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September 11, 2026
The Premier League lost its bid to unfreeze over £10 million ($13.5 million) in accounts when a London judge ruled Friday that they should remain frozen until January, finding grounds to suspect the money could be criminal proceeds.
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September 11, 2026
The widow and daughter of a Russian tycoon have failed to prevent a representative for his estate from pursuing Ukrainian matrimonial asset arguments in the English court, the latest development in their long-running $3 billion inheritance dispute.
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September 11, 2026
A former Goodwin Procter lawyer pleaded not guilty to insider trading at a London court on Friday over allegations that he traded securities while working on a deal to take a British maternity-wear company private.
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September 11, 2026
Nine Lloyd's insurers lost the first round of their bid to avoid covering the criminal defense costs of two former Petrofac executives when a London judge rejected their arguments on Friday, ahead of their bribery trial in October.
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September 11, 2026
Five men fleeced investors out of £4 million ($5.4 million) in an "elaborate" scam involving water bottling projects that failed to produce a single drop of liquid, prosecutors said at the start of a trial on Friday.