Crypto privacy tools are making it harder for U.K. authorities to combat money launderers and sanctions evaders, say lawyers who warn it bodes ill for the Financial Conduct Authority's new crypto regime.
Proposals by the Financial Conduct Authority to replace its senior managers regime approval process for some roles with company-led notifications of appointments to the regulator could create openings for bad apples, lawyers have warned.
The Financial Conduct Authority's proposed rewrite of mortgage rules within its consumer duty regime, designed to protect households from taking risky financial action, could lead home buyers to make poor decisions and expose them to misselling traps, according to legal experts.
Financial services companies face closer scrutiny of weaknesses in their artificial intelligence governance and controls, with enforcement risk rising where significant consumer harm arises, lawyers have warned.
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Crypto privacy tools are making it harder for U.K. authorities to combat money launderers and sanctions evaders, say lawyers who warn it bodes ill for the Financial Conduct Authority's new crypto regime.
Proposals by the Financial Conduct Authority to replace its senior managers regime approval process for some roles with company-led notifications of appointments to the regulator could create openings for bad apples, lawyers have warned.
The Financial Conduct Authority's proposed rewrite of mortgage rules within its consumer duty regime, designed to protect households from taking risky financial action, could lead home buyers to make poor decisions and expose them to misselling traps, according to legal experts.
Financial services companies face closer scrutiny of weaknesses in their artificial intelligence governance and controls, with enforcement risk rising where significant consumer harm arises, lawyers have warned.
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October 30, 2026
HM Revenue & Customs set out new penalties for promoters of certain tax avoidance schemes in guidance published Friday.
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October 30, 2026
A London appeals court has set aside a bankruptcy order against a former Russian company executive, ruling that a lower judge wrongly rejected his challenge to the judgments underpinning the petition amid allegations of judicial bias.
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October 30, 2026
Russia's VTB Bank on Friday lost its challenge against changes to a U.K. sanctions license affecting its claim for more than £205 million ($275 million) in the administration of its British subsidiary, although an appeals court left open how much the lender may ultimately recover.
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October 30, 2026
The past week in London has seen British-Georgian business executive George Howard Richmond file a claim against high-profile individuals including former Georgian President Mikheil Saakashvili and the Mittal family, a DP World subsidiary file the latest claim in ongoing litigation with the Republic of Djibouti, and the U.S. government bring a claim against the owners of cargo ship M.S. Solong.
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October 30, 2026
Cryptocurrency giant Binance said Friday that $6.3 billion in digital assets had been stolen in a suspected hack that could be the largest on record.
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October 30, 2026
Spanish airline Volotea has been granted protection from creditors' actions within England and Wales while it negotiates a restructuring plan to avoid insolvency.
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October 30, 2026
The European Banking Authority has recommended that the bloc's policymakers scrap two sustainability reporting indicators for lenders, arguing that they offer limited useful information while creating significant "operational challenges."
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October 29, 2026
A Frasers Group unit lost its bid to overturn assessments that it owed value-added tax of £5.6 million ($7.4 million) when a London court ruled that the company's marketing photos were linked to taxable retail sales and consumer credit.
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October 29, 2026
The European Union's pensions and insurance watchdog on Thursday said persistent geopolitical tensions remain the key source of financial risk for retirement savings schemes across the bloc.
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October 29, 2026
The Bank of England proposed guidance on Thursday on how clearing houses can accept digital tokens representing assets, such as cash or government bonds, as security against potential losses.
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October 29, 2026
Two directors of an investment firm have denied running a £55 million ($75 million) invoice fraud, telling a London court that the claim against them is based on missing documents and flawed calculations.
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October 29, 2026
The Financial Conduct Authority said Thursday that cryptocurrency exchange HTX has agreed to exit the U.K. market following a landmark High Court claim over its allegedly unlawful marketing of crypto assets to consumers in Britain.
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October 29, 2026
The parliamentary Treasury Committee asked HM Treasury and the Financial Conduct Authority on Thursday to investigate whether confidential details of the government's planned bank tax increase were improperly disclosed before the Budget speech on Wednesday.
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October 29, 2026
The Financial Reporting Council said on Thursday that it has finalized rules to strengthen the assessments by auditors of whether the companies they assess are complying with laws and regulations, including those governing fraud, bribery, and money laundering.
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October 28, 2026
Growth in artificial intelligence combined with the easing of mortgage rules by the Financial Conduct Authority will accelerate fraud risks for lenders and put senior manager accountability to new tests, lawyers have warned.
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October 28, 2026
The Treasury set out in the budget Wednesday a plan to bolster its framework for financial transactions with a new facility through which it may lend to U.K. local governments for investing in the financial sector.
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October 28, 2026
The government will introduce a new first-time buyer Individual Savings Account from April 2029, offering savers a 25% government bonus toward their first home purchase, replacing the Lifetime ISA for new savers under Budget measures disclosed Wednesday.
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October 28, 2026
The U.K.'s Labour government will temporarily raise the bank surcharge to 6% to help generate more revenue to cover its expanded spending plans, Chancellor John Healey said in his autumn Budget on Wednesday.
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October 28, 2026
Digital asset business Haycen has denied two former associates' claims they were promised co-founder-level stakes in its digital currency arm, arguing that they worked mainly as advisers and consultants and have "grossly overstated" their contributions.
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October 27, 2026
Sir Robert McAlpine has been awarded a £133 million ($177 million) contract to refurbish the Bank of England's City of London headquarters.
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October 27, 2026
A potential group claim against St. James's Place PLC, the U.K.'s largest wealth manager, has secured funding from a specialist litigation funder, law firm Robertson Pugh Associates said Tuesday.
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October 27, 2026
The administrators of class action services provider Goal Group have sued BDO for $30 million, alleging the auditor negligently failed to detect that the company was counting proceeds from clients' claims as revenue, ultimately causing its collapse.
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October 27, 2026
The U.K.'s Labour government is set to announce its fiscal agenda in its autumn budget Wednesday, and many experts predict higher taxes on banks and a crackdown on tax dodgers. Here, Law360 highlights three areas to watch for tax changes in the budget.
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October 27, 2026
Britain's accounting regulator said Tuesday it has fined accountancy firm HW Fisher £140,000 ($187,000) for "serious and numerous" failures in auditing a commodities trader that formed part of Sanjeev Gupta's industrial group.
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October 27, 2026
A renewable energy investment fund has denied energy company Enviromena's claim for £2.8 million ($3.7 million) in grid connection costs, arguing that Enviromena wrongly opted for a more expensive connection route to ensure the solar project was completed quicker.