SFO Aligns With Gov't Growth Plans In Pitch To UK PLC

By Christopher Crosby

Britain's top white-collar prosecutor unveiled on Thursday new details about plans to share data and offer training to companies to prevent economic crime, in a shift to "assist growth" in line with government plans to kindle the sluggish economy.

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Analysis

Lost Russian Jets Ruling Has Global Implications For Insurers

By Joanne Faulkner

A London court ruling that major insurers must compensate aircraft lessors for planes seized by Russia will provide useful support for companies seeking repayments for assets stranded in conflict zones with little probability of their return.

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UK Crime Agency Seizes £1M Home From UK Politician

By Christopher Crosby

The National Crime Agency said Thursday it has recovered a property worth in excess of £1 million ($1.36 million) in connection with a long-running money laundering investigation following an ownership dispute with the former lord mayor of Leeds.

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KPMG Fined £690K In Audit Independence Probe

By Alex Davidson

The accounting watchdog said Thursday it that has fined KPMG £690,625 ($940,000) and its audit engagement partner Nick Plumb £38,000 for breaching independence requirements as auditor of Carr's Group PLC.

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UK Investors Sue Cricket Team Owner Over Claimed Tax Fraud

By Josh White

Three U.K.-based investors in an Indian Premier League cricket team are seeking £10 million ($13.6 million) in damages from the club's owner, claiming in a London court that he duped them over the tax implications of selling their shares in his business.

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Everbright Exec Testifies He Trusted Media Biz's Financial Info

By Sophia Dourou

An executive of the Chinese financial services firm Everbright testified Thursday that a sports media rights business was portrayed as "well performing" before a joint venture acquired a majority stake, only to later discover its financial health was allegedly inflated.

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Ex-JPM Trader Warns Of 'Pressing Need' For DOJ Records

By Jon Hill

A former U.K.-based JPMorgan trader has urged a Washington, D.C., federal judge to rule on his bid for access to investigative records from a U.S. market manipulation case that he beat in 2018, saying continued delays could hurt him in a fast-approaching related proceeding in Brazil.

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Lords Urges Regulators To Shed Risk-Aversion, Boost Growth

By Alex Davidson

A cross-party House of Lords committee called Friday on the U.K.'s financial services watchdogs to change their culture of risk-aversion which is preventing them from promoting growth in the economy.

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Q&A

5 Questions For Howard Kennedy Partner Rebecca Hume

By Alex Davidson

The U.K government is putting crypto-assets at the heart of its growth agenda, relying on the Financial Conduct Authority to shore up regulation of the sector.

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Fraud Office Guidance Highlights Value Of Self-Reporting

New guidance from the U.K.'s Serious Fraud Office on corporate self-reporting, cooperation and deferred prosecution agreements provides a useful framework for companies navigating criminal investigations and their potential resolutions — and underscores that corporations that self-report are in a better position to obtain DPAs than those that do not, say lawyers at Skadden.

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