Corporate Crime & Compliance UK

  • July 31, 2026

    Temu Denies Getting Unfair Subsidies, Obstructing EU Probe

    Chinese-owned online retailer Temu is denying allegations from European enforcers that it refused to provide information requested during a foreign subsidies investigation and also denied receiving any unfair subsidies.

  • July 31, 2026

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

    The past week in London has seen George Michael's estate bring an intellectual property claim against the late star's friend over footage shared online, collapsed law firm Axiom Ince sue the U.K. branch of State Bank of India and Ryanair face a group claim from 262 people. Here, Law360 looks at these and other new claims in the U.K.

  • July 31, 2026

    Gupta Loses Bid To Toss $7M Fraud Claim Out Of UK

    A U.K. commodities trader kept its nearly $7 million fraud claim against Indian metals tycoon Prateek Gupta in English courts Friday, after a London appellate court dismissed his arguments the dispute should take place in another jurisdiction.

  • July 31, 2026

    Hull Funeral Director Gets 20 Years Over Burials Fraud, Theft

    A former funeral director was sentenced to 20 years' imprisonment on Friday after admitting 67 offenses spanning more than a decade, including preventing bodies from being lawfully buried, stealing mourners' charity donations and fraudulently handing bereaved families the wrong ashes.

  • July 31, 2026

    EU Watchdog Flags Frontier AI Risk For Insurers, Pensions

    The European Union's insurance watchdog has warned that the potential impact from digitalization and cyber exposures for occupational pension providers and insurers has become bigger, reflecting cutting-edge artificial intelligence.

  • July 31, 2026

    FCA Sets Final Rules To Improve Share Data Transparency

    The Financial Conduct Authority released final rules Friday for a consolidated tape on U.K. shares in a package of reforms that includes changes to market structure and a new temporary market reporting tool.

  • July 31, 2026

    Gov't Launches Police Accountability And Standards Review

    The government has launched an independent review of England and Wales' police accountability systems, tasking two senior figures with recommending reforms to speed up misconduct investigations, improve public confidence and better support police officers.

  • July 31, 2026

    Court Cuts Damages Bill For Fraudulent Insurance Brokers

    Two former insurance bosses who misappropriated client funds in the run-up to a company sale saw the fraud damages awarded against them reduced by the Court of Appeal on Friday. 

  • July 31, 2026

    Woman Accused Of Illegal Forex Promotion To Face 2028 Trial

    A woman charged with illegally promoting foreign exchange deals on social media will stand trial in 2028, the Financial Conduct Authority has said.

  • July 31, 2026

    Man Arrested In £10M NHS PPE Corruption Probe

    Police in London have arrested a man on suspicion of fraud, bribery and money laundering over allegations that a former NHS employee steered a £10.3 million ($13.9 million) personal protective equipment contract to an associate by bypassing procurement rules.

  • July 30, 2026

    Online Payment Biz Wins Back $12M Funds Held In Reserve

    Online payment company QuidPay on Thursday won its bid to get back funds worth more than $12 million held by a fintech platform, with a London judge finding the platform could not hold the funds as a reserve after contracts were terminated.

  • July 30, 2026

    Airbus Pays HMRC £6.4M Over Export Control Breaches

    Aerospace giant Airbus reached an agreement with the U.K. tax authority to pay £6.4 million ($8.6 million) to settle claims that the company breached export control rules, the agency announced Thursday.

  • July 30, 2026

    ICBC Bank Settles Hacking Imposter Claim

    ICBC Standard Bank has settled a hacking claim with a client company that alleged the lender transferred €795,000 ($912,000) from the client's account on the instructions of an imposter impersonating the company's director.

  • July 30, 2026

    Traders' Rate-Rigging Conviction Appeals Set For October

    Six former traders at Barclays and Deutsche Bank convicted of rigging benchmark interest rates will challenge their convictions in October after a 2025 U.K. Supreme Court ruling prompted a review of their cases, the Court of Appeal said Thursday.

  • July 30, 2026

    Safa Wife Bids To Slip Net Tying Her To $2B Tuna Bonds Case

    The widow of shipbuilding magnate Iskandar Safa urged an appeals court Thursday to overturn a ruling allowing Mozambique to add her to its bribery case after the country secured a $1.9 billion damages award, arguing that any claim against her belongs in Lebanon.

  • July 30, 2026

    ICO Raids Companies That Sent Nuisance Car Finance Texts

    The Information Commissioner's Office said Thursday that it has searched multiple properties across the U.K. and seized electronic items after consumers filed millions of complaints about car finance adverts.

  • July 30, 2026

    FCA Censures Securities Co. For Misleading Minibond Ads

    The Financial Conduct Authority said Thursday that it has censured a corporate finance business for approving misleading financial promotions used to sell minibonds, a risky type of investment.

  • July 30, 2026

    KPMG Probed By FRC Over Audit Of John Wood Group

    The accounting regulator said Thursday that it is investigating KPMG and two accountants over an audit of engineering firm John Wood Group PLC, which was fined £13 million ($17.4 million) this year for making misleading financial statements.

  • July 29, 2026

    Shady Power Deal Used In Goldman Compliance Prep, Jury Told

    A Goldman Sachs banker told a New York federal jury how Goldman bailed on backing what prosecutors say was a corrupt deal for a Turkish energy company to bribe Ghanaian officials for a power plant contract, a scenario Goldman uses in compliance training as an example of what to avoid.

  • July 29, 2026

    Fake High-Tech Trader Who Raised $3.7M, Fled, Gets 51 Mos.

    A Manhattan federal judge sentenced an electrical engineer-turned-trader to 51 months in prison Wednesday for stealing from investors who backed a bogus, high-tech profit model he pitched before fleeing to Europe.

  • July 29, 2026

    Daily Mail Wants £10M Up Front For Prince Harry Privacy Case

    The publisher of the Daily Mail demanded Wednesday that Prince Harry and other public figures immediately pay almost £10 million ($13.3 million) toward its legal costs incurred fighting their unsuccessful privacy claims, saying they conducted the litigation unreasonably. 

  • July 29, 2026

    Billionaire Sheikh Can't Duck Service Of €83M Debt Claim

    A Saudi sheikh who owes liquidators €83 million ($95 million) failed on Wednesday to frustrate possession proceedings against his home on Britain's most expensive street, as a London court ruled that the claim forms could be served to his solicitors.

  • July 29, 2026

    German Finance Watchdog Starts Looking For AI Breaches

    Germany's financial markets regulator said Wednesday it will begin actively monitoring whether banks and insurers comply with the European Union's Artificial Intelligence Act, with rule-breakers facing fines of up to €35 million ($39 million).

  • July 29, 2026

    Major Banks Face Fresh Bid For Opt-In FX-Rigging Claim

    A competition law consultant sought Wednesday to revive his proposed foreign exchange-rigging class action against major banks, arguing that material changes since its rejection as an opt-out action warrant a fresh opt-in bid.

  • July 29, 2026

    Meta Fails To Cut Novel Damages From Facebook Data Claim

    Meta lost on Wednesday its appeal seeking to prevent millions of Facebook users from seeking so-called user damages for the use of their personal data as part of a landmark competition claim.

Expert Analysis

  • FCA Letter Highlights Football Clubs' Crypto Deal Risks

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    The Financial Conduct Authority’s recent warning to Premier League football clubs about sponsorship arrangements with unauthorized crypto-asset businesses demonstrates its concerns over unlawful financial promotions and anti-money laundering compliance failures, both of which run the risk of significant reputational damage and criminal prosecution, says Sushil Kuner at Freeths.

  • SRA Whistleblower Protections Will Test Legal Sector Culture

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    The Solicitors Regulation Authority's recent extension of whistleblower protections to law firm employees helps close the long-standing gap between professional and ethical obligations, but it does not fully resolve the cultural and structural barriers to reporting legal industry misconduct, says Georgia Learoyd at Howard Kennedy.

  • Parsing ICO Storage And Access Guidance Exceptions

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    Recent final guidance on storage and access technologies from the U.K. Information Commissioner's Office reflects the government's emphasis on key data privacy concerns, though businesses should consider leveraging several crucial exceptions, say lawyers at Hunton.

  • Int'l Bribery Enforcement Takeaways After SFO Conference

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    While the U.K. Serious Fraud Office's recent conference demonstrated a global consensus on the importance of combating bribery and corruption, lagging enforcement from U.S. and U.K. regulators suggests that muscular supranational agencies may soon step up to lead cross-border investigations, say lawyers at Addleshaw Goddard.

  • Making Deals Once EU Merger, Investment Screenings Overlap

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    Though proposed updates would result in greater overlap between European Commission merger control efforts and foreign investment screening, dealmakers must understand how different objectives still drive these regimes and how this recalibrated regulatory environment will affect their transactions, say attorneys at Mayer Brown.

  • BP Board Coup Spotlights Powers To Remove Directors In UK

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    Recent action taken against BP PLC’s chair reveals the authority conferred on boards by an organization's bespoke articles of association and stands as a reminder that director removal in the U.K. is not a simply a voting rights issue, raising questions about the allocation of power between boards and shareholders, say Dan Coppel and James Ford at Faegre Drinker.

  • What EU Tech Licensing Changes Mean For Businesses

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    Following the European Union’s modernization of the Technology Transfer Block Exemption Regulation, organizations should consider how the broadened antitrust safe harbor applies, particularly where technology licensing agreements involve data-sharing arrangements, territorial restrictions or competitor relationships, say lawyers at Steptoe.

  • UK-Gulf Trade Deal Offers Key Benefits, But Hurdles Remain

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    The U.K.’s recent free trade agreement with the Gulf Cooperation Council is expected to deliver U.K. businesses a competitive advantage, with simplified procedures and tariff removal across manufacturing, services and digital trade sectors, but navigating Gulf regional tensions and differing regulatory regimes will create challenges, say lawyers at King & Spalding.

  • Crypto Sector Sees Tougher Sanctions Compliance Demands

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    The U.K. government’s recently announced Russian sanctions package focusing on crypto-assets is a clear indication that authorities consider the crypto sector a major enforcement area, firmly within the scope of financial sanctions law, says Thomas Cattee at Gherson Solicitors.

  • AI Puts Financial Firms' Human Accountability To The Test

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    A recent Financial Services Skills Commission report illustrates the paradox that artificial intelligence increases the need for human oversight while automating the pathways through which that expertise is developed, and financial firms whose governance evolves at pace with technology are poised to benefit the most, say Louise Neave and Jack Paul at Fox Williams.

  • Why Tonzip Is Notable In English Sanctions Law Development

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    The Court of Appeal's ruling in Tonzip Maritime Ltd. v. 2Rivers Pte Ltd., the latest in the English law of sanctions ownership and control, confirms that where a contract refers to sanctions exposure, the relevant question may be whether there is a real and objectively reasonable risk, not whether a sanctions breach has already been proved, say lawyers at Michelman Robinson.

  • AI Makes Law Firm Change Management A Client Issue

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    As artificial intelligence implementation is causing clients' expectations of outside counsel to shift toward greater risk control and more transparent value, successful law firm transformation and the preservation of professional trust will require governance, training and accountability, says John Hutchinson at Broadfield.

  • How Firms Can Prepare For Increasing AI-Cybersecurity Risks

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    The growing convergence between cybersecurity and artificial intelligence means that businesses need to recognize the breadth of the threat, and conduct repeated testing and adjustment to address the shifting risk landscape, say lawyers at Debevoise.

  • EU AI Omnibus Makes Key Changes But Leaves Uncertainties

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    The European Council and Parliament’s recent provisional agreement on the artificial intelligence omnibus delivers some simplification to the European Union AI Act and achieves a broadly balanced outcome, but whether it truly improves legal certainty will depend on the commission's ability to deliver the implementing acts, say lawyers at CMS.

  • EU Protocol Strengthens Int'l Criminal Asset Recovery Powers

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    The Council of Europe’s recently adopted protocol to the Warsaw Convention marks a significant evolution in the international asset recovery landscape, signaling a focus on proactive and coordinated methods that require organizations to consider how to respond quickly to unexpected enforcement action, say lawyers at Trowers & Hamlin.

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