Corporate Crime & Compliance UK

  • September 03, 2026

    More Employers Fined In FWA's 1st Minimum Wage Roundup

    The business secretary warned U.K. employers on Thursday that underpaying staff "isn't a shortcut to success" as the new Fair Work Agency fines a growing number of organizations for failing to pay staff the minimum wage.

  • September 03, 2026

    BAT Faces 3rd Investor Claim After N. Korea Sanctions Breach

    A group of investors has sued British American Tobacco, adding to two separate group claims the cigarette company is facing after it failed to disclose information about its North Korean activities, resulting in it paying hundreds of millions of dollars in penalties.

  • September 03, 2026

    Ethical Forestry Directors Get 15 Years Over £70M Fraud

    Three former company directors were imprisoned for a total of more than 15 years on Thursday for fraudulently plundering investors' money from a £70 million ($94 million) tree plantation investment scheme.

  • September 02, 2026

    £70M Forestry Fraud Funded Luxury Lives, Prosecutor Says

    Three former directors defrauded thousands of victims out of £70 million ($94.4 million) through a tree plantation investment scheme to finance their luxurious lifestyles, a prosecutor for the Serious Fraud Office said at a sentencing hearing in London on Wednesday.

  • September 02, 2026

    FCA Flags Frontier AI Issues For Financial Sector

    The Financial Conduct Authority warned Wednesday that frontier artificial intelligence is discovering vulnerabilities faster than regulated companies can respond, exposing risks that need information-sharing and coordinated engagement with suppliers.

  • September 02, 2026

    MFS-Linked Co. Accuses Owner Of Funneling £242M

    Administrators of a financial intermediary linked to the collapsed Market Financial Solutions have sued MFS' former director Paresh Raja for £242 million ($327 million), alleging that he funneled the money to companies he owned and controlled.

  • September 02, 2026

    Kingsley Napley's James Alleyne On FCA's Misconduct Rules

    The Financial Conduct Authority's new rulebook on non-financial misconduct for 37,000 asset managers, insurers and other non-banking companies that took effect on Tuesday has raised new uncertainties and risks.

  • September 02, 2026

    Citibank Gets £4.7M UK Fine For Russia Sanctions Breach

    Britain's sanctions watchdog said Wednesday that it has fined Citibank £4.7 million ($6.35 million) for processing almost 1,000 transactions over a span of three years despite financial restrictions imposed on Russia. 

  • September 02, 2026

    SFO, Dechert Settle ENRC's $290M Claim Over Criminal Probe

    The Serious Fraud Office, Dechert LLP and Eurasian Natural Resources Corp. reached an out-of-court settlement on Wednesday, ending a long-running $290 million claim that accused the agency of mishandling a criminal investigation.

  • September 01, 2026

    Alleged Iran Oil Ring Member Beats US Bail Challenge

    A shipping businessman accused of evading U.S. sanctions to buy vessels for a multibillion-dollar Iranian oil network defeated prosecutors' bid Tuesday to overturn a London judge's decision granting him bail while he fights extradition on fraud charges.

  • September 01, 2026

    Property Biz Director Used Wife's Co. To Hide Payments

    A London judge has found that a purported fraudster funneled an insolvent property development company's funds through a company registered to his wife while apparently subject to a £29.7 million ($40.2 million) criminal court order.

  • September 01, 2026

    FSB Warns G20 Of Frontier AI Threat To Global Finance

    A global stability standards setter has warned major economies that frontier artificial intelligence models pose the most immediate AI-related threat to the financial system.

  • September 01, 2026

    UK To Double OFSI's Maximum Sanctions Evasion Penalties

    The government has announced a series of measures designed to strengthen sanctions enforcement, including a doubling of the maximum penalty available to the Office for Financial Sanctions Implementation for breaches. 

  • September 01, 2026

    Man Gets Prison For ID Theft In 1st Known 'SMS Blaster' Case

    A man has been sentenced to three years and eight months in prison after he was convicted of using sophisticated technology to send fraudulent text messages directly to members of the public, City of London Police said Tuesday.

  • August 31, 2026

    Investors Can't Escape Danish Tax Fraud Case, 2nd Circ. Says

    Four investors and their pension plans owe $476 million for their role in a tax fraud scheme against the Danish government, the Second Circuit affirmed Monday, rejecting the investors' contention that they are beyond the reach of Danish revenue collectors.

  • August 31, 2026

    ChatGPT, Reddit, Roblox ID'd For Extra EU Digital Safeguards

    The European Commission labeled ChatGPT, Reddit and Roblox on Monday as large enough to warrant extra rules for policing illegal content and other mandates, bringing the number of companies hit with Digital Services Act labels up to 28.

  • August 28, 2026

    FCA Non-Financial Misconduct Regime Will Endanger Careers

    Financial Conduct Authority rules on non-financial misconduct, which take effect on Tuesday, could unfairly jeopardize careers as 37,000 non-banking finance businesses face a double whammy of wider enforcement risk and excessive caution showing through in hiring decisions and references, lawyers warned.

  • August 28, 2026

    FCA Warns Against 'Flamboyant' Notices Misleading Investors

    Britain's financial watchdog said Friday that there has been a rise in "flamboyant" language in companies' official announcements and warned firms that recent disclosures to investors have sounded more like marketing than regulatory notices.

  • August 28, 2026

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

    The past week in London has seen shoe brand Crocs bring an appeal against the chief executive of the U.K.'s Intellectual Property Office, singer Alanis Morissette sued by the former head of operations at Live Nation Israel and the son of convicted fraudster Guo Wengui file an appeal against the Chapter 11 trustee controlling his father's bankruptcy estate. 

  • August 28, 2026

    Energy Biz Names Ex-SFO Senior Official As GC

    North American Blue Energy Partners has appointed a former senior legal official at the Serious Fraud Office as its general counsel as the oil and gas company prepares to expand operations, increase production and pursue new partnerships.

  • August 28, 2026

    Top UK Appeals Decisions In 2026: Midyear Review

    The U.K.'s top appeal courts have handed down a series of significant judgments in 2026, reshaping the tax treatment of members of LLPs, the management of mass consumer claims and the rules governing who can conduct litigation.

  • August 28, 2026

    Trade Sanctions Body Refers More Than 40 Cases To HMRC

    The trade sanctions enforcer has revealed that it has referred almost 50 cases to law enforcement agencies and regulators for possible enforcement, including criminal prosecution, over the past year as its investigations begin to gather pace.

  • August 27, 2026

    NHS To Pay Ex-Hospital CEO's Legal Costs Over Its Dishonesty

    An employment tribunal has ordered an NHS trust to pay the legal costs of a former hospital chief executive, finding that it had "dishonestly manufactured evidence" to defend against her claims of constructive dismissal and whistleblowing detriment.

  • August 27, 2026

    HMRC Says 240 People Had Crypto Gains Over £1M Last Year

    Two hundred and forty people reported capital gains from cryptocurrency that exceeded £1 million ($1.36 million) in the 2024-2025 tax year, collectively making about £717 million, HM Revenue & Customs said Thursday in its first dissemination of capital gains tax data specific to cryptocurrencies.

  • August 27, 2026

    Tax Pro Avoids Jail For Role In 'Singapore Solution' Fraud

    A New York federal judge on Thursday allowed an English national to avoid prison for facilitating a $60 million tax evasion scheme, after he admitted helping wealthy clients move money from a Swiss bank through his Hong Kong financial services business.

Expert Analysis

  • Decoding Arbitral Disputes: UK Assignability Of ICSID Awards

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    The recent High Court decision in Operafund v. Spain clarifies the stance of English law on an important question to investors, funders and sovereigns, concluding that awards under the International Centre for Settlement of Investment Disputes Convention are not commodities that can be traded, says Josep Galvez at 4-5 Gray's Inn.

  • CMA Guide Clarifies Role Of Competition Law In Employment

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    The Competition and Markets Authority’s recent guide to applying U.K. competition law to employment market practices, with a focus on no-poach agreements, wage-fixing and exchange of sensitive information, provides welcome and timely guidance for employers trying to navigate this area, say lawyers at Lewis Silkin.

  • FCA Proposals Reduce Consumer Duty Compliance Burden

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    The Financial Conduct Authority’s recent proposals to streamline the consumer duty regime represent a pragmatic response to industry concerns, with a move toward sector-specific supervision and potentially narrowing its scope for wholesale and cross-border business, say lawyers at Simmons & Simmons.

  • How New Companies House ID Rules Affect Businesses

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    Lawyers at Shepherd & Wedderburn discuss the Economic Crime and Corporate Transparency Act’s new mandatory identity verification requirements for all company directors and persons with significant control, set to go live next week, which aim to curb fraud by improving the reliability of information held by Companies House.

  • Russia Sanctions Spotlight: Taking Russian Oil Off The Market

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    The recent sanctions targeting Russia's energy sector by the U.K., EU and U.S. aim to limit Russia’s ability to fund its war machine by the sale of fossil fuels, representing an important escalation that has the potential to affect a wide range of business activities, says Alexandra Melia at Steptoe.

  • Role Of UK Investment Act Is Evolving In M&A Deals

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    With merger and acquisition activity likely to increase in light of the government’s new defense industrial strategy, the role of the National Security and Investment Act will come into sharper focus, and its recent annual report confirms that scrutiny is intensifying, say lawyers at Kingsley Napley.

  • What To Know About EU's Reimposition Of Sanctions On Iran

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    Lawyers at Steptoe discuss the European Union’s recent reimposition of trade and financial sanctions against Iran, which will introduce legal and operational constraints that affect EU companies' commercial activities in the region.

  • Navigating Int'l Laws To Protect Children In The Digital World

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    The European Commission’s recent request to online platforms for information on their measures to protect minors using their services is part of an intensifying focus on safeguarding children, and with an ever-growing worldwide maze of regulations, digital businesses should conduct a holistic assessment to minimize risks, says Anna Morgan at Bird & Bird.

  • FCA Crypto Proposals Herald Tougher Oversight For Firms

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    The Financial Conduct Authority’s recent proposals to extend regulation to crypto-asset activities will bring parity, but implementation of the operational resilience requirements and enhanced financial crime controls will present compliance challenges, says Michelle Kirschner at Gibson Dunn.

  • EU Investment Reporting Rules Letup Signals Pragmatic Shift

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    While investment companies remain subject to far-reaching disclosure obligations under the Foreign Subsidies Regulation, new guidance from the European Commission on reporting passive limited partner commitments represents a drastic simplification and burden reduction, say lawyers at Paul Weiss.

  • SFO's 2-Year Transformation Signals Crackdown On Fraud

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    Two years after Nick Ephgrave’s appointment as director of the Serious Fraud Office, the introduction of new corporate criminal offenses and strengthened investigative methods sends a clear message to corporations that the agency is delivering on its promise to be bolder and more proactive about tackling fraud, say lawyers at BCL Solicitors.

  • What To Know About Interim Licenses In Global FRAND Cases

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    Recent U.K. court decisions have shaped a framework for interim licenses in global standard-essential patent disputes, under which parties can benefit from operating on temporary terms while a court determines the final fair, reasonable and nondiscriminatory terms — but the future of this developing remedy is in doubt, say attorneys at Fish & Richardson.

  • How EU And UK Consumer Loan Protections Are Shifting

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    As market evolution and digitalization motivate both the European Union and the U.K. to revamp consumer protections around lending, the potential for divergence between these rules will pose new challenges for cross-border consumer credit lenders, say lawyers at Skadden.

  • EBA Guidance Shakes Up EU Securitization Market Practices

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    Although the European Banking Authority’s recent questioning of the common use of conditional sale agreements to season assets when setting up securitizations has come as an unwelcome surprise, competent regulators are expected to follow the EBA guidance, even though as a Q&A response it is not legally binding, say lawyers at Debevoise.

  • EU Act Establishes Data Sharing Rules, But Hurdles Remain

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    The recently effective European Union Data Act provisions establish harmonized rules to unlock the use of data generated by technology-embedded software, but leave practical challenges that organizations will need to navigate to comply with cross-border requirements, say lawyers at King & Spalding.

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