Corporate Crime & Compliance UK

  • 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

    Duty To Consult On Staff Monitoring Would Increase Disputes

    Lawyers warn that a proposal from the government to require employers to consult on how they use workplace monitoring technology would lead to disputes with workers and their unions — but any lesser reform won't improve workers' rights as employers seek to avoid scrutiny of their methods.

  • 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

    Bahrain Spyware Ruling Opens Door To State Hack Claims

    A decision by the U.K. Supreme Court to allow two Bahraini dissidents to sue the Gulf state over alleged spyware attacks on them could encourage more claims against foreign governments accused of hacking people in Britain from sites overseas, lawyers say.

  • 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.

  • July 28, 2026

    Like Milli Vanilli, Goldman FCPA Case Is A Ruse, Jury Told

    The government's foreign bribery case accusing a former Goldman Sachs banker of paying off Ghanaian officials to secure a lucrative energy deal is a lot like Milli Vanilli, his lawyer told a New York jury Tuesday, arguing that much like lipsynced songs of the fake late-1980s-era pop duo, prosecutors' version of events is not what it appears to be.

  • July 28, 2026

    Glencore Fights To Recoup $230M In Prax Oil Fraud Row

    Glencore PLC's U.K. arm asked a London judge Tuesday to let it bring a claim against the collapsed former owner of one of the U.K.'s largest oil refineries, alleging it was defrauded out of $230 million worth of crude oil.

  • July 28, 2026

    CPS Prosecutor Loses Disability Discrimination Claim

    A prosecutor has lost a disability discrimination claim against the Crown Prosecution Service, after a judge ruled the CPS took appropriate steps to address his attention deficit hyperactivity disorder.

  • July 28, 2026

    UK Gov't Bodies Step Up Pay-For-Delay Claim Against Servier

    Several U.K. government bodies have told a London tribunal that Servier should pay damages for allegedly breaching European Union antitrust laws by restricting supplies of a blood pressure drug, causing the bodies to overpay.

  • July 28, 2026

    Ex-Detective Loses Appeal To Revive Whistleblowing Case

    A retired police detective has lost a bid to reopen his constructive dismissal case, as a London appeals court ruled that disclosures he made to the police watchdog about his former force do not qualify for statutory whistleblower protection.

  • July 28, 2026

    Ex-Solicitor Loses Appeal In SFO Tipping-Off Case

    A former solicitor was denied an opportunity on Tuesday to overturn his conviction for tipping off a client about an anti-money laundering investigation by the Serious Fraud Office as an appeals court ruled that there was no procedural unfairness in his trial.

  • July 28, 2026

    CMA Wins Drug Price Appeal But £100M Fines Face Review

    An appeals court upheld on Tuesday findings by a competition tribunal that a group of pharmaceutical companies abused its dominant position to overcharge for a life-saving adrenal drug, but sent approximately £100 million ($133 million) in penalties back for reconsideration.

  • July 28, 2026

    EY Fined £1.2M For Rule Breaches On Made.com Audit

    The Financial Reporting Council fined EY £1.2 million ($1.6 million) and the firm's audit engagement partner Julie Carlyle £49,000 Tuesday for rule breaches in the audit of online furniture retailer Made.com's 2021 accounts.

  • July 28, 2026

    Ex-Banker Says Moldova's President Is Fueling $22B Case

    A Moldovan entrepreneur facing extradition from the U.K. for allegedly masterminding a $22 billion money laundering operation told a London court on Tuesday that the charges are politically motivated, claiming that the country's president sees "a threat in my face."

  • July 27, 2026

    UK Court Cuts Penalties, Upholds Bans Over Pensions Advice

    A U.K. appeals court upheld the Financial Conduct Authority's decision to ban a company director and pensions adviser from the financial services sector but reduced the watchdog's penalty assessment, holding Monday that fines should be proportionate to harm caused.

Expert Analysis

  • What Cos. Need To Know About EU's AI Action Plan

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    The European Commission’s recently unveiled artificial intelligence continent action plan aims to position the European Union as a global AI leader, but with tension surrounding the EU AI Act’s compliance obligations, organizations should prepare for potential regulatory divergence between the plan's pro-innovation approach and the act's more prescriptive regime, says Marc Martin at Perkins Coie.

  • Russia Sanctions Spotlight: Divergent Approaches Emerge

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    With indications of greater divergence and uncertainty in Russia sanctions policy between the U.K., European Union and U.S., there are four general principles and a range of compliance steps that businesses should bear in mind when assessing the impact of a potentially shifting landscape, says Alexandra Melia at Steptoe.

  • What Santander Fraud Ruling Means For UK Banking Sector

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    A London court's recent judgment in Santander v. CCP Graduate School held that a bank does not owe any duty to third-party victims of authorized push payment fraud, reaffirming the steps banks are already taking to protect their own customers from sophisticated fraud mechanisms, say lawyers at Charles Russell.

  • Fines Against Apple, Meta Set Digital Markets Act Precedent

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    The European Commission's recent fines against Apple and Meta, the first under the Digital Markets Act, send a clear message that the act's reach and influence on regulatory thinking is global, say lawyers at Waterfront Law.

  • FCA Update Eases Private Stock Market Disclosure Rules

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    The Financial Conduct Authority’s recently updated proposals for the Private Intermittent Securities and Capital Exchange System would result in less onerous disclosure obligations for businesses, reflecting ongoing efforts to balance an attractive trading venue for private companies while maintaining sufficient investor protections, say lawyers at Debevoise.

  • Key Questions As Court Mulls Traders' Libor Convictions

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    The U.K. Supreme Court is considering whether to overturn two traders’ Libor and Euribor manipulation convictions, with the appeal reinvigorating debate over the breadth of English common law’s conspiracy to defraud offense and raising questions about the limits of a judge’s role in criminal jury trials, says Ellen Gallagher at Vardags.

  • Foreign Countries Have Strong Foundation To Fill FCPA Void

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    Though the U.S. has paused enforcement of the Foreign Corrupt Practices Act, liberal democracies across the globe are well equipped to reverse any setback in anti-corruption enforcement, potentially heightening prosecution risk for companies headquartered in the U.S., says Stephen Kohn at Kohn Kohn.

  • Code Of Practice Signals Aim To Bolster UK Software Security

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    The U.K. government’s new code of practice for software vendors includes several principles that will help developers and distributors integrate security best practices, but without mandatory adoption, market inconsistencies may emerge, say lawyers at Deloitte.

  • Expect Complex Ruling From UK Justices In Car Dealer Case

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    While recent arguments before the U.K. Supreme Court in a consumer test case on motor finance commissions reveal the court’s take on several points argued, application of the upcoming decision will be both nuanced and fact-sensitive, so market participants wishing to prepare do not have a simple task, says Tom Grodecki at Cadwalader.

  • Why Cos. Should Investigate Unethical Supply Chain Conduct

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    The U.K. government’s recent updated guidance for businesses on reporting slavery and human trafficking in supply chains underscores the urgent need for companies to adopt transparent and measurable due diligence practices, reinforcing the broader need for proactive internal investigations into unethical or criminal conduct, say lawyers at Seladore and Matrix Chambers.

  • FCA Bulletin Highlights Risks Of Leaking Inside M&A Info

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    The Financial Conduct Authority’s recent bulletin on the consequences of leaking sensitive information during transactions, warning that such disclosure may result in market abuse allegations, demonstrates the regulator’s determination to root out and penalize insider dealing, say lawyers at Cadwalader.

  • New Anti-Corruption Task Force Bolsters Int'l Collaboration

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    The recent creation of an anti-corruption task force by the U.K., France and Switzerland demonstrates a commitment to tackling bribery within national and international frameworks, and organizations within these jurisdictions’ remit, including U.S. companies operating in Europe, should review their compliance practices to ensure they address diverging requirements, say lawyers at Skadden.

  • FCA's Regulatory Plans Signal Cause For Cautious Optimism

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    The Financial Conduct Authority’s latest strategy document plans for less intrusive supervision, a more open and collaborative approach, and a focus on assertive action where needed, outlining a vision of deepened trust and rebalanced risk that will be welcomed by all those it regulates, says Imogen Makin at WilmerHale.

  • How CMA Is Responding To UK Gov't Pro-Growth Agenda

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    With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes.

  • US Diversity Policies Present Challenges To UK And EU Cos.

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    Following President Donald Trump’s recent executive orders calling for increased scrutiny of diversity, equity and inclusion initiatives, it is clear that global businesses operating in the U.K. and European Union will need to understand regional nuances to successfully navigate differing agendas on either side of the Atlantic, say lawyers at Jenner & Block.

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