Corporate Crime & Compliance UK

  • April 23, 2026

    HMRC Defends Court's Power To Resolve Exit Tax Dispute

    A U.K. tribunal didn't overstep its authority by interpreting legislation to allow taxpayers to pay an exit tax in deferred payment plans to comply with the European Union's rights to free establishment, HM Revenue & Customs argued Thursday.

  • April 23, 2026

    Fraud Claims Made Up 15% Of 2025 Court Filings, Report Says

    The number of fraud claims issued in England and Wales for 2025 remained proportionately high, with banking and financial services disputes dominating as the most common subject matter of those claims, according to industry analysis published Thursday.

  • April 23, 2026

    Criteo Unit Seeks £7.5M From Ex-Owners Over Alleged Fraud

    Internet ad broker BidSwitch has sued investors in a communications software provider that it acquired for £7.5 million ($10 million), accusing them of fraudulently inflating the financial position of the company, which led to millions of pounds in losses.

  • April 23, 2026

    WealthTek Clients To Get £19M Compensation From Adviser

    The Financial Conduct Authority said Thursday that investment adviser Sapia Partners LLP has agreed to pay £19.6 million ($26.5 million) to clients of WealthTek, a wealth manager that has since collapsed, after failing to protect client money.

  • April 23, 2026

    Ex-RBS Banker Gets Prison For Soliciting £274K In Bribes

    A Scottish court has sentenced a former Royal Bank of Scotland banker to 21 months imprisonment for soliciting £274,000 ($370,000) in bribes from business clients while working in the bank's Global Restructuring Group in the wake of the 2010 financial crisis.

  • April 23, 2026

    BoE Pushes Banks To Combat Anthropic Mythos-Type AI Risk

    The Bank of England and UK Finance have warned banks and insurers to strengthen their cyber defenses by using artificial intelligence, in response to threats shown by emerging frontier AI models such as Anthropic's Mythos.

  • April 23, 2026

    Deripaska Sues Ex-Biz Partner Chernukhin In Ongoing Feud

    Oleg Deripaska has launched a new High Court claim against Vladimir Chernukhin, his former business partner, in the latest chapter of the long-running bitter legal feud between the two Russian oligarchs.

  • April 22, 2026

    Real Estate Co. Fights Exit Tax On £142M Over Legal Certainty

    A tribunal breached the principle of legal certainty in European Union law by ruling in favor of Britain's tax authority in a dispute over an exit tax on capital gains of £142 million ($192 million), a real estate investment company told a London court Wednesday.

  • April 22, 2026

    Class Rep Seeks To Revive £2.7B FX Claim As Opt-In Action

    A competition law consultant is fighting to relaunch a £2.7 billion ($3.65 billion) class action against major banks over alleged foreign exchange-rigging as an opt-in claim after a tribunal rejected it as an opt-out case.

  • April 22, 2026

    LC&F Solicitor Banned For Backdating Docs To Mislead FCA

    A solicitor found to have abetted a Ponzi scheme that siphoned off millions of pounds from British investors was banned from practicing on Wednesday after a disciplinary tribunal found that he had backdated documents to mislead auditors and regulators.

  • April 22, 2026

    FCA Leads 1st Raids On Illegal Crypto Traders

    The Financial Conduct Authority said Wednesday that it has led its first operation with other enforcement agencies to disrupt illegal peer-to-peer cryptocurrency trading in locations across London.

  • April 22, 2026

    Regulators Cut Burden On Senior Managers In Rule Changes

    The Financial Conduct Authority and Prudential Regulatory Authority set out on Wednesday finalized reforms to the Senior Managers and Certification Regime that will reduce costs and increase flexibility for businesses.

  • April 22, 2026

    SFO Looks Toward Technology, AI Overhaul After Ephgrave

    The goal of the Serious Fraud Office to accelerate its investigations through intelligence-gathering and technology signals that the white-collar agency's new interim director will persist with plans put in place by predecessor Nick Ephgrave after his surprise exit earlier in April.

  • April 22, 2026

    FCA Faces Challenge Over Motor Finance Redress Formula

    A consumer organization said Wednesday that it will bring a legal challenge to review how the Financial Conduct Authority's £7.5 billion ($10 billion) motor finance redress system is calculated, the first time such a program has been tested.

  • April 22, 2026

    SFO Arrests 4 In Fraud Probe Into £4B Gov't Energy Scheme

    The Serious Fraud Office said it arrested four people on Wednesday in an investigation into a £4 billion ($5.4 billion) government-backed scheme designed to cut fuel poverty and slash carbon emissions.

  • April 21, 2026

    EU Adopts Anti-Corruption Law With 5% Turnover Fines

    The European Union gave the final go-ahead Tuesday to a new directive on combating corruption, with fines of up to 5% of world turnover or €40 million ($47 million), adding a potential aggravating factor if offenders are banks or law firms.

  • April 21, 2026

    SRA Fights Axiom Ince's £65M Fraud Oversight Claim

    The Solicitors Regulation Authority hit back at claims from the now-defunct Axiom Ince that it was negligent in failing to spot the firm's leaders' alleged misappropriation of £65 million ($87.7 million) in client money early on.

  • April 21, 2026

    SFO Commits To 'Business As Usual' Amid Director Change

    The top lawyer at the Serious Fraud Office signaled on Tuesday that it will be "business as usual" for enforcement despite the recent change in leadership at the white-collar agency — but disclosure remains its biggest challenge and must be improved.

  • April 21, 2026

    Payroll VAT Fraudsters Jailed For 22 Years

    Four directors of a payroll company were sentenced to more than 22 years in prison for a two-year £8.8 million ($11.9 million) value-added tax fraud scheme, HM Revenue and Customs said Tuesday.

  • April 21, 2026

    Ex-Oil Execs Say 'Dishonest' Asset Freeze Cost Them $1B

    Two former top executives at oil trader Arcadia told a court on Tuesday that a decadelong order freezing their assets in support of a meritless fraud claim prevented them from setting up a business that would have earned them more than $1.1 billion.

  • April 21, 2026

    FCA Picks 8 More Companies To Test AI On Customers

    The Financial Conduct Authority said Tuesday that it has chosen Barclays, Lloyds Banking Group's Scottish Widows, UBS and five other companies for a second round of live testing of artificial intelligence on real customers.

  • April 21, 2026

    SRA Finds Suspected Fraud In PM Law's £40M Shortfall

    The Solicitors Regulation Authority said Tuesday that it has uncovered a "sophisticated suspected fraud" at PM Law Ltd. involving £39.5 million ($53 million) in client funds allegedly removed and misused by the firm.

  • April 21, 2026

    ENRC's $290M Claim Defies Decades Of Precedent, SFO Says

    The Serious Fraud Office and Dechert argued at trial on Tuesday that the $290 million claim brought by ENRC over a botched criminal investigation flies in the face of 30 years of legal precedent and simply "doesn't work."

  • April 27, 2026

    The 2026 UK Lawyer Satisfaction Survey: Where Do You Stand?

    How is your work-life balance? Are you content with your compensation and opportunities for advancement at work? Take the 2026 Law360 UK Pulse Lawyer Satisfaction Survey and share your thoughts.

  • April 21, 2026

    Glencore Ruling Broadens Scope For Challenge Over Privilege

    A recent court ruling that expands legal advice privilege to cover some internal corporate communications gives companies greater scope for withholding sensitive material but is likely to prompt challenges over whether those documents meet the test for protection, lawyers say.

Expert Analysis

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    The recently amended European Market Infrastructure Regulation, imposing a requirement on certain financial and nonfinancial institutions to maintain an active EU counterparty account, hopes to incentivize the central clearing of trades, although there are concerns that higher compliance costs will lead to a decrease in competitiveness, say lawyers at McDermott.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    While U.S. President Donald Trump’s protectionist stance on trade could disrupt global supply chains on which many U.K. tech firms are reliant, anticipated deregulation could provide fertile ground for investment and growth, and the U.K. tech sector is bracing for a mix of opportunities, say lawyers at Shoosmiths.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    Although the forthcoming European Union omnibus simplification package consolidating corporate sustainability reporting requirements aims to reduce the regulatory burden on businesses, reaction to the proposals has been mixed, and reassurance is needed that these measures will not result in a watering down of the legislation, say lawyers at Peters & Peters.

  • Review Of Computer Evidence Use Raises Complex Issues

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    The Ministry of Justice’s recent call for a review of computer-generated evidence used in criminal proceedings, solicits questions of how such evidence will be defined while also ensuring that changes can withstand technological advances and uphold the effective functioning of the criminal justice system, say lawyers at BCL Solicitors.

  • How Proposed Private Share Trading System May Benefit Cos.

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    The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.

  • New Bill Introduces Important Whistleblower Protections

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    If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.

  • What To Expect As CAT Considers Mastercard Settlement

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    It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

  • What To Know As EU Urges Outbound Investment Reviews

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    A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.

  • Competition Act Brings Important UK Merger Control Changes

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    Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.

  • How GCs Can Protect Cos. From Geopolitical Headwinds

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    Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.

  • What BT Ruling Will Mean For UK Class Actions

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    The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.

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