Corporate Crime & Compliance UK

  • March 12, 2025

    Regulatory Rollback Gathers Pace As Programs Axed

    The City watchdog has dropped three of its top regulatory initiatives, responding on Wednesday to industry criticism and government pressure to boost competitiveness and economic growth.

  • March 12, 2025

    EU Targets US Goods In Response To Trump's Tariffs

    The European Commission said Wednesday that it will impose tariffs on American goods imported into the European Union in response to U.S. tariffs placed on EU steel and aluminum exports.

  • March 19, 2025

    Pierson Ferdinand Hires Former Magistrate From Walkers

    Pierson Ferdinand LLP has recruited Daniel Hayward-Hughes, a former magistrate and associate with Walkers, as a junior partner in its international disputes practice as the firm continues to grow its London office a year after its launch.

  • March 12, 2025

    HMRC To Reward Whistleblowers Who Expose Tax Fraud

    Insiders who tip off investigators to serious tax avoidance by large companies and rich elites will be paid a cut of any money the U.K. tax enforcer claws back under a new policy proposed by the government.

  • March 12, 2025

    Florist Says Ex-CEO Diverted Cash Amid False Fraud Claim

    A high-end London florist has sued its former CEO for an estimated £4.1 million ($5.3 million) alleging the businessman diverted its revenue before falsely telling customers that the business was insolvent and committing fraud.

  • March 12, 2025

    FCA Drops Plan To 'Name And Shame' Firms It Investigates

    The Financial Conduct Authority said Wednesday that it has scrapped its proposals to publicly identify companies at an early stage in enforcement investigations as the watchdog responds to widespread resistance from the sector.

  • March 12, 2025

    Gov't To Scrap UK Payments Watchdog To Boost Growth

    The U.K. government has said that it will abolish the payments watchdog as the latest step to reduce the size and complexity of regulatory burdens on business.

  • March 12, 2025

    UK Watchdogs Drop Diversity And Inclusion Regulation Plans

    The financial services watchdogs have walked back plans to introduce new regulations for diversity and inclusion policies, saying on Wednesday that they hope to avoid duplicating existing regulation and legislative guidelines.

  • March 11, 2025

    AXA Says Santander Was In 'Driving Seat' In £670M PPI Trial

    Insurance giant AXA said at the start of a £670 million ($867 million) London trial Tuesday that Santander should compensate it for what it has paid out dealing with claims for missold payment protection insurance because the Spanish bank's subsidiary was "in the driving seat."

  • March 11, 2025

    EU Council Approves 'Decluttering' Tax Agenda

    The Council of the European Union said Tuesday that it has approved the "decluttering" agenda to simplify tax legislation across the bloc and cut red tape to make the system more competitive.

  • March 11, 2025

    Exec Wins Bid To Challenge Name Disclosure In Bribery Case

    A former executive acquitted of bribery won permission Tuesday to attempt to keep their name out of a judgment detailing a bribery settlement with the Serious Fraud Office after a judge ruled he had an "arguable" case that his privacy rights trumped transparency.

  • March 11, 2025

    Clyde & Co Hires RPC White Collar Quartet

    Clyde & Co. LLP said Tuesday that it has recruited Sam Tate, the former head of white-collar crime at Reynolds Porter Chamberlain LLP, as its global head of regulatory and investigations, along with three other RPC hires.

  • March 11, 2025

    Staley Denies Knowledge Of Epstein's 'Monstrous Activities'

    Jes Staley told a tribunal on Tuesday that he would not have maintained a relationship with Jeffrey Epstein if he had known about the disgraced financier's "monstrous" activities.

  • March 11, 2025

    EU Council Adopts Digital VAT Reform Package

    The Council of the European Union said Tuesday that it has adopted reforms to adapt the EU's value-added tax regime to the digital economy.

  • March 11, 2025

    UK Regulators Seek AI Guidance From Industry

    Britain's financial and data regulators have reached out to U.K. trade bodies and business chief executives for guidance on how to provide regulatory certainty on artificial intelligence.

  • March 11, 2025

    FCA Mulls Customer Redress For Motor Finance Failings

    The Financial Conduct Authority said Tuesday that it would probably launch a redress program for providers of car finance to compensate buyers if a review shows widespread failure to comply with requirements on commissions.

  • March 11, 2025

    Dentons Must Face AML Allegations Again After Tribunal Error

    Dentons must face allegations that it breached money laundering rules for a second time as a London court sent the Solicitors Regulation Authority's case against the firm back to a disciplinary tribunal for reconsideration on Tuesday after finding the tribunal had taken a mistaken approach to the case.

  • March 11, 2025

    Infected Blood School Defeats Ex-Pupils' Group Claim Bid

    A senior High Court judge on Tuesday blocked an application from dozens of former pupils of a school at the center of an infected blood scandal to join together in a single group to seek damages from its trust.

  • March 10, 2025

    BBC Spent £1.3M On Huw Edwards Scandal Fallout

    The British Broadcasting Corp. spent more than £1.3 million ($1.68 million) on legal advice and an internal review spurred by complaints against disgraced presenter Huw Edwards.

  • March 10, 2025

    COVID Loan Abuse Still Behind Over Half Of Director Bans

    More than 650 directors have been disqualified for abusing the COVID-19 financial support scheme in the past 12 months, a U.K. government agency announced Monday in a signal that authorities are still tackling the increasingly distant offenses.

  • March 10, 2025

    Barclays' Jes Staley Was 'Honest' With FCA Over Epstein Ties

    Former Barclays boss Jes Staley has denied attempting to mislead the Financial Conduct Authority about his ties to Jeffrey Epstein, telling a tribunal on Monday that he always maintained they had a "close professional relationship."

  • March 10, 2025

    Addleshaw Wins Bankruptcy Order Against Former LC&F Boss

    Addleshaw Goddard has obtained a bankruptcy order against a former boss of London Capital & Finance after a court ruled he defrauded investors out of £237 million ($306 million) by running the investment company like a Ponzi scheme.

  • March 10, 2025

    German Election Raises Doubts About Pillar 2 From Tax Pros

    The new German government could end up abandoning the international corporate minimum tax agreement known as Pillar Two because of rising competition between the U.S. and Europe, experts told Law360.

  • March 10, 2025

    Accountant Who Missed Fraud Wins Sham Redundancy Case

    A home renovations business must pay a former accountant who failed to spot an employee embezzling more than £13,000 ($17,200) after a tribunal found that the company had no genuine reason to cut her job.

  • March 07, 2025

    £800M Pollution Class Action Against Water Cos. Rejected

    The U.K.'s competition court on Friday threw out an £800 million ($1 billion) proposed class action against several water companies over their alleged failure to report pollution, concluding that the case was excluded by legislation governing the water businesses. 

Expert Analysis

  • Taking Stock Of The Latest Criminal Court Case Statistics

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    The latest quarterly statistics on the type and volume of cases processed through the criminal court illustrate the severity of the case backlog, highlighting the need for urgent and effective investment in the system, say Ernest Aduwa and Jessica Sarwat at Stokoe Partnership.

  • ICO Data Protection Guidance Offers Clarity On Fining Powers

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    New guidance from the Information Commissioners' Office is designed to offer transparency about its fining powers, and, combined with the office's wide-ranging enforcement authority, clearly intends to ensure breaching companies concentrate on the external harm they cause and not only internal changes, say Robert Allen and Amelia Handoll-Clark at Simmons & Simmons.

  • Hugh Grant Case Raises Questions About Part 36 Offers

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    Actor Hugh Grant's recent decision to settle his privacy suit by accepting a so-called Part 36 offer from News Group — to avoid paying a larger sum in legal costs by proceeding to trial — illustrates how this legal mechanism can be used by parties to force settlements, raising questions about its tactical use and fairness, says Colin Campbell at Kain Knight.

  • Investment Security Act Fine-Tune May Help Businesses

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    Although the government’s recent response to feedback on the National Security and Investment Act regime makes it clear that its approach is one of fine-tuning and substantial reforms will have to wait, there is still room to ease the burden on businesses by issuing guidance and refining the terms of mandatory area definitions, say lawyers at Linklaters.

  • How New FCA Rules Strengthen Borrower Protections

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    The Financial Conduct Authority’s recently published final rules, aimed at strengthening protections for borrowers in financial difficulty by regularizing good practices across the industry, put its previous guidance on a permanent footing and send a clear message to firms that this issue remains a regulatory priority, say James Black, Julie Patient and Mark Aengenheister at Hogan Lovells.

  • How Cos. Can Prepare For EU's Forced Labor Regulation

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    Before a new European Union regulation takes effect banning products made with forced labor from the internal market, economic operators will need to get their supply chain compliance functions ready, familiarizing themselves with international standards and case law, say Vassilis Akritidis and Jean-Baptiste Blancardi at Crowell & Moring.

  • Opinion

    New Property Category Not Needed To Regulate Digital Assets

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    The U.K. Law Commission's exploration of whether to create a third category of property for digital assets is derived from a misreading of historical case law, and would not be helpful in resolving any questions surrounding digital assets, says Duncan Sheehan at the University of Leeds.

  • FTSE Draft Rules Show Impact Of FCA Listing Reforms

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    FTSE Russell’s recently published provisional rule changes represent a much-awaited indication of its response to the U.K. Financial Conduct Authority’s proposed listing reforms, providing a level of certainty that will assist issuers and advisers in preparing for the implementation of the regime, say lawyers at Davis Polk.

  • FCA Strikes A Balance With 'Finfluencer' Guidance

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    With financial firms leveraging social media to engage with a broader audience, the Financial Conduct Authority’s recent "finfluencer" guidance signals a recognition of the imperative to adapt regulatory frameworks while maintaining a firm commitment to consumer protection, say David Allinson and Damien O'Malley at RPC.

  • Pharma Remains A Key Focus Of EU Antitrust Enforcement

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    The recently published European Commission report on pharmaceutical sector competition law illustrates that effective enforcement of EU rules remains a matter of high priority for EU and national authorities, say lawyers at Dechert.

  • Dissecting Recent Developments Against The Misuse Of NDAs

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    The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.

  • What UK Energy Charter Treaty Exit Would Mean For Investors

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    While the U.K.'s recent announcement that it intends to withdraw from the Energy Charter Treaty is a bold political signal, investor protections will remain in place for a significant period of time, ensuring that an element of certainty and business continuity will remain, say Karel Daele and Jessica Thomas at Taylor Wessing.

  • Assessing The FCA Data Study's Response To User Concerns

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    The Financial Conduct Authority’s recently published report on the supply of wholesale financial data differs from others in its exceptional breadth and analysis of an enormous volume of information, but in its reluctance to address market power or pricing directly, the regulator’s approach is still cautious, say Emma Radcliffe and Greg Dowell at Macfarlanes.

  • Uber Payout Offers Employer Lessons On Mitigating Bias

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    Uber Eats' recent payout to a driver over allegations that the company's facial recognition software was discriminatory sheds light on bias in AI, and offers guidance for employers on how to avoid harming employees through the use of such technology, says Rachel Rigg at Fieldfisher.

  • Apple Ruling Offers Morsel Of Certainty On Litigation Funding

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    An English court's recent decision in Gutmann v. Apple, finding that a litigation funder could be paid via a damages award, offers a piece of guidance on the permissibility of such agreement terms amid the ongoing uncertainty around funded group litigation in the U.K., says Mohsin Patel at Factor Risk Management.

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