Corporate Crime & Compliance UK

  • May 18, 2026

    Treasury To Boost Lending With Ring-Fence Reforms

    HM Treasury said on Monday that it will introduce ring-fencing reforms it designed in collaboration with the Bank of England through its Enhancing Financial Services Bill, aiming to boost bank lending by £80 billion ($107 billion).

  • May 18, 2026

    Financial Investigator Imprisoned For Sharing Police Records

    A police financial investigator has been handed a prison sentence for abusing his access to police systems to find financial information and criminal records of people he knew and disclosing confidential information.

  • May 18, 2026

    UK To Rewrite Consumer Credit Rules For Digital Age

    The government said Monday it will radically overhaul the consumer credit regime, arguing that the 50-year-old rules are outdated and too complex, amid lingering concerns the reforms could weaken protections for borrowers.

  • May 18, 2026

    UK Regulators Set Out Program To Boost Digital Assets

    U.K. financial regulators published proposals on Monday to support businesses in the sector to develop and accelerate the digitalization of shares or bonds and its infrastructure.

  • May 18, 2026

    EY Pays £105M To Settle NMC Health Audit Negligence Claim

    EY has paid £105.5 million ($141 million) to the administrators of NMC Health PLC after settling a £2 billion claim over its allegedly negligent auditing of the collapsed hospital operator and failure to spot major fraud by the health giant's shareholders.

  • May 15, 2026

    Wealth Inequality Worsened By Tax Gap, Think Tank Says

    The tax gap is contributing to the inequality of wealth in the U.K. that has resulted in 350 individuals and families having a combined wealth equivalent to around a quarter of the country's gross domestic product, a think tank said Friday.

  • May 15, 2026

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

    The past week in London has seen singer Rita Ora be sued by her management company, the billionaire Gertner brothers file a part 8 claim and Stephenson Harwood lodge a debt claim against a member of the Bulgari jewelry dynasty. Here, Law360 looks at these and other new claims in the U.K.

  • May 15, 2026

    Bank Exec's Whistleblowing Didn't Spark Hotel Spend Probe

    A U.K. bank has beaten a former executive's claim that it penalized her for blowing the whistle on alleged regulatory failures, persuading a tribunal that its disciplinary probe into her hotel spending was not a sham.

  • May 15, 2026

    Switzerland Drops UK Extradition Bid For Venezuelan Tycoon

    Swiss prosecutors have dropped their bid to extradite a Venezuelan entrepreneur living in the U.K. in connection with money laundering allegations, the Crown Prosecution Service has confirmed. 

  • May 15, 2026

    British Gas To Pay £90M Over Ofgem Prepayment Meter Probe

    British Gas owner Centrica PLC said Friday that it has agreed to pay up to £90 million ($120 million) to reach a settlement over an investigation by the energy markets regulator into involuntary prepayment meter installations for vulnerable customers.

  • May 14, 2026

    Trader Accused Of Using $9M Investment Deal To Buy House

    A management consultancy has told a London court that a purported bond-market trader used a $9.4 million investment to buy a country home and other businesses instead of paying promised returns.

  • May 14, 2026

    Ex-Deputy PM Rayner Says She's Cleared Of Tax Claims

    Britain's tax authority has cleared former Deputy Prime Minister Angela Rayner of claims that she dodged taxes on an £800,000 ($1 million) property, according to an interview published Thursday, just as the Labour government faces demands for new leadership.

  • May 14, 2026

    PE Co. Settles €9.3M Fraud Claim Against Restauranteur

    A private equity shop's special purpose vehicle has settled its case against a French restaurant manager alleging that he lied about his previous work experience to secure a €9.3 million ($11 million) investment for a failed food business venture.

  • May 14, 2026

    Mehta Says He Signed Fake Board Minutes At Exec's Request

    A diamond and jewelry tycoon accused of swindling more than $1 billion from banks testified at trial in London on Thursday that he never attended board meetings and signed off on minutes years after the fact without ever seeing the contents.

  • May 14, 2026

    Jusan Refused Ex-Exec's Payment Over Embezzlement Claims

    A former executive at investment holding company Jusan Technologies Ltd. won his whistleblowing case on Thursday after a tribunal found that the British company withheld money he was due after he raised concerns about embezzlement.

  • May 13, 2026

    Crispin Odey Settles Several Women's Sex Assault Claims

    Crispin Odey has settled sexual assault claims brought against him by several women, a month after he dropped his £79 million ($107 million) libel claim against the Financial Times over articles which brought the allegations to public attention.

  • May 13, 2026

    UK Gov't Plans Bills For Closer EU Links, Financial Reforms

    New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.

  • May 13, 2026

    HMRC Warns Against New Fraud Trend

    A growing number of taxpayers are falling for scammers promoting bills of exchange as a means of paying off a tax liability, Britain's tax authority warned Wednesday.

  • May 13, 2026

    Suspect Arrested In €18M Electronics VAT Fraud Scheme

    European prosecutors said Wednesday that German authorities arrested one suspect and carried out a series of raids in an investigation into an alleged €18 million ($21 million) value-added tax carousel fraud involving the cross-border sale of small electronics.

  • May 13, 2026

    Diamond Tycoon Denies Family Ran Firms In $1B Gold Fraud

    A diamond and jewelry tycoon accused of swindling more than $1 billion from banks has denied controlling various businesses that carried out the Indian gold bullion fraud, as he testified on Wednesday at the trial brought by the liquidators of U.K. companies.

  • May 13, 2026

    Chubb, Fidelis Lose Russian Aircraft Contribution Claim Bid

    A High Court judge on Wednesday blocked an attempt by insurers Chubb and Fidelis to claim contributions from a group of underwriters for their liability to aircraft lessors for planes stranded in Russia after the invasion of Ukraine.

  • May 12, 2026

    MFS Owner Accused Of 'Plundering' £1.3B For Lavish Lifestyle

    The administrators of Market Financial Solutions have accused the collapsed lender's owner of systematically plundering £1.3 billion ($1.8 billion) in a "widescale" fraud to fund his "lavish lifestyle."

  • May 12, 2026

    Deutsche Bank Can Question Billionaire In $360M Debt Fight

    Deutsche Bank can seek to force Monaco-based billionaire Alexander Vik to answer questions about his company's assets to help claw back debt exceeding $360 million, after a London appeals court ruled Tuesday it does have the power to issue such an order.

  • May 12, 2026

    VTB Can't Lift Block On $156M JPMorgan Russian Funds Case

    VTB Bank has lost its bid to lift an injunction that blocks it from bringing a $156 million case against JPMorgan in Russia over frozen funds, with a London appeals court upholding a ruling that the claim was "vexatious and oppressive."

  • May 12, 2026

    New Liability Rules Put Businesses In Uncharted Territory

    New powers that put companies on the chopping block for crimes committed by their executives dramatically expand corporate liability to include a wider array of offenses, which businesses already struggling with "compliance fatigue" have barely begun to grapple with, lawyers say.

Expert Analysis

  • 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.

  • Decoding Arbitral Disputes: Arbitrator's Conviction Upheld

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    The Supreme Court of Spain recently upheld the criminal conviction of arbitrator Gonzalo Stampa for grave disobedience to judicial authority, rejecting the proposition that an arbitrator's independence can prevail over a court order retroactively disabling the very judicial act conferring arbitral jurisdiction, says Josep Galvez at 4-5 Gray's Inn.

  • Reviewing EU Competition Policy 1 Year After Draghi's Report

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    Implementation of the Mario Draghi report’s proposals to revamp European Union competition policy is currently case-specific, making it less visible, and more needs to be done in the way of merger review and antitrust enforcement, say lawyers at Linklaters.

  • 5 Ways To Address The Legal Risks Of Employee AI Use

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    Employees’ use of unauthorized artificial intelligence tools has become a regulatory issue, and in-house legal counsel are best placed to close the gap between governance controls and innovation, mitigating the risk of organizations' exposure to noncompliance with European Union and U.K. data protection requirements, say lawyers at MoFo.

  • Opinion

    New US-UK Tech Deal Offers Opportunities To Boost Growth

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    The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.

  • What Draft AML Reforms Mean For UK Financial Sector

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    HM Treasury’s recently published draft regulations amending the U.K. Money Laundering Regulations, although not as material as expected, are a step toward a targeted risk-based approach, which the industry will welcome, say lawyers at Ropes & Gray.

  • What Key EU Data Ruling Means For Cross-Border Transfers

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    The European Union Court of Justice’s recent judgment in European Data Protection Supervisor v. Single Resolution Board takes a recipient-specific approach concerning pseudonymized information, but financial services firms making international transfers should follow the draft EU Data Protection Board guidelines’ current stricter approach, says Nathalie Moreno at Kennedys Law.

  • EU-US Data Transfer Ruling Offers Reassurance To Cos.

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    The European Union General Court’s recent upholding of the EU-U.S. Data Privacy Framework in Latombe v. European Commission, although subject to appeal, provides companies with legal certainty for the first time by allowing the transfer of European Economic Area personal data without relying on alternative mechanisms, say lawyers at Wilson Sonsini.

  • Supreme Court Ruling Stands Firm On Trust Law Principles

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    The U.K. Supreme Court’s recent strict application of trust law in Stevens v. Hotel Portfolio may render it more difficult for lawyers in future cases to make arguments based on a holistic assessment of the facts, says Olivia Retter at Quinn Emanuel.

  • FCA's Woodford Fine Sends Warning To Fund Managers

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    The Financial Conduct Authority’s recent decisions concerning Neil Woodford and the collapse of Woodford Investment Management mark an important moment for the U.K. investment industry, underscoring the regulator's focus on senior managers' personal accountability and the importance of putting investors’ interests at the heart of decision-making, say lawyers at Irwin Mitchell.

  • How Data Use Act Tightens Complaint Handling Procedures

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    Recently effective Data Use Act procedural requirements are coinciding with an artificial intelligence-driven increase in complaints from users about data subject access request responses, so organizations need to formalize their grievance process to prevent intervention by the Information Commissioner's Office and potential penalties, say lawyers at Womble Bond.

  • UK Supreme Court Dissent May Spark Sanctions Debate

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    While the recent U.K. Supreme Court's rejection of Eugene Shvidler’s appeal determined that sanctions decisions are primarily the government’s preserve, Justice Leggatt’s dissenting view that judges are better placed to assess proportionality will cause ripples and may mark a material shift in how future appeals are approached, say lawyers at Seladore.

  • What EBA Report Means For Non-EU Financial Firms

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    In a recent report concerning unregulated third country banks, the European Banking Authority decided not to extend a bank-to-bank exemption under the Capital Requirements Directive, raising a number of compliance issues for cross-border services, say lawyers at A&O Shearman.

  • HMRC's Automation Shift Likely To Alter Tax Adviser Role

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    HM Revenue & Customs’ recently released digital transformation road map promises greater efficiency and a modernized compliance regime, but the increased automation could also mean that the tax adviser role will become more proactive and more defensive, say lawyers at RPC.

  • What UK's New Prosecution Guidance Means For Compliance

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    Recent guidance from the U.K.'s Serious Fraud Office and Crown Prosecution Service, aligning their approach with the Economic Crime and Corporate Transparency Act, offers a timely prompt for corporate boards and legal teams to update their risk management frameworks, say lawyers at Signature Litigation.

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