Corporate Crime & Compliance UK

  • May 18, 2026

    NCA Defeats Sex Bias Claims Over Advisers' Overtime

    A tribunal has ruled that the National Crime Agency did not discriminate against a team of female advisers by forcing them to work unpaid overtime, concluding that the male colleague who avoided the extra work was in a different situation.

  • May 18, 2026

    HMRC Says Scottish Power Owes Tax On £28M Redress

    HM Revenue and Customs told the U.K. Supreme Court Monday that ScottishPower can't dodge paying tax on just over £28 million ($38 million) in redress payments that the energy company made after being investigated for regulatory failures.

  • May 18, 2026

    ENRC Seeks 'Tender' Approach To Costs In $290M SFO Trial

    Kazakh miner ENRC urged a London judge on Monday to "adopt a tender approach" to decide how much compensation it should receive from the Serious Fraud Office and Dechert LLP after the agency's botched bribery and corruption probe.

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government said Monday it will radically overhaul the consumer credit regime, arguing that the 50-year-old rules are outdated and too complex, amid lingering concerns the reforms could weaken protections for borrowers.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

Expert Analysis

  • Court Backlog Could Alter Work Safety Enforcement Priorities

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    While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.

  • New CMA Powers Will Change Consumer Protection Regime

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    The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.

  • What To Note In EU Tech Transfer Agreements Consultation

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    Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.

  • UK Refusal Of US Extradition Request May Set New Standard

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    The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.

  • Insights On ESMA's Alternative Investment Fund Consultation

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    Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.

  • How UK Supreme Court May Assess Russia Sanctions Cases

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    In two recent U.K. Supreme Court cases challenging the U.K. Russia sanctions regime, the forthcoming judgments are likely to focus on proportionality and European Convention on Human Rights compatibility, and will undoubtedly influence how future challenges are shaped, says Leigh Crestohl at Zaiwalla.

  • Roundup

    Practice Leader Insights

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    Practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area in this Expert Analysis series.

  • How EU Digital Act Could Shape UK Technology Disputes

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    Noncompliance with the recently effective European Union Digital Operational Resilience Act will add layers of complexity to disputes and litigation for U.K.-based firms servicing EU entities, but international standards may serve as a bridge between jurisdictional and contractual misalignments, says Siobhan Forster at Alvarez & Marsal.

  • Key Findings From EU Report On Antitrust Remedies

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    Although the European Commission’s recent report assessing the effectiveness of its antitrust policy on behavioral remedies is not binding, it may influence future cases and promote coherence, providing useful insights for national competition authorities and courts when considering remedies in their own jurisdictions, say lawyers at Paul Weiss.

  • How Foreign Cos. Should Prep For New UK Fraud Law

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    As the U.K. prepares to hold companies criminally liable for failing to prevent fraudulent acts of their associates, U.S. and global companies should review their compliance measures against the broad language of this new offense, which could permit prosecution of acts committed entirely abroad, say attorneys at Latham & Watkins.

  • Opinion

    EU's AI Code Of Practice Creates Risk Of Regulatory Clashes

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    The second draft of the European Commission's Artificial Intelligence Code of Practice significantly expands beyond the European Union's existing legal framework for AI — especially around copyright protection, public transparency and reporting obligations — and risks interfering with other EU laws by introducing requirements contrary to existing regulations, say lawyers at MoFo.

  • Ruling In SFO Case Shows How Contract Rules Apply To DPAs

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    The Court of Appeal’s recent decision upholding the Serious Fraud Office's first-ever attempt to enforce an expired deferred prosecution agreement illustrates that the courts' approach to DPAs is governed by the rules of contract, and that the intention of the parties at the time of agreement is critical to contract interpretation, say lawyers at Simmons & Simmons.

  • What To Know About Compliance As EU AI Act Takes Effect

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    Raj Shah at Mishcon de Reya explains how recently effective provisions of the European Union Artificial Intelligence Act, which concern prohibited AI practices and AI literacy, will affect both providers and users of AI systems, and suggests steps that companies can take now to plug any compliance gaps.

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