Corporate Crime & Compliance UK

  • April 30, 2025

    Lender Says Company Owner Gifted Biz To Son To Evade Debt

    A finance provider has sued a businessman for allegedly gifting a company to his son the day after the lender had demanded payment of more than £4.7 million ($6.3 million) under a loan guarantee.

  • April 30, 2025

    Pro Darts Player Hit With 11-Year Ban For Match Fixing

    A professional darts player has been hit with an 11-year competition ban and ordered to pay almost £18,000 ($24,000) after the sport's watchdog found him guilty of fixing a dozen matches.

  • April 30, 2025

    Axiom Ince Execs Deny Fraud Charges Over Firm's Collapse

    Five former senior figures at Axiom Ince denied allegations on Wednesday that they had defrauded clients and covered up their wrongdoing during a regulatory probe into the law firm, which collapsed with a hole of more than £60 million ($80.1 million) in its client accounts.

  • April 30, 2025

    Israeli PI Can Be Extradited Over Alleged Exxon Hacking Plot

     An Israeli private investigator accused of hacking activists to help ExxonMobil undermine climate-change litigation can be extradited to the U.S. after a London judge rejected claims that his prosecution was politically motivated.

  • April 29, 2025

    EU Top Court OKs Polish Property Tax Break For Railway

    The Polish government may grant a property tax exemption to a private railway owner to make part of the railway available to carriers without breaking European Union law on state aid, the EU's top court ruled Tuesday.

  • April 29, 2025

    Gov't Cracks Down On Crime With UK Cryptocurrency Rules

    HM Treasury unveiled new regulations for crypto-exchanges on Tuesday, which it said would protect the growing number of adults who are investing ​in risky assets, while encouraging innovation in the sector.

  • April 29, 2025

    CCRC Execs Defend Roles Amid Criticism Over Failures

    Executives who head the body that investigates miscarriages of justice said Tuesday that they are still the "right people" for the job as they were grilled by MPs over damning findings about the mishandling of historic convictions.

  • April 29, 2025

    Ex-Russells Partner Denies Role In Alleged Share Sale Plot

    Russells Solicitors and a former partner have denied being part of an alleged plot to hide plans for a $40 million takeover of a celebrity intellectual property licensing company to get a former director to sell his shares cheaply.

  • April 29, 2025

    UK Treasury Appoints 4 New FCA Board Members

    HM Treasury said Tuesday it has appointed four new members to the board of the Financial Conduct Authority.

  • April 29, 2025

    FCA Set To Get Enforcement Boost From New Fraud Offense

    The new "failure to prevent" fraud offense that comes into force in September will indirectly boost the Financial Conduct Authority's opportunities for enforcement against corporate senior managers, countering its recent retreat from plans to "name and shame" companies it is investigating, lawyers say. 

  • April 29, 2025

    EU Prosecutors Accuse Audit Body Of Blocking Fraud Probe

    European Union prosecutors have sued the European Court of Auditors for blocking a request for several of the court's members of staff to testify in a criminal investigation launched in the wake of allegations of fraud at the top of the audit institution.

  • April 28, 2025

    UK Seeks Input On Replacing Diverted Profits Tax

    The U.K. government is holding a consultation on plans to replace the country's diverted profits tax by changing corporation tax and transfer pricing rules, HM Revenue & Customs said Monday.

  • April 28, 2025

    UK Targets Fake Immigration Lawyers With £15K Fines

    Fake lawyers fraudulently posing as immigration advisers will face fines of up to £15,000 ($20,100) under new powers to toughen up the U.K.'s asylum system against rogue law firms, the Home Office has said.

  • April 28, 2025

    Construction Bribery Ring Professionals Get 12.5 Yrs In Prison

    A judge sentenced a demolition company chief and three construction site managers to a combined 12-and-a-half years in prison on Monday after the boss was found guilty of giving kickbacks to the managers in exchange for them subcontracting his staff.

  • April 28, 2025

    SFO Spent £4.7M On Abandoned Rio Tinto Corruption Probe

    The Serious Fraud Office spent nearly £4.7 million ($6.28 million) investigating allegations Anglo-Australian miner Rio Tinto entered into corrupt contracts in Africa before shutting down the probe in 2023, the agency has revealed.

  • April 28, 2025

    Watchdog Warns Of Significant Errors In Digital Reporting

    The accounting watchdog warned Monday that some companies listed on the London Stock Exchange are making significant errors in their digital annual reports through incorrect tagging.

  • April 28, 2025

    Court Compels Disclosure In £500K Phone Crypto-Theft Case

    The victim of a phone-snatching in London has secured a court order compelling four companies offering digital asset exchange services to disclose documents tied to an alleged fraud perpetrated against them after £500,000 ($667,000) in cryptocurrency was drained from his account.

  • April 25, 2025

    Belgian Data Watchdog Blocks FATCA Transfers To US

    Belgium's data privacy watchdog ruled that a government agency's transfers of personal data to the U.S. tax authority as part of the Foreign Account Tax Compliance Act is prohibited under European law.

  • April 25, 2025

    Deripaska Sues To Uncover Source Of Allegedly Forged Report

    A Russian oligarch has asked a London court to order a business intelligence company to divulge the source of an allegedly forged report used to back up a former business partner's bid to challenge a $95 million arbitration award.

  • April 25, 2025

    Nightclub Owner And Accountant Guilty Of £4.9M Tax Fraud

    A court has convicted a nightclub owner and his accountant of evading £4.9 million ($6.5 million) in tax, with the venue boss spending the money on luxury cars and a yacht, the U.K. tax authority said Friday.

  • April 25, 2025

    Tycoon's Son Loses Challenge To £3M Howard Kennedy Bill

    The son of a diamond tycoon accused of swindling $1 billion from banks lost his bid for a court-ordered review of his legal bills from Howard Kennedy on Friday as the High Court said he knew of the climbing costs linked to his international fraud case.

  • April 25, 2025

    UK Law, Accounting Bodies Queried On Poor SAR Records

    The anti-money laundering unit of the Financial Conduct Authority has told legal and accounting professional bodies to justify their failure to check the quality of suspicious activity reports by their member firms.

  • April 25, 2025

    Fess Up, Or Wait And See? SFO Policy Shift Stirs DPA Debate

    The Serious Fraud Office's "cast iron" promise that companies self-reporting wrongdoing will duck prosecution could lead to a new wave of settlements — but only if other controversial reforms push businesses to the negotiation table, lawyers say.

  • April 25, 2025

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

    This past week in London has seen pub operator Stonegate sue insurance broker Marsh, a human rights lawyer sued for defamation by Russian businessman Ovik Mkrtchyan, and British toy-maker The Character Group reignite an employment dispute with a former finance director. Here, Law360 looks at these and other new claims in the U.K.

  • April 24, 2025

    Ofcom Unveils Final Child Safety Rules For Tech Cos.

    The U.K. communications regulator finalized new rules Thursday to protect children's safety online, compelling technology companies to introduce "highly effective" age checks or face fines or nationwide bans.

Expert Analysis

  • EU Report May Influence Regulation Of Decentralized Finance

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    The European supervisory authorities’ recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.

  • EU Paper Urges Data Protection And Competition Law Unity

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    A recent European Data Protection Board position paper calls for closer cooperation among data protection and competition authorities, and provides valuable insight for businesses seeking to ensure compliance across an increasingly complex regulatory landscape, say lawyers at Paul Weiss.

  • 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.

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