Corporate Crime & Compliance UK

  • April 13, 2026

    Ex-Oil Minister Says She's A Scapegoat In Bribery Case

    A former Nigerian government minister has denied accepting lavish bribes from oil executives, testifying at her criminal trial on Monday that she has been scapegoated by opposition political forces after a transition in power. 

  • April 13, 2026

    Swedish Bank Scam Suspect Extradited From US

    A man accused of running a plot to defraud victims out of €6 million ($7 million) by posing as a bank employee has been extradited to Sweden from the U.S., the European Union's crime fighting agency has said.

  • April 13, 2026

    Crispin Odey Drops £79M FT Sexual Misconduct Libel Case

    Crispin Odey has dropped his £79 million ($106 million) libel claim against the Financial Times over a series of articles about allegations of sexual misconduct against the hedge-fund founder, the newspaper has said.

  • April 10, 2026

    EU Probing Czech Cos. Over Suspected €113M VAT Evasion

    Authorities in Slovakia have conducted searches connected to an investigation of Czech companies suspected of evading €113.3 million ($133 million) in value-added taxes, the European Public Prosecutor's Office said Friday.

  • April 10, 2026

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

    The past week in London has seen the owner of an oil tanker stuck in the Strait of Hormuz sued by an energy company and an insurer, law firm Boodle Hatfield LLP and two Serle Court barristers sued by a group of Winston Churchill's great-grandchildren, and Welsh Water hit with a fresh class action over polluted rivers.

  • April 10, 2026

    Pilot Demoted For Filming Flight Wins Dismissal Case

    A helicopter pilot has convinced a tribunal that the company forced him to quit after it demoted him over a video he filmed during a flight, relegating him from captain to co-pilot without any guarantee that he would get his job back. 

  • April 10, 2026

    FCA Warns Asset Managers On Conflicts, Consumer Duty

    The Financial Conduct Authority has warned that some applicants for authorization as asset managers are failing to manage conflicts of interest or to demonstrate they adequately apply its Consumer Duty regime.

  • April 10, 2026

    Law Firm Can't Cut Fine Over Client Account AML Failures

    A disciplinary tribunal has upheld a fine of £68,000 ($91,400) for anti-money laundering failures against a law firm that used its client bank account to move $23 million for a Russian customer, concluding that the penalty fell within the range of possible sanctions.

  • April 10, 2026

    NCA-Led Approval Phishing Sting Freezes $12M

    The National Crime Agency has said that more than $12 million was frozen and more than 20,000 victims were identified in a cross-border exercise targeting a form of cryptocurrency and investment fraud.

  • April 09, 2026

    Fed Ends Crédit Agricole, Goldman Enforcement Orders

    The Federal Reserve said Thursday that it has closed out another batch of longstanding enforcement actions against big banks, freeing Crédit Agricole, Goldman Sachs and Taiwan's Mega Bank from orders that date to at least 2018.

  • April 09, 2026

    Crypto CEO Fights Extradition On Human Rights Grounds

    The former chief executive of a crypto-asset company fought against extradition to the U.S. on fraud charges on Thursday, telling a London court that it would violate his human rights as he would be at an increased risk of suicide.

  • April 09, 2026

    PwC Faces Probe Over Audit Of Troubled Investment Firm

    The accounting watchdog said Thursday that it has opened an investigation into PwC's audit of the 2023 consolidated financial statements of investment company Digital 9 Infrastructure.

  • April 09, 2026

    FCA Finds Customer ID Gaps At Banks, Asset Managers

    The Financial Conduct Authority has found in a review that banks, asset managers and other financial institutions are failing to make proper background checks on customers to prevent crime.

  • April 09, 2026

    Ex-Trader Says Deutsche Bank Can't Block £12M Claim

    A former Deutsche Bank trader has hit back at the lender's counterclaim, denying that his conviction for tricking market competitors through a "spoofing" scheme voids his £12 million ($16 million) claim.

  • April 09, 2026

    Adviser Loses Challenge To FCA Ban Over Stalker Disruption

    A financial adviser has lost his challenge to a ban for failing to comply with regulatory requirements for six years, as a tribunal ruled that having to move house because of a stalker and suffering health problems did not excuse him.

  • April 09, 2026

    Ex-Fidelity Pro Can't Get Temp Pay In Whistleblowing Case

    Fidelity Investments does not need to pay or reinstate a member of staff while he waits for a judge to rule on his claims for unfair dismissal and whistleblowing detriment because the case was not sufficiently clear-cut, an employment tribunal has ruled.

  • April 09, 2026

    English Law Firm Fined £11,500 For AML Breaches

    The Solicitors Regulation Authority has fined a law firm £11,500 ($15,000) for breaching its anti-money laundering rules, criticizing it for historical failures dating back as far as 2011.

  • April 08, 2026

    BDO Denies Negligence Caused Collapse In £80M Audit Fight

    BDO has rejected an £80 million ($107 million) claim for negligence from a collapsed construction company which alleged that it had bungled an audit, saying the business would still have failed even if £43 million in losses had been uncovered earlier.

  • April 08, 2026

    Police Probe Ex-Meta Worker For Downloading 30,000 Images

    Meta said Wednesday that U.K. police are investigating one of its former software engineers over allegations he built a tool to sidestep internal safeguards and download tens of thousands of private images from Facebook.

  • April 08, 2026

    Ex-Olswang Pro Fined For Not Reporting Driving Convictions

    A disciplinary tribunal fined a former Olswang LLP solicitor £15,000 ($20,000) on Wednesday for failing to promptly report a series of drink-driving convictions to the Solicitors Regulation Authority.

  • April 08, 2026

    ENRC Battles SFO Investigator Over £1.8M Legal Costs

    A London judge ordered Serious Fraud Office investigator Antony Puddick on Wednesday to disclose details of his solicitors' retainer agreement in a £1.8 million ($2.4 million) costs dispute with Eurasian Natural Resources Corp. following the end of their legal fight. 

  • April 08, 2026

    Employers Flag Investment Risk Over Workers' Rights Act

    Employers are bracing themselves for sweeping reforms under the Employment Rights Act, as some believe that changes to rules on unfair dismissal and flexible working could make the country a less attractive destination for investment, according to findings by a law firm. 

  • April 07, 2026

    HMRC Clarifies Tax Relief For Investors Moving To UK

    Individuals who moved to the U.K. in recent years have until the end of January 2028 to file for tax relief under the foreign income and capital gains regime, Britain's tax authority said in new guidance Tuesday.

  • April 07, 2026

    Brothers Claim Signatures Were Forged In £5M Debt Case

    Two brothers accused of owing almost £5 million in outstanding payments on an investment loan have alleged their signatures were forged on loan agreements.

  • April 08, 2026

    CORRECTED: HMRC Takes On New Powers As Tax Dodge Measures Kick In

    HM Revenue and Customs has assumed new powers to tackle tax fraud and evasion as key parts of new legislation take effect, including tougher rules on construction industry schemes and penalties for promoters of tax avoidance arrangements. Correction: A previous version of this article misstated which HMRC reforms took effect on April 6. The error has been corrected.

Expert Analysis

  • What EU GPAI Compliance Code Will Mean For Developers

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    The European Union recently released a code of practice to guide compliance for general purpose artificial intelligence models, offering early adopters regulatory deference, but posing timing concerns and significant costs burdens that may discourage smaller developers, say lawyers at Perkins Coie.

  • How Top Court Ruling Limits Scope Of Motor Finance Claims

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    The U.K. Supreme Court’s recent ruling in a landmark case concerning car finance commissions clarifies when and how a dealership’s fiduciary duties arise, considerably narrowing that path for mass consumer litigation and highlighting how an upcoming Financial Conduct Authority redress scheme will seek to balance consumer, lender and market interests, say lawyers at Cadwalader.

  • FCA Misconduct Guide Will Expand Firms' Duty To Investigate

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    The Financial Conduct Authority's recent proposals on workplace nonfinancial misconduct will place a greater onus on compliance and investigations teams, clarifying that the question to ascertain is whether the behavior is justifiable and proportionate, say lawyers at Ashurst.

  • Lessons From Landmark UK Supreme Court Libor Ruling

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    The U.K. Supreme Court’s recent quashing of former traders Hayes and Palombo’s interest rate rigging convictions on the ground of jury misdirection raises concerns about failings in the criminal appeal process, and whether encouraging institutions to accept regulatory settlements can create conditions for miscarriages of justice, says Ellen Gallagher at Vardags.

  • The Int'l Compliance View: Everything Everywhere All At Once

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    Changes to the enforcement landscape in the U.S. and abroad shift the risks and incentives for global compliance programs, creating a race against the clock for companies to deploy investigative resources across worldwide operations, say attorneys at Dentons.

  • Why Leveson Review Is Significant For UK Court System

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    Brian Leveson’s recent review into the U.K. criminal justice system calls for judge-only trials in serious and complex fraud cases, a controversial recommendation that is sparking debate over the future of jury trials, says Louise Hodges at Kingsley Napley.

  • Challenges Law Firms Face In Recruiting Competitor Teams

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    Since the movement of lawyer teams from a competitor can bring legal considerations and commercial risks into play, both the target and recruiting firms should be familiar with the relevant limited liability partnership deed to protect their business, say lawyers at Fox & Partners.

  • 23andMe Fine Signals ICO's New GDPR Enforcement Focus

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    Many of the cybersecurity failures identified by the Information Commissioner’s Office in its investigation of 23andMe, recently resulting in a £2.3 million fine, were basic lapses, but the ICO's focus on several new U.K. General Data Protection Regulation considerations will likely carry into the future, say lawyers at Womble Bond.

  • What New UK Stub Equity Rules Will Mean For PE Bidders

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    The U.K. Takeover Panel’s recent guide to making stub equity offers, for the first time formally harmonizing the approach to be taken, should be helpful for both private equity bidders and practitioners, and not unduly restrictive, say lawyers at Davis Polk.

  • UK FDI Enforcement Continues, But Changes Are On The Way

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    With the U.K. government’s recent foreign direct investment investigation into Maple Armor’s increased shareholding in Fireblitz demonstrating the National Security and Investment Act’s wide scope, an announcement this month that certain transactions will no longer require mandatory notification represents a welcome simplification, says Matthew Hall at McGuireWoods.

  • What Cos. Must Note From EU's Delivery Hero-Glovo Ruling

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    The European Commission’s recent landmark decision in Delivery Hero-Glovo, sanctioning companies for the first time over a stand-alone no-poach cartel agreement, underscores the potential antitrust risks of horizontal cross-ownership between competitors, say lawyers at McDermott.

  • What To Expect As FCA Preps To Launch AI Testing Service

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    The Financial Conduct Authority’s forthcoming artificial intelligence live testing service will provide participants with access to appropriate regulatory expertise, but to gauge the tool’s potential utility, it is important to understand how it fits in with what the regulator is already doing, says Omar Salem at Fox Williams.

  • New Interpol Silver Notice Could Be Tool For Justice Or Abuse

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    Interpol has issued dozens of Silver Notices to trace and recover assets linked to criminal activity since January, and though the tool may disrupt organized crime and terrorist financing, attorneys must protect against the potential for corrupt misuse, say attorneys at Clark Hill and Arktouros.

  • Weighing PE Transaction Risks As EU AI Act Rolls Out

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    As the European Union Artificial Intelligence Act becomes effective in stages, legal practitioners involved in private equity deals should consider the transactional risks resulting from this measure, including penalties, extraterritorial reach and target-firm applicability, say lawyers at Covington.

  • Preparing For Literacy Compliance Under EU AI Act

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    The European Commission's recent Q&A on artificial intelligence literacy is designed to assist with European Union AI Act compliance, but since the law does not require a one-size-fits-all approach, organizations need to consider specific use cases and focus on implementing staff training, says Edward Machin at Ropes & Gray.

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