Corporate Crime & Compliance UK

  • April 17, 2025

    FTC To Narrow Data Privacy Scope As Uncertainties Loom

    The Republican-led Federal Trade Commission is poised to pursue a data privacy agenda focused on established harms and statutory authorities rather than ambitious rulemaking, although the recent firing of two commissioners casts doubt on the long-term viability of these actions and the future of a crucial transatlantic data transfer pact.

  • April 17, 2025

    Israeli Makes Final Bid To Block US Hacking Extradition

    Lawyers for an Israeli private investigator fighting extradition to face hacking charges in the U.S. urged a London judge Friday to reject diplomatic assurances about conditions at a New York prison, saying that violence was "endemic" there.

  • April 17, 2025

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

    The past week in London has seen the producers of West End show "Elf the Musical" face a contract dispute, Korean biotech company ToolGen Inc. bring a fresh patents claim against pharma giant Vertex, and ousted car tycoon Peter Waddell bring a claim against the private equity firm that backed his business. Here, Law360 looks at these and other new claims in the U.K.

  • April 17, 2025

    Worker Wins 2nd Shot At Claim Over Vetting Concerns

    A systems designer can have a second shot at arguing that she wasn't hired by a digital services consultancy because she questioned its vetting practices, after an appeals tribunal said Thursday that she made whistleblowing claims.

  • April 17, 2025

    SFO Arrests Another Suspect In Timeshare Fraud Probe

    The Serious Fraud Office said Thursday that it has arrested another man in its ongoing investigation into an organized criminal group suspected of conning hundreds of people out of holiday timeshares through high-pressure sales tactics.

  • April 17, 2025

    SFO Charges UK Insurance Broker With Bribery In Ecuador

    The Serious Fraud Office said Thursday it has charged a Lloyd's of London broker with bribery, alleging that it failed to prevent a U.S.-based intermediary from making corrupt payments in Ecuador in order to secure contracts worth $38 million.

  • April 16, 2025

    Russia-Owned Lessor Denies Qatar Airways' $155M Jets Claim

    A Russian state-owned aircraft leasing company has fired back at a $155 million counterclaim in a dispute with Qatar Airways Group over aircraft that were grounded after Russia's invasion of Ukraine, denying that it caused the airline losses.

  • April 16, 2025

    Austrian Exec Can't Take Extradition Fight To UK Top Court

    An Austrian banker wanted in the U.S. over a major Brazilian corruption scandal could be extradited after a London judge blocked his path to appeal to the U.K.'s highest court, prosecutors said.

  • April 16, 2025

    FCA Proposes Data Reporting Cuts For 16,000 Firms

    The Financial Conduct Authority proposed Wednesday to remove unnecessary data reporting for firms, in an effort to support U.K. economic growth.

  • April 16, 2025

    NHS Practice Manager Gets 7-Year Ban For Pension Failings

    A former practice manager at an NHS surgery who did not pay more than £75,000 ($99,330) into the pension funds of staff has been banned from starting a new company for seven years over the failings, a government agency has said.

  • April 16, 2025

    Law Firm Fined For Failing To Shield Client Data From Hack

    The U.K. privacy watchdog said Wednesday that it has fined an English law firm £60,000 ($79,465) for failing to put in place proper measures to protect its clients' personal information after the firm suffered a cyberattack in 2022.

  • April 16, 2025

    Google Faces £5B UK Class Action Over Search Ads

    A group of U.K. businesses said Wednesday that they are suing Google for more than £5 billion ($6.6 billion), alleging that the technology giant has abused its monopoly in the search engine market by overcharging them for placement in its search results.

  • April 16, 2025

    Uber Hacker Fights For Freedom Over Evidence Ruling

    Lawyers for a man detained as a teenager for hacking companies including Uber and Rockstar Games urged an English appeals court to overturn the jury findings on Wednesday, arguing that his previous convictions should not have been admitted.

  • April 16, 2025

    EY Under Investigation Over UK Post Office Audits

    The accounting watchdog said Wednesday that it has started an investigation into Ernst & Young LLP as auditor of the Post Office over financial shortfalls registered by postmasters around the country.

  • April 15, 2025

    7 Arrested In France In €3.4M Cross-Border VAT Fraud Case

    The European Public Prosecutor's Office arrested seven people suspected of carrying out a value-added tax fraud scheme involving what it called valuable vehicles that resulted in at least €3.4 million ($3.8 million) in tax losses, the EPPO said Tuesday. 

  • April 15, 2025

    Charity Worker Fights To Revive Fraud Whistleblowing Case

    An ex-offender turned charity worker fought on Tuesday to revive his case that a non-profit had him recalled to prison for voicing financial misconduct allegations about the charity's founder, a former Bank of Tokyo-Mitsubishi lawyer.

  • April 15, 2025

    Questions Linger On UK Sanctions Enforcement Despite Win

    British prosecutors recently won their first-ever case against a former politician for breaching Russian sanctions, but some experts question whether the authorities are picking simpler cases rather than prosecuting more complex, substantive breaches.

  • April 15, 2025

    Man Given 4 Years In Prison For Covid Loan Fraud

    A man was sentenced Tuesday to four years imprisonment at an English criminal court for defrauding £710,000 ($938,000) from a local authority in business support loans during the COVID-19 lockdowns, prosecutors said.

  • April 15, 2025

    EU Still Open To Zero-Tariff US Deal, Trade Chief Says

    The European Union remains open to a trade deal with the United States to reach zero tariffs on all goods between the country and the trade bloc, the EU trade commissioner said.

  • April 15, 2025

    Tribunal Judge Sanctioned Over Solicitor Restraint Incident

    A retired magistrate has been sanctioned for misconduct for allowing a duty solicitor who was denied re-entry to a court to return without going through security, which led to him being restrained by security staff.

  • April 15, 2025

    FCA Accuses Director Of £1M Investor Fraud Scheme

    The finance regulator said Tuesday that it was prosecuting the director of a trading advice company that it alleges made more than £1 million ($1.3 million) by misleading investors and operating an investment business without authorization.

  • April 15, 2025

    Ex-Fund Boss Loses Path To Fight $400M Ponzi Scheme Debt

    The top appeals court for U.K. overseas territories refused on Tuesday to prevent liquidators from chasing a former hedge fund manager for a $400 million debt linked to a financier convicted of running a multibillion-dollar Ponzi scheme more than a decade ago.

  • April 14, 2025

    HMRC Lays Out Info Exchange Noncompliance Penalties

    HM Revenue & Customs on Monday established the penalty structure for financial institutions that fail to comply with the U.K.'s regulations on automatic exchange of information, including monetary penalties for late filing and inaccurate reports.

  • April 14, 2025

    Ex-BGC Tax Adviser Admits Contempt In £23M Fraud Case

    A former BGC Partners employee faces a potential jail sentence after admitting before a London judge Monday that he breached restrictions the court imposed after he committed a £23.5 million ($30.9 million) fraud against a subsidiary.

  • April 14, 2025

    Credit Suisse Ignored Greensill Risks, Softbank Tells Court

    Softbank told the High Court Monday that Credit Suisse executives had "accepted the risks" that investors might not be paid at the time they agreed to cancel a trade with Greensill Capital in the lead-up to the finance firm's collapse.

Expert Analysis

  • What Can Be Learned From CMA's Green Claims Investigation

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    The Competition and Markets Authority's recent investigation into retailers' allegedly misleading environmental claims demonstrates that all consumer-facing businesses must exercise caution and ensure their green credentials are genuine, say Charlotte Kong and Stephen Sidkin at Fox Williams.

  • The Art Of Corporate Apologies: Crafting An Effective Strategy

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    Public relations challenges often stop companies from apologizing amid alleged wrongdoing, but a recent U.K. government consultation seeks to make this easier, highlighting the importance of corporate apologies and measures to help companies balance the benefits against the potential legal ramifications, says Dina Hudson at Byfield Consultancy.

  • AI Tools Could Enhance UK Gov't Public Services Strategy

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    The government’s recently announced intention to pilot artificial intelligence tools in routine policy work is part of a wider strategy to revolutionize the delivery of public services, and could improve productivity and create efficiencies, provided it is mindful of the potential risks involved, say attorneys at Akin.

  • 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.

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