Although the Serious Fraud Office's settlement with ENRC closes an uncomfortable chapter that the agency insists cannot recur, lawyers say its real test is whether it can stop the weaknesses exposed by the scandal from returning again.
Financial Conduct Authority rules on non-financial misconduct, which take effect on Tuesday, could unfairly jeopardize careers as 37,000 non-banking finance businesses face a double whammy of wider enforcement risk and excessive caution showing through in hiring decisions and references, lawyers warned.
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The U.K.'s top appeal courts have handed down a series of significant judgments in 2026, reshaping the tax treatment of members of LLPs, the management of mass consumer claims and the rules governing who can conduct litigation.
The Serious Fraud Office has seen a mixed first half of the year with the collapse of its prosecution of London Mining softened by its first deferred prosecution agreement in several years.
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Although the Serious Fraud Office's settlement with ENRC closes an uncomfortable chapter that the agency insists cannot recur, lawyers say its real test is whether it can stop the weaknesses exposed by the scandal from returning again.
Financial Conduct Authority rules on non-financial misconduct, which take effect on Tuesday, could unfairly jeopardize careers as 37,000 non-banking finance businesses face a double whammy of wider enforcement risk and excessive caution showing through in hiring decisions and references, lawyers warned.
The U.K.'s top appeal courts have handed down a series of significant judgments in 2026, reshaping the tax treatment of members of LLPs, the management of mass consumer claims and the rules governing who can conduct litigation.
The Serious Fraud Office has seen a mixed first half of the year with the collapse of its prosecution of London Mining softened by its first deferred prosecution agreement in several years.
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September 04, 2026
An employee at a global payments platform who claimed she was fired for blowing the whistle on improper practices, including misleading HM Revenue and Customs, had indeed made a number of protected disclosures, a tribunal ruled Friday.
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September 04, 2026
A Dubai-based company has won proceeds from the $200 million liquidation of Russian gold miner Petropavlovsk PLC when a London judge ruled Friday this would not breach sanctions legislation.
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September 04, 2026
A London court has sentenced a man to 4.5 years in prison after he fraudulently claimed more than £300,000 ($405,700) in a string of fake travel medical claims, a division of City of London Police said Friday.
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September 04, 2026
The Financial Conduct Authority proposed Friday to defer some rules for its new crypto regime to prevent disruptions to crypto-assets that are already available to retail investors.
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September 04, 2026
Barclays failed Friday to strike out a £37.8 million ($51 million) claim by the liquidators of Denaro (UK) Ltd., which alleges that the bank failed to protect it from payments linked to a Ponzi scheme run by Denaro's directors.
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September 04, 2026
The past week in London has seen institutional investors file new claims against British American Tobacco and Entain, Jellycat sue multiple British retailers in the patent court, and Shoosmiths LLP targeted in a claim by a property developer.
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September 04, 2026
The founders of production company Pulse Films, now owned by Vice Media, have failed to force former Vice executives to disclose documents about the media giant's financial troubles ahead of a potential $20 million fraud claim.
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September 04, 2026
A tribunal has awarded £27,100 ($36,700) to a security guard at a 16th-century manor in southern England who stopped receiving his wages when the U.K. government froze the assets of the property's Russian owner.
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September 03, 2026
The Financial Conduct Authority said Thursday that it has provisionally fined and banned an adviser from working in financial services for "recklessly" giving unauthorized pension transfer advice to dozens of clients.
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September 03, 2026
Betting giant Entain has been hit with another claim by institutional investors after paying £615 million ($833 million) to settle an investigation into its alleged failure to prevent bribery by its operations in Turkey.
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September 03, 2026
The business secretary warned U.K. employers on Thursday that underpaying staff "isn't a shortcut to success" as the new Fair Work Agency fines a growing number of organizations for failing to pay staff the minimum wage.
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September 03, 2026
A group of investors has sued British American Tobacco, adding to two separate group claims the cigarette company is facing after it failed to disclose information about its North Korean activities, resulting in it paying hundreds of millions of dollars in penalties.
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September 03, 2026
Three former company directors were imprisoned for a total of more than 15 years on Thursday for fraudulently plundering investors' money from a £70 million ($94 million) tree plantation investment scheme.
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September 02, 2026
Three former directors defrauded thousands of victims out of £70 million ($94.4 million) through a tree plantation investment scheme to finance their luxurious lifestyles, a prosecutor for the Serious Fraud Office said at a sentencing hearing in London on Wednesday.
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September 02, 2026
The Financial Conduct Authority warned Wednesday that frontier artificial intelligence is discovering vulnerabilities faster than regulated companies can respond, exposing risks that need information-sharing and coordinated engagement with suppliers.
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September 02, 2026
Administrators of a financial intermediary linked to the collapsed Market Financial Solutions have sued MFS' former director Paresh Raja for £242 million ($327 million), alleging that he funneled the money to companies he owned and controlled.
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September 02, 2026
The Financial Conduct Authority's new rulebook on non-financial misconduct for 37,000 asset managers, insurers and other non-banking companies that took effect on Tuesday has raised new uncertainties and risks.
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September 02, 2026
Britain's sanctions watchdog said Wednesday that it has fined Citibank £4.7 million ($6.35 million) for processing almost 1,000 transactions over a span of three years despite financial restrictions imposed on Russia.
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September 02, 2026
The Serious Fraud Office, Dechert LLP and Eurasian Natural Resources Corp. reached an out-of-court settlement on Wednesday, ending a long-running $290 million claim that accused the agency of mishandling a criminal investigation.
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September 01, 2026
A shipping businessman accused of evading U.S. sanctions to buy vessels for a multibillion-dollar Iranian oil network defeated prosecutors' bid Tuesday to overturn a London judge's decision granting him bail while he fights extradition on fraud charges.
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September 01, 2026
A London judge has found that a purported fraudster funneled an insolvent property development company's funds through a company registered to his wife while apparently subject to a £29.7 million ($40.2 million) criminal court order.
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September 01, 2026
A global stability standards setter has warned major economies that frontier artificial intelligence models pose the most immediate AI-related threat to the financial system.
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September 01, 2026
The government has announced a series of measures designed to strengthen sanctions enforcement, including a doubling of the maximum penalty available to the Office for Financial Sanctions Implementation for breaches.
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September 01, 2026
A man has been sentenced to three years and eight months in prison after he was convicted of using sophisticated technology to send fraudulent text messages directly to members of the public, City of London Police said Tuesday.
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August 31, 2026
Four investors and their pension plans owe $476 million for their role in a tax fraud scheme against the Danish government, the Second Circuit affirmed Monday, rejecting the investors' contention that they are beyond the reach of Danish revenue collectors.