The use of artificial intelligence by wealth managers will amplify weak financial crime controls identified by the Financial Conduct Authority and increase the threat of crime, lawyers warned.
Landmark reforms that hand prosecutors powerful new artificial intelligence tools could ease the disclosure burdens on investigators in economic crime cases but will likely also shift the battlelines with defense lawyers, experts say.
Novel plans to hold online platforms criminally liable for fraudsters who exploit their operations could shake up corporate culture at some of the world's biggest companies — if the policy proposal was not likely to end up in the long grass, lawyers say.
Lawyers warn that a proposal from the government to require employers to consult on how they use workplace monitoring technology would lead to disputes with workers and their unions — but any lesser reform won't improve workers' rights as employers seek to avoid scrutiny of their methods.
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The use of artificial intelligence by wealth managers will amplify weak financial crime controls identified by the Financial Conduct Authority and increase the threat of crime, lawyers warned.
Landmark reforms that hand prosecutors powerful new artificial intelligence tools could ease the disclosure burdens on investigators in economic crime cases but will likely also shift the battlelines with defense lawyers, experts say.
Novel plans to hold online platforms criminally liable for fraudsters who exploit their operations could shake up corporate culture at some of the world's biggest companies — if the policy proposal was not likely to end up in the long grass, lawyers say.
Lawyers warn that a proposal from the government to require employers to consult on how they use workplace monitoring technology would lead to disputes with workers and their unions — but any lesser reform won't improve workers' rights as employers seek to avoid scrutiny of their methods.
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August 25, 2026
A former employee of the Financial Conduct Authority who was dismissed for gross misconduct urged a London court Tuesday to allow him to bring a challenge against a specialist tribunal's decision to deny him the chance to sue his former employer for surveilling him.
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August 25, 2026
The liquidators of a payroll services business persuaded a court on Tuesday to allow them to bring fresh contempt allegations against the company's former director, who allegedly used a forged medical report in order to adjourn an earlier contempt hearing.
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August 25, 2026
A solicitor struck off for dishonesty and practicing without valid insurance failed Tuesday in his bid to return to the profession, after a tribunal reasoned that he had not demonstrated sufficient rehabilitation or exceptional circumstances warranting his restoration to the roll.
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August 25, 2026
Aircraft manufacturer Melrose said Tuesday it has launched a compensation program worth up to $100 million in California following a toxic chemical scare that halved a plant's output and forced the evacuation of residents and businesses.
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August 24, 2026
The Employment Appeal Tribunal has ruled that a hotel staffer fired after 18 days on the job should get another chance at being paid while he pursues his whistleblowing claim, and the court endorsed new guidance setting a "high bar" for success for a growing number of interim relief applications.
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August 24, 2026
Fraud is a "systemic threat" to financial institutions and must be addressed by governments worldwide to crack international criminal networks, the president of the Financial Action Task Force said Monday.
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August 24, 2026
Big tech companies must pull their weight to stop fraudsters by adopting a more "proactive" approach toward preventing their platforms from being exploited, the Financial Conduct Authority said Monday.
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August 24, 2026
Nine Lloyd's insurers are trying to avoid covering the criminal defense costs of two former Petrofac executives ahead of their bribery trial in October, arguing that the executives failed to disclose matters relating to their alleged offenses as part of their directors' and officers' insurance.
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August 24, 2026
The Serious Fraud Office will track down illicit money stolen by fraudsters "for as long as it takes" after their conviction to help ensure that crime does not pay, the agency's legal chief said Monday.
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August 21, 2026
A U.K. appeals court backed HM Revenue & Customs' denial of an information technology company's nearly £1.7 million ($2.3 million) value-added tax deduction, holding Friday that the company's consultant should have recognized fraudulent VAT evasion elsewhere in related supply chains.
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August 21, 2026
A Virgin Islands-based investor has sued a British artificial intelligence medical imaging company for allegedly excluding its appointed observer from board meetings and withholding documents that would allow the investor to monitor its $4 million investment.
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August 21, 2026
A London judge ordered Prince Harry and other celebrities Friday to pay the publisher of the Daily Mail more than £9.5 million ($12.9 million) toward its costs in their unsuccessful privacy case, though the final figure could be much higher.
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August 21, 2026
A former waste disposal boss has been banned from being a director for almost a decade, after a court ruled he stripped millions of pounds from his business.
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August 21, 2026
The former head chef at a Young's country pub has lost his claim that he was constructively dismissed after raising concerns over safety and food hygiene.
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August 21, 2026
The past week in London has seen former Liberal Democrat MP Mark Oaten sue a fur auction house, private equity and pensions magnate Edmund Truell hit by a commercial fraud claim and Charles Russell Speechlys file a contract claim against two of its previous clients in the Middle East.
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August 20, 2026
The Federal Reserve has terminated a 2017 enforcement action that required Deutsche Bank to pay nearly $137 million over its alleged role in Wall Street's foreign exchange rate-rigging scandals.
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August 20, 2026
HM Revenue & Customs is resuming the issuance of late-filing penalties for corporation tax after pausing the system to incorporate higher rates, the tax authority said Thursday.
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August 20, 2026
A British business director could face a $6 million fraud claim after a London judge ruled Thursday that he must disclose records from his investment business to the family behind an international textile company.
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August 20, 2026
The Financial Conduct Authority warned Thursday about the dangers of investing in high-risk loan notes and mini-bonds following the collapse of litigation funder Woodville Consultants Ltd.
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August 20, 2026
A former manager at a northeast England law firm has been struck off after the firm was shut down by the Solicitors Regulation Authority in 2023, with approximately £451,000 ($615,000) of client money missing because of improper transfers from its client account.
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August 20, 2026
Two investment firm partners are being sued by a client who claims they ran a £55 million ($75 million) fraud at their new business, more than a decade after they were banned from working for regulated financial services companies.
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August 20, 2026
The Gambling Commission said Thursday it has fined the operator of an online gambling site more than £609,000 ($832,000) as part of a settlement after finding failures in its anti-money laundering and social responsibility controls.
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August 19, 2026
Apple has made several changes to its policies for app distribution in Europe, after enforcers found restrictions and fees were blocking competition from App Store alternatives and outside payments methods.
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August 19, 2026
A Scottish businesswoman found liable for a £1.49 million ($2 million) tax penalty over undeclared metal trading has lost her bid to blame an unknown fraudster after an Edinburgh tribunal ruled she didn't prove her company's identity was stolen.
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August 19, 2026
An embattled English council has branded as a baseless "late invention" a business executive's claim that he was entitled to take a £15 million ($20.4 million) fee from the council's solar investments, amid the council suing him for £150 million in failed investments.