Corporate Crime & Compliance UK

  • June 11, 2026

    KC In £2M Evasion Case Defends 'Efficient' Tax Setup

    A senior barrister accused of cheating the public purse out of almost £2 million ($2.7 million) told a court Thursday that he had set up "tax-efficient" arrangements which "anyone with any sense would use."

  • June 11, 2026

    BancTrust CEO To Challenge FCA Fine Over Disclosure Lapse

    The chief executive of an investment bank will challenge a £99,600 ($133,000) fine for allegedly failing to disclose sanctions imposed by U.S. finance regulators and that Venezuelan authorities had frozen his bank accounts, the Financial Conduct Authority said Thursday.

  • June 11, 2026

    2 Men Guilty Of Selling Arms To Libya, Syria, S. Sudan

    Two men who "showed a blatant disregard for international sanctions" were convicted on Thursday of illegally selling arms and military equipment to war-torn countries in Africa and the Middle East, HM Revenue and Customs said.

  • June 11, 2026

    MFS Auditors Probed Following Mortgage Lender's Collapse

    The U.K.'s accounting watchdog opened an investigation on Thursday into the conduct of individuals and firms involved in auditing the books of failed mortgage lender Market Financial Solutions, whose collapse has sparked allegations of a £1.3 billion ($1.7 billion) fraud.

  • June 11, 2026

    Forex Co. Placed In Administration Over Client Money Gap

    The U.K.'s financial services regulator won an order on Thursday putting a currency exchange and international payment processing business into special administration over concerns about a suspected £2.8 million ($3.7 million) shortfall in customer money accounts.

  • June 10, 2026

    KC Says HMRC Tried To 'Cancel' Him In £2M Evasion Case

    A senior tax barrister told a court Wednesday that HM Revenue and Customs prosecuting him for evading almost £2 million ($2.7 million) in tax was its way of "canceling" a person the tax authority found "extremely inconvenient."

  • June 10, 2026

    Property Developer Accused Of £2.3M Rent Fraud

    A company owned by Iranian-American telecoms entrepreneur Bita Daryabari accused a property developer Wednesday of defrauding it out of more than £2.3 million ($3 million) over four years by understating rental income from a luxury apartment.

  • June 10, 2026

    EPPO Wins Bid To Quiz EU Officials Over Hiring 'Irregularities'

    The European Union's fraud prosecutor won its fight on Wednesday to force the bloc's auditing agency to lift confidentiality for 12 officials so they can give evidence to an investigation into recruitment "irregularities" concerning one of the auditor's employees.

  • June 10, 2026

    Class Rep Seeks To Pull Fender CPO Over Funding Shortfall

    A consumer rights lawyer sought on Wednesday to withdraw a proposed class action against Fender, Yamaha and other musical instrument manufacturers, saying she had been unable to secure litigation funding despite years of efforts to pursue resale price maintenance claims.

  • June 10, 2026

    Online Payment Biz Sues Lender Over Account Suspension

    Online payment company QuidPay has sued a digital bank over the decision to suspend its accounts because of alleged fraudulent transactions linked to its clients, and unlawfully retaining millions of pounds.

  • June 10, 2026

    FRC Probes P&O Ferries Adviser For Potential Misconduct

    The U.K.'s regulator for auditors, accountants and actuaries said Wednesday that it had launched an investigation into a member of the profession over information they gave to the auditor of P&O Ferries.

  • June 09, 2026

    EU Orders Meta To Give Rival Chatbots Free WhatsApp Access

    European enforcers ordered Meta Platforms to give rival artificial intelligence chatbots free access to WhatsApp amid an antitrust investigation into the messaging service, despite Meta taking steps to provide access for a fee after previously blocking rival assistants.

  • June 09, 2026

    MPs Want Appeals Route For Judge-Only Complex Cases

    Defendants charged with economic crimes who are facing trial by a sole judge should be allowed to appeal for their case to be heard by a jury, British lawmakers said Wednesday in a pushback against the government's landmark criminal justice reforms.

  • June 09, 2026

    ICC Prosecutor Suspended Amid Misconduct Allegations

    The top prosecutor at the International Criminal Court has been suspended from duty with immediate effect amid reports of alleged sexual misconduct involving a female staffer.

  • June 09, 2026

    Duo Can't Halt Extradition To US Over $22M Phishing Fraud

    Two people accused of participating in a $22 million fraud scheme that allegedly used phishing attacks lost a bid Tuesday to block their extradition to the U.S., with a court rejecting claims they faced inhumane conditions in the country's jails.

  • June 09, 2026

    Barclays Wins Bid To Appeal Denial Of £800M Tax Deduction

    A lower tribunal made errors and must reconsider its ruling against Barclays Bank and in favor of Britain's tax authority regarding an £800 million ($1.1 billion) corporate tax deduction dating back to a deal during the 2008 financial crisis, a London tribunal found.

  • June 09, 2026

    Gov't Targets Loophole In New Pension Scam Crackdown

    The government floated new plans on Tuesday to block workers from transferring long-term savings to bogus pension plans, in a new bid to crack down on retirement scams.

  • June 09, 2026

    Malawi Flood Victims Push For Faster Trial Of ABF Claims

    More than 1,700 villagers from Malawi who blame Associated British Foods PLC for devastating floodwaters told the High Court on Tuesday during a hearing to decide how their claims should advance that they now rely on humanitarian aid to survive.

  • June 09, 2026

    PwC Probed By Accounting Watchdog Over WH Smith Audit

    The U.K.'s accounting watchdog opened a probe into PricewaterhouseCoopers on Tuesday over its audit of WH Smith, amid growing pressure on the travel retailer for overstating its profits.

  • June 08, 2026

    MoJ Eyes AI Court Assistant To Tackle Crown Court Backlog

    The Ministry of Justice revealed Tuesday that it will develop artificial intelligence legal assistants for Crown Courts to support routine casework, legal research and case analysis, as part of efforts to reduce the growing backlog of criminal trials.

  • June 08, 2026

    Solicitor Can't Sue SRA, Journalist For Discrimination

    A tribunal has thrown out a Black solicitor's discrimination claims against the Solicitors Regulation Authority and a legal journalist, ruling that the lawyer's claims have no chance of succeeding.

  • June 08, 2026

    Two Men Sentenced For £275K Vehicle Repair Shop Fraud

    Two men have been sentenced to a total of more than nine years in prison for their roles in a £275,500 ($368,000) fraud involving fake collision claims linked to a vehicle repair business, the City of London Police said Monday.

  • June 08, 2026

    Neil Woodford Faces FCA Injunction For Unauthorized Activity

    The Financial Conduct Authority said Monday that it is seeking an injunction against fund manager Neil Woodford for allegedly providing investment services despite having been banned from managing funds for retail investors in 2025.

  • June 08, 2026

    Gov't Urged To Tighten 'Amber Flag' Pension Scam Rules

    The government must tighten rules that allow trustees to block pension transfers if they suspect members are being scammed, a long-term savings provider warned Monday.

  • June 08, 2026

    FCA Flags Misleading Car Finance Ads On Social Media

    The Financial Conduct Authority warned consumers on Monday about paid promotions from claims management companies and law firms that encourage people to sign up for motor finance claims, saying some are disguised as independent advice.

Expert Analysis

  • A Softer Tack For Online Ads Marks Next Step In Data Reform

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    While the initiative of the U.K. Information Commissioner's Office to relax enforcement of advertising cookie consent represents a welcome attempt to balance privacy protection and commercial realities, several questions remain that will limit companies' ability to benefit from the U.K. proposals, say lawyers at Skadden.

  • CMA App Store Mandates Fall Short Of Regulatory Ambitions

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    The Competition and Markets Authority's recent proposals to loosen Google and Apple’s mobile platform duopoly are a far cry from the assertive and wide-reaching interventions that advocates of the Digital Markets Unit had hoped to see from the new competition regulator, says Ronan Scanlan at Steptoe.

  • Catching Up On Simplified EU Sustainability Disclosure Rules

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    A recent proposal to streamline implementation of the EU’s Taxonomy Regulation contains measures that would reduce companies’ sustainable investment reporting and compliance requirements, and better support the EU’s climate and environmental goals, say lawyers at Proskauer.

  • Cos. Must Take Action As Corporate Enforcement Evolves

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    The Serious Fraud Office's renewed vigor toward proactive corporate enforcement, as evidenced by its recently affirmed commitment to collaboration with the U.S. on cross-border investigations, means that organizations must solidify their antibribery and corruption frameworks to remain ahead of fast-moving regulatory and legislative initiatives, say lawyers at Weil.

  • UK Reforms Investment Rules, But Clarity Concerns Remain

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    The U.K. government’s recent reforms to the National Security and Investment Act 2021 demonstrate a continuing pragmatic approach by requiring fewer deal filings, but the regime would benefit from more clarity in key areas, say lawyers at McDermott.

  • Fraud Law Puts Fund Managers Under Compliance Spotlight

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    The new failure to prevent fraud offense, effective Sept. 1, may not represent a material departure from most managers’ duties to exercise due care in preventing loss to the assets they manage, but the prospect of criminal liability should sharpen their compliance focus, says Andrew Henderson at Goodwin Procter.

  • CMA Pricing Guide Signals Shift In UK Consumer Protection

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    The Competition and Markets Authority’s recent draft price transparency guide, as part of a wider reform introduced by the Digital Markets, Competition and Consumers Act 2024, represents a significant change in U.K. consumer protection by targeting unfair trading practices and strengthening enforcement mechanisms, says Felicity Forward at Shoosmiths.

  • 8 Compliance Team Strategies To Support Business Agility

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    Amid new regulatory requirements across the globe, compliance functions must design thoughtful guardrails that help business leaders achieve their commercial objectives lawfully — from repurposing existing tools to using technology thoughtfully — instead of defaulting to cumbersome protocols that hinder legitimate business, says Theodore Edelman at GCE Advisors.

  • What To Note From FCA, Gov't Financial Growth Proposals

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    Recent Financial Conduct Authority and government proposals for financial services reform are positive developments for firms, signaling a drive to push forward growth and a willingness to be flexible in areas of regulation that the industry has long raised as barriers, say lawyers at Simmons & Simmons.

  • How Accessibility Act Is Reshaping EU Digital Compliance

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    In adding binding requirements to digital spaces, the recently enacted European Accessibility Act aims to harmonize rules and promote digital inclusion across the EU, a departure from earlier frameworks that relied on voluntary standards for businesses, say lawyers at Greenberg Traurig.

  • Opinion

    Managers' Expanded Corp. Liability Proposal Is Too Vague

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    The Crime and Policing Bill 2025, currently under consideration by the House of Lords, implements a dramatic expansion of managers’ corporate liability in ambiguous provisions that may lead only to cumbersome and unintended consequences for companies, says Vanessa Reid at Corker Binning.

  • What Gov't Report Tells Lawyers About Continuing AML Risks

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    The U.K. government’s recent national money laundering risk assessment maintains conveyancing, company service work and misuse of client accounts as key threats, underscoring that law firms should expect renewed scrutiny and higher expectations in these high-risk areas, says Harriet Holmes at Thirdfort.

  • Russia Sanctions Spotlight: Strengthening Enforcement

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    The Office of Financial Sanctions Implementation’s proposed changes to its enforcement process by increasing monetary penalties, and introducing schemes to encourage cooperation, suggest that businesses should expect an expansion of financial sanctions enforcement, says Alexandra Melia at Steptoe.

  • 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.

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