Corporate Crime & Compliance UK

  • May 01, 2026

    Dentons Ruling Recasts Test For Lawyers' AML Misconduct

    The Court of Appeal's recent decision that the Solicitors Regulation Authority must prove that Dentons' breach of money laundering legislation was "sufficiently serious" could complicate the watchdog's job of enforcing its rules, experts say.

  • May 01, 2026

    UK Man Agrees To Guilty Plea In $60M Tax Evasion Scheme

    A former business executive has agreed to plead guilty to conspiracy to defraud the Internal Revenue Service, following an order to extradite him to the U.S. over allegations that he and five other men helped wealthy American clients hide their income.

  • May 01, 2026

    Carlyle Settles $40M Russia Jets Claim Against AXA, Convex

    An aircraft leasing company has settled its $40.5 million claim against insurer AXA for aircraft currently stranded in Russia since the beginning of the war in Ukraine.

  • May 01, 2026

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

    The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.

  • May 01, 2026

    UK Defense Contractor Pays £15M To Settle Bribery Probe

    British defense contractor Ultra Electronics agreed to pay £14.8 million ($20.2 million) on Friday to settle a bribery investigation by the Serious Fraud Office into suspected corrupt payments involving airport contracts in Algeria and Oman.

  • May 01, 2026

    Johnson Matthey Beats Fraud Claim Over £325M Pharma Deal

    Johnson Matthey defeated on Friday a claim that it acted fraudulently in the £325 million ($444 million) sale of one of its pharmaceutical businesses, despite a finding by a London court that the chemicals business had failed to disclose to the buyer significant details about the transaction.

  • May 01, 2026

    FCA Vows Robust Defense Of Car Finance Redress In Court

    The Financial Conduct Authority said on Friday that it will mount a robust defense of its £7.5 billion ($10.2 billion) motor finance redress scheme against four legal challenges so far from lenders and a consumer group.

  • April 30, 2026

    FRC To Set Tougher Audit Standards On Fraud Risks

    The Financial Reporting Council published its final revision on Thursday to incoming auditing standards for assessing the risk of fraud and a company's ability to keep operating in the foreseeable future, highlighting a demand for greater transparency in audit reporting.

  • April 30, 2026

    Ex-Sub-Postmaster Fights Split Of £4.5M Post Office Trial

    A former sub-postmaster urged a London appellate court Thursday to overturn a decision to split his £4.5 million ($6 million) claim against the Post Office and Fujitsu over a 2007 civil judgment which he alleges was obtained by conspiracy, arguing that it is wrong in principle.

  • April 30, 2026

    FCA Charges Ex-Mortgage Broker For Flouting Ban

    The financial services watchdog hit a former mortgage broker with criminal charges on Thursday over allegations that he was arranging mortgage contracts after being banned.

  • April 30, 2026

    Italy, Netherlands Seize €55M In Solar Subsidy Fraud Probe

    European Union prosecutors said Thursday that Italian and Dutch authorities have seized €55 million ($64 million) in a probe into alleged misappropriation of public funds linked to solar energy projects.

  • April 30, 2026

    Imprisoned Oligarch Denied Appeal Over $14B Asset Seizure

    Imprisoned oligarch Ziyavudin Magomedov can't revive his $14 billion claim that he was the victim of a Russian state-led conspiracy to strip his assets in two major port operators, after an appeals court rejected his latest challenge on Thursday.

  • April 29, 2026

    SFO 'Appropriately' Using External Counsel, Watchdog Finds

    The U.K.'s prosecution watchdog said Thursday that the Serious Fraud Office is using external counsel "appropriately," but that the agency is relying on outside help to fill vacancies and needs to ensure that it is drawing from a diverse pool.

  • April 29, 2026

    Ex-Jusan COO Claims He Blew Whistle On Embezzlement

    A former executive at Jusan Technologies, the British financial services holding company, is accusing the company of withholding money he was owed because of his whistleblowing on embezzlement.

  • April 29, 2026

    More UK Businesses Face Crisis Over Taxes, War, Report Says

    The number of U.K. businesses near collapse increased by almost 37% with rising taxes ahead of the economic fallout of the Iran war, an insolvency firm warned in a report Wednesday.

  • April 29, 2026

    Solicitor Fined Over £237M LC&F Mini-Bond Scheme Conflict

    A senior solicitor has been fined by a tribunal over an "obvious" conflict of interest by serving as both a bondholder trustee and as a legal adviser to a firm behind a collapsed £237 million ($320 million) mini-bond scheme that defrauded investors.

  • April 29, 2026

    UK Broadens Big Companies' Liability For Executive Crimes

    The U.K.'s policing bill passed into law on Wednesday in a major expansion of corporate criminal liability by holding major companies accountable for any crime committed by their senior managers.

  • April 29, 2026

    Sussex Uni Wins Fight Over £585K Fine Tied To Trans Policy

    The University of Sussex won its bid to nix a record fine of more than half a million pounds on Wednesday after a London judge overturned a ruling that found "significant and serious" code breaches within its transgender equality statement.

  • April 29, 2026

    Mercedes, VW Challenge FCA's £7.5B Motor Finance Plan

    Mercedes-Benz and Volkswagen have joined a group of four other entities challenging the lawfulness of the Financial Conduct Authority's £7.5 billion ($10 billion) motor finance redress system.

  • April 29, 2026

    EU Finds Meta Failing To Protect Children On Social Media

    The European Union's enforcement arm said on Wednesday that Meta breached the bloc's digital safety rules by failing to prevent children under 13 from using Facebook and Instagram.

  • April 29, 2026

    Ex-Lawyer For Hong Kong Billionaire Family Revives UK Claim

    A lawyer resurrected her claim she was mistreated by a wealthy Hong Kong family for blowing the whistle on potential tax evasion as the Employment Appeal Tribunal ruled Wednesday that a judge was too quick to dismiss her case as being outside British territorial jurisdiction.

  • April 29, 2026

    FCA Says Cos. Should Share Data To Combat Market Abuse

    The Financial Conduct Authority said Wednesday in its latest Market Watch newsletter that businesses must share customer information with each other on market abuse and other financial crime as far as the law allows.

  • April 29, 2026

    Plane Part Lessor Loses Bid To Blame Thai Seller For Fraud

    An Irish aircraft component lessor failed Wednesday to revive its claim against a Thai plane maintenance company it says caused it to send $824,900 to someone impersonating both companies after an appeals court held the fraud caused the loss.

  • April 28, 2026

    Solicitor Suspended For Misleading Client About Fees

    A solicitor has been suspended for two years and ordered to pay £15,000 ($20,000) after a tribunal found she had fabricated an attendance note certifying that a client had agreed to a change in legal fees.

  • April 28, 2026

    Ex-ENRC Internal Lawyer Says SFO Probe Justified Legal Bills

    A former top in-house lawyer for ENRC told a London court Tuesday that fees paid to law firms during the mining company's response to the Serious Fraud Office's criminal investigation were not excessive, as the company was in an "existential" situation.

Expert Analysis

  • EU Report May Influence Regulation Of Decentralized Finance

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    The European supervisory authorities’ recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.

  • EU Paper Urges Data Protection And Competition Law Unity

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    A recent European Data Protection Board position paper calls for closer cooperation among data protection and competition authorities, and provides valuable insight for businesses seeking to ensure compliance across an increasingly complex regulatory landscape, say lawyers at Paul Weiss.

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    The recently amended European Market Infrastructure Regulation, imposing a requirement on certain financial and nonfinancial institutions to maintain an active EU counterparty account, hopes to incentivize the central clearing of trades, although there are concerns that higher compliance costs will lead to a decrease in competitiveness, say lawyers at McDermott.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    While U.S. President Donald Trump’s protectionist stance on trade could disrupt global supply chains on which many U.K. tech firms are reliant, anticipated deregulation could provide fertile ground for investment and growth, and the U.K. tech sector is bracing for a mix of opportunities, say lawyers at Shoosmiths.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    Although the forthcoming European Union omnibus simplification package consolidating corporate sustainability reporting requirements aims to reduce the regulatory burden on businesses, reaction to the proposals has been mixed, and reassurance is needed that these measures will not result in a watering down of the legislation, say lawyers at Peters & Peters.

  • Review Of Computer Evidence Use Raises Complex Issues

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    The Ministry of Justice’s recent call for a review of computer-generated evidence used in criminal proceedings, solicits questions of how such evidence will be defined while also ensuring that changes can withstand technological advances and uphold the effective functioning of the criminal justice system, say lawyers at BCL Solicitors.

  • How Proposed Private Share Trading System May Benefit Cos.

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    The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.

  • New Bill Introduces Important Whistleblower Protections

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    If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.

  • What To Expect As CAT Considers Mastercard Settlement

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    It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

  • What To Know As EU Urges Outbound Investment Reviews

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    A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.

  • Competition Act Brings Important UK Merger Control Changes

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    Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.

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