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Corporate Crime & Compliance UK
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November 06, 2025
EU Authorities Probe Suspected €61.5M VAT Fraud Ring
European Union authorities carried out search and seizure operations Thursday in Austria as part of an investigation into a suspected cross-border value-added-tax fraud scheme that has purportedly resulted in an estimated total of €61.5 million ($71 million) in unpaid taxes.
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November 06, 2025
FRC Fines BDO £5.9M Over Audit Misconduct Admissions
The accounting watchdog said Thursday it has fined BDO £5.85 million ($7.7 million) and fined its former audit engagement partners John Everingham and Kevin Cook separate amounts for misconduct relating to the supervision of a dishonest former senior manager.
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November 06, 2025
Irish Central Bank Fines Coinbase €21M For AML Breaches
Ireland's central bank fined cryptocurrency exchange Coinbase €21.4 million ($24.7 million) on Thursday for breaking anti-money laundering rules after it failed to adequately screen transactions worth billions of euros, some of which it later tied to organized crime, fraud and scams.
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November 06, 2025
German Watchdog Fines JP Morgan €45M For AML Failures
German financial regulator BaFin said Thursday it has hit pan-European bank JP Morgan SE in Frankfurt with its largest-ever fine of €45 million ($52 million) for breaching anti-money-laundering rules.
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November 06, 2025
Solicitor Avoids Suspension Over Fraudulent Property Deals
A solicitor who failed to prevent a number of fraudulent or potentially fraudulent property deals can continue to practice after the profession's tribunal declined to impose an immediate suspension on Thursday.
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November 06, 2025
Deutsche Börse And Nasdaq Face EU Derivatives Cartel Probe
The European Commission revealed Thursday that it is investigating Deutsche Börse and Nasdaq over possible collusion to avoid competing for the listing, trading and clearing of financial derivatives.
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November 06, 2025
UEFA Strengthens Ties With Europol To Fight Corruption
Europol and UEFA have extended their collaboration to crack down on corruption in football by agreeing to share information on issues like money laundering, illegal betting and financial manipulation, the organizations said.
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November 06, 2025
Shell, Equinor Merger Faces Enviro Calls For UK Tax Probe
Environmentalist groups urged HM Treasury on Thursday to investigate the alleged £1.3 billion ($1.7 billion) tax savings that energy businesses Shell and Equinor will make if they merge their U.K. operations.
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November 05, 2025
Phone Companies Promise To Tackle UK Number Spoofing
Major mobile phone networks have pledged to collaborate to prevent criminals from exploiting their systems by committing fraud through methods like spoofing U.K. numbers, the government announced Wednesday.
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November 05, 2025
NHS Chief Fired Amid Letby Probe Wins Whistleblower Case
A former NHS hospital chief executive who raised concerns about governance and leadership at the trust where Lucy Letby murdered seven babies was unfairly dismissed after senior workers attempted to "engineer" her exit, a tribunal has ruled.
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November 05, 2025
Funder Can't Stop Businessman's Bid To Reopen Asset Fight
A businessman can try to reopen a long-running dispute over the assets of Gerald Smith, a former software company boss with a long history of financial crime, a London judge ruled on Wednesday.
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November 05, 2025
NCA Recovers £12M Of Dinosaur Fossils In POCA Proceedings
Britain's anti-crime agency told a London court Wednesday that it will seek to recover millions of pounds in property, including three dinosaur skeletons worth £12.4 million ($16.2 million), from a Chinese national suspected of being involved in a money laundering scheme.
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November 05, 2025
18 Arrested Over €300M Fake Subscription Fraud Network
European prosecutors revealed Wednesday that 18 people have been arrested on suspicion of setting up a scheme of fake online subscriptions to dating, pornography and streaming services, taking at least €300 million ($345 million) from credit card users.
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November 05, 2025
Nick Candy Wins £4.6M Over Startup's False Apple, LVMH Ties
A London court ruled Wednesday that a former dotcom entrepreneur must pay £4.6 million ($6 million) compensation to Nick Candy, finding that the luxury property developer was duped into investing in a startup by lies about backing from Apple and LVMH Moët Hennessy Louis Vuitton.
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November 04, 2025
Insolvent UK Co.'s Ex-Director Fights £2M VAT Fraud Case
The former director of a company in liquidation denied an insolvency specialist's claims that he took part in a value-added tax fraud at the business and is liable for paying about £2 million ($2.6 million), saying the U.K. tax authority has withdrawn its liability notices against him.
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November 04, 2025
Czech Crime Prosecutor Named Head Of EU Anti-Fraud Office
The European Commission said Tuesday that it has appointed veteran economic crime prosecutor Petr Klement to head the bloc's fraud investigatory office.
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November 04, 2025
Post Office Scandal Campaigner Settles Claims With Gov't
A former subpostmaster who led a fight to exonerate innocent people prosecuted by the Post Office and wrongly convicted of fraud has settled his claim against the government more than 20 years after beginning his campaign for justice, the government said Tuesday.
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November 04, 2025
Carter-Ruck Invokes Privilege In Legal Bid To Stop SRA Case
Carter-Ruck has asked the High Court to block the Solicitors Regulation Authority from investigating it for allegedly using abusive tactics against a politician during a failed libel claim brought by a client who is a donor to the Conservative Party.
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November 04, 2025
BDO Hit With $102M Claim For 'Negligent' Audits Of Insurer
The liquidators of an insurance company have hit BDO LLP with a negligence claim of more than $100 million, arguing that inadequate audits concealed the true financial picture of the defunct business.
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November 04, 2025
Nine Arrested Over Suspected €600M Crypto Fraud Ring
European authorities revealed Tuesday that they have arrested nine people suspected of money laundering through a cryptocurrency network that scammed victims out of more than €600 million ($690 million).
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November 04, 2025
Ex-Solicitor General Garnier Brings DPA Expertise To Pillsbury
Edward Garnier KC will join Pillsbury Winthrop Shaw Pittman LLP as senior counsel to work closely with the head of the international firm's London practice, the firm revealed Tuesday.
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November 03, 2025
Adviser Says He Was 'Scapegoated' In FCA Ban Challenge
A financial adviser told a London tribunal Monday that he had been made a "scapegoat" as he challenged the U.K. finance regulator's decision to ban him from working in financial services over investments in a hotel group.
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November 03, 2025
UK Watchdog Guides Shippers On Russia's Sanctions Evasion
Britain's trade sanctions enforcer issued new guidance on Monday for shipping and freight companies aimed at countering Russia's tactics for evading restrictions on transporting banned goods.
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November 03, 2025
UK Hacker Faces Extradition To US Over Insider Trading Plot
A British man who hacked into the email accounts of American executives and used sensitive information to make $3.75 million in illicit trades may be extradited for the computing offenses, a lawyer for the U.S. told a court Monday.
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November 03, 2025
Billionaire Claims $415M Fraud Hinged On 'Nonsense' Info
Mexican billionaire Ricardo Salinas Pliego told a London court Monday that a man who allegedly defrauded him out of more than $415 million made "nonsense" representations to trick him into believing he was entering a deal with a legitimate financial institution.
Expert Analysis
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Banker Remuneration Proposals Could Affect More Than Pay
The Financial Conduct Authority and Prudential Regulation Authority’s pending proposals to reduce banker remuneration restrictions bring obvious personal financial advantages for bankers, but may have repercussions that result in increased scrutiny of bonus payments and wider changes to workplace culture and overall accountability, say lawyers at Fox Williams.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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EU Report May Influence Regulation Of Decentralized Finance
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.
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EU Paper Urges Data Protection And Competition Law Unity
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.
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Market Infrastructure Regs Aim To Reinvigorate EU Trading
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.
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The Pros And Cons Of A 2nd Trump Term For UK Tech Sector
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.
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Why EU Omnibus Package Is Receiving Mixed Reactions
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.
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Review Of Computer Evidence Use Raises Complex Issues
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.
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How Proposed Private Share Trading System May Benefit Cos.
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.
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New Bill Introduces Important Whistleblower Protections
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.
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Important Changes To Note In Accountant Ethics Code Update
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.
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What EU Sustainable Category Proposals Will Mean For Funds
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.
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What To Expect As CAT Considers Mastercard Settlement
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.
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Managing Transatlantic Antitrust Investigations And Litigation
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.
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What 2025 Holds For UK, EU Restructuring And Insolvency
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.