Corporate Crime & Compliance UK

  • September 25, 2026

    Gupta Denies Knowing $7M Nickel Shipment Was Fake

    Indian metals tycoon Prateek Gupta has hit back against a $7 million claim by a U.K. commodities trader, denying fraudulently misrepresenting that a cargo of worthless metal was valuable nickel.

  • September 25, 2026

    Gaps In FCA's Crypto-Regime Leave Insider Dealing Risk

    Gaps in the City watchdog's new crypto rules will exacerbate the risk of insider trading because of inconsistencies pointed out by lawyers over how exchanges will share price-sensitive information and disagreements on the digital-related definition of such data.

  • September 25, 2026

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

    The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority. 

  • September 25, 2026

    US Backs Elon Musk In €120M EU Digital Transparency Case

    The U.S. has announced it will join Elon Musk in a bid to overturn a €120 million ($137 million) fine imposed by the European Commission on social media platform X for breaching the bloc's digital transparency rules.

  • September 24, 2026

    FCA Shutters 21 Firms Amid Crackdown On Risky Derivatives

    The Financial Conduct Authority said Friday that its scrutiny of the market for risky derivatives has led to the closure of 21 companies since 2025, amid concerns that consumers are being misled about the trustworthiness of overseas companies.

  • September 24, 2026

    CAT Says £56M Cartel Distribution Plan Maximizes Take-Up

    The Competition Appeal Tribunal has said a plan to distribute a £56 million ($74 million) class action settlement is a "fair, reasonable and practical mechanism" for compensating consumers and businesses affected by a vehicle-shipping price-fixing cartel.

  • September 24, 2026

    Polish Ex-Official Fights Extradition Citing Unfair Trial Risk

    A Polish former government official argued at a London court Thursday that he should not be extradited over corruption allegations because Poland has failed to offer adequate assurances he would face a fair trial.

  • September 24, 2026

    Building Co. Fined For Hiding Evidence In CMA Inspection

    The U.K.'s competition regulator said Thursday that it has fined a construction company and two employees a total of £50,000 ($66,000) for hiding evidence amid an investigation into 12 companies suspected of bid-rigging.

  • September 24, 2026

    Ankle Tag Co. Sued By Ousted CEO For Defamation

    The former chief executive of ankle tag maker Big Technologies has sued the company for defamation amid an ongoing £320 million ($423 million) dispute over allegations she diverted company funds and hid her involvement with shareholders.

  • September 24, 2026

    TikTok Drops Appeals Over £12.7M Children's Privacy Fine

    TikTok has agreed to pay a £12.7 million ($17 million) fine for unlawfully processing children's personal data after a tribunal rejected its challenge to the data privacy regulator's power to impose the penalty, the watchdog said Thursday.

  • September 24, 2026

    Large UK Banks Complete First Live Tokenized Transactions

    A banking trade body said Thursday that U.K. banks have completed the first live customer transactions using tokenized sterling deposits, in a major milestone for payments innovation.

  • September 24, 2026

    UK Tightens Sanctions Licensing Criteria For Iranian Banks

    The U.K. government has said it will refuse license applications from five Iran-based banks operating domestically, amid a wider campaign led by the U.S. to apply economic pressure on Iran as the war rumbles on.

  • September 23, 2026

    Architect Of £1M Binary Options Scam Sentenced To 5½ Years

    The architect of a "boiler-room" investment fraud scheme which took more than £1 million ($1.3 million) from investors was sentenced to more than five years in prison by a London judge Wednesday.

  • September 23, 2026

    EuroChem Loses Injunction As Sanctions Halt €212M Payouts

    An Italian engineering company persuaded a London judge Wednesday to discharge a four-year-old injunction designed to protect €212 million ($242 million) in bond payments sought by a EuroChem subsidiary, after Russia-related sanctions rulings effectively blocked the payouts.

  • September 23, 2026

    Watchdog Revises Auditor External Expert Standards 

    Britain's accounting watchdog has revised two of its standards on using the work of an external expert in the audit process, aligning them Wednesday with changes made by an international standard-setter.

  • September 23, 2026

    Arms Dealers Get 32 Years For Evading UK Export Controls

    Two men convicted of illegally selling arms and military equipment to countries in Africa and the Middle East were sentenced to a combined 32 years in prison on Wednesday, according to HM Revenue and Customs.

  • September 23, 2026

    Broadcast Co. Auditors Pin £225M Loss On Directors' 'Fraud'

    Auditors for Arena Television have denied liability for losses of almost £225 million ($298 million) stemming from a "pervasive fraud" allegedly perpetrated by the collapsed company's directors, saying the fraudulent activity was concealed from them.

  • September 23, 2026

    Tech Entrepreneur In Contempt Over Asset Freeze Breaches

    Tech entrepreneur Oussama Ammar has been found guilty of contempt of court after he repeatedly breached asset freezing orders and lied in sworn statements.

  • September 22, 2026

    FCA Closes In On Money-Mule Accounts Amid Rising Trend

    Financial firms shut down almost 240,000 accounts suspected of laundering money in the U.K. last year, but criminals are still moving illicit funds through multiple bank accounts before cashing out, the City regulator said Wednesday.

  • September 22, 2026

    Top KC Kelsey-Fry Sues Golf Club Bosses Over £5M Payment

    A leading King's Counsel, a former Formula One boss and a billionaire financier are seeking to recover £5 million ($6.7 million) as part of a legal tussle over control of their exclusive golf club, with a trial set to start in early 2028, the High Court was told on Tuesday.

  • September 22, 2026

    Carter-Ruck Ruling Could Hobble SRA's SLAPP Investigations

    The High Court's ruling restricting the Solicitors Regulation Authority's access to legally privileged material could hamper investigations into alleged misconduct connected with client work, particularly strategic lawsuits against public participation, lawyers say.

  • September 22, 2026

    Kuwait Loses Bid To Extradite Former Pension Chief's Widow

    Kuwait can't extradite the widow of its former pension chief from the U.K. to serve a lifetime prison sentence for allegedly stealing $73.8 million, a London judge has ruled, saying prosecutors failed to formally notify her about her criminal trial.

  • September 22, 2026

    Suspect Arrested In Electronics VAT Fraud, EPPO Says

    Dutch authorities have arrested a suspected broker in a large-scale value-added tax fraud ring involving electronics, seizing €3.5 million ($4 million) worth of assets in the process, the European Public Prosecutor's Office said Tuesday.

  • September 22, 2026

    UBS Fined €5M Over Credit Suisse Legacy Tax Evasion

    UBS said Tuesday it has agreed to pay €5 million ($5.7 million) to the Dutch Public Prosecution Service to settle a legacy case involving alleged tax evasion linked to 12 former Credit Suisse clients.

  • September 22, 2026

    FCA Wrongly Applies Time Limit To Redress Complaint

    The Financial Conduct Authority has accepted a recommendation to investigate a complaint over its handling of a redress scheme for customers of a group of lenders, after the Complaints Commissioner found the regulator had wrongly rejected the case as out of time.

Expert Analysis

  • How New Act Expands UK Managers' Corporate Crime Liability

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    The recent enforcement of the Crime and Policing Act is a watershed moment for U.K. corporate criminal liability, facilitating the prosecution of organizations for the actions of their senior managers by extending liability beyond the individual with the directing mind and will to those who play a significant role in a business’s decision‑making, say lawyers at WilmerHale.

  • CMA's Actions Signal New Spotlight On UK Consumer Law

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    The Competition and Markets Authority’s recent hidden fee fine against the AA — its first infringement decision using its new direct enforcement powers — as well as its investigations into fake online reviews and scrutiny of subscription contracts, demonstrate the regulator's new focus on tackling the most egregious breaches of U.K. consumer law, say lawyers at Wilson Sonsini.

  • What Dutch AI Decision-Making Guidance Means For Cos.

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    The Dutch Data Protection Authority’s recent draft guidelines on customers' rights to an explanation in automated decision-making processes under the General Data Protection Regulation raise important operational and governance considerations for companies, say lawyers at Hogan Lovells.

  • Understanding The Legal Risks Of Fragile Supply Chains

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    To ensure supply chain resilience in times of crisis — such as the recent blockage of the strategically vital Strait of Hormuz — it is important for everyone involved in the chain to understand the distribution arrangements and laws applicable across jurisdictions, say lawyers at Brown Rudnick.

  • How New E-Evidence Rules Will Affect EU-US Data Transfers

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    The forthcoming European Union e-evidence regulation signals the need to preserve digital evidence that is stored outside the issuing jurisdiction, bringing the EU significantly closer to the model employed by the U.S. and reflecting a shift in the legal landscape for cross-border data transfers, say lawyers at MoFo.

  • Compliance Landscape Shifts As CMA Targets Fake Reviews

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    The Competition and Markets Authority’s investigations into five companies’ alleged misleading online reviews are the first use of its administrative powers under the Digital Markets, Competition and Consumers Act, marking a turning point in U.K. consumer protection enforcement, say lawyers at Fieldfisher.

  • SFO Plan Focuses On Resilience But Funding Doubts Persist

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    The Serious Fraud Office’s emphasis on tighter case management and making greater use of technology in its latest business plan suggests a concern with strengthening complex financial crime enforcement, however the agency may not have the resources to deliver meaningful change, say lawyers at Signature Litigation.

  • EU Defense Road Map Opens Doors To New Market Entrants

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    The European Economic and Social Committee's and European Investment Bank Group’s recent endorsements of the European Commission’s EU defense industry transformation road map signal positivity for ongoing implementation, making public procurement more accessible to innovative newcomers and creating fresh opportunities to participate in security-relevant innovation projects, say lawyers at Dechert.

  • Sanctions Spotlight: Key Priorities Of OFSI's 3-Year Strategy

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    The Office of Trade Sanctions Implementation's 2026-2029 strategy to assist businesses by providing practical compliance advice and more predictable support will be welcomed, although the process for obtaining guidance and whether the ensuing information will be made publicly available remains unclear, says Alexandra Melia at Steptoe.

  • EU Risks Falling Behind With Delay In Digitization Rule Fixes

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    With financial organizations calling for the European Union to fast-track modifications to the Distributed Ledger Technology Pilot Regime and the EU signaling that tokenization is a permanent feature of the financial landscape, the sector needs to prepare for the now inevitable shift, says Antonio Lanotte at Futura Law.

  • What To Know About Proposed EU Industrial Accelerator Act

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    The European Commission’s proposed Industrial Accelerator Act aims to reverse the decline of the European Union's manufacturing sector and support cleaner technologies by introducing EU origin and low-carbon requirements, but with the definition of “Made in the EU” still under debate, the text may yet undergo significant changes, say lawyers at Crowell.

  • Insights From FCA's Latest Customer Due Diligence Review

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    The Financial Conduct Authority’s recent report on customer due diligence controls explains what distinguishes good policies and procedures from those that are lacking, and should encourage firms to check that their processes are detailed, practical and relevant to the business, say lawyers at Womble Bond.

  • How New EU Third-Country Branch Rules Will Affect UK Banks

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    The European Union's new directive on third-country branch rules for non-EU banks will have a significant impact on U.K. banks, which will no longer be permitted to provide core cross-border services into the EU without a local presence, unless an applicable exemption or carveout applies, say lawyers at Farrer & Co.

  • Lessons From ESMA's Record €1.4M Trade Repository Fine

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    The European Securities and Markets Authority's recent fine against REGIS-TR for data and procedure breaches under Market Infrastructure and Securities Financing Regulations demonstrates that a license confers no immunity from sanctions, and that dually registered trade repositories face a greater financial exposure in the event of noncompliance, say lawyers at White & Case.

  • CMA's 5-Point Plan Signals Shift In Enforcement Priorities

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    The Competition and Markets Authority’s recently published annual plan is notable for a strong shift toward prioritizing U.K. enforcement of consumer protection laws, encouraging innovation and policing public procurement markets for anticompetitive conduct, which contrasts with previous plans that focused on competition in digital markets, complex merger review and sustainability, say lawyers at Cooley.

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