Corporate Crime & Compliance UK

  • June 19, 2025

    Slovak Officials Detained In Ukraine Military Aid Probe

    Eight people, four of them public officials within Slovakia's defense ministry, have been detained as part of an investigation into the alleged misuse of money destined for military aid to Ukraine, a European Union body has revealed.

  • June 19, 2025

    Presumed Alive, Fugitive Told To Repay £64M For Ponzi Fraud

    A judge ordered the fugitive mastermind behind a Ponzi scheme on Thursday to repay hundreds of conned investors £64 million ($86 million) after assuming that he might not have died despite suffering a reported heart attack in Mexico.

  • June 18, 2025

    £20M Buybacks Weren't Mainly For Tax Benefit, UK Court Says

    Obtaining a tax advantage wasn't the main purpose of two businessmen arranging £20 million ($26.8 million) in share buybacks, despite that being the effect, so they aren't liable for an anti-avoidance action by HM Revenue & Customs, the U.K. Upper Tribunal said in overturning a lower court's ruling.

  • June 18, 2025

    EU Moves To Overhaul Payment Rules To Target Fraud

    A key committee of European Union member state representatives said Wednesday that it had agreed its position on improving payment services, an early step toward regulations that could fight fraud and boost consumer protections.

  • June 18, 2025

    SFO's Growth Push A 'Difficult Line To Tread' For Prosecutor

    The Serious Fraud Office's recent promise to assist UK PLC with growth has raised eyebrows among former officials who question the optics of adopting political talking points that, on the surface, appear to distract from investigating and prosecuting economic crime.

  • June 18, 2025

    Artist Defends 'Fishrot' Apology Spoof As Free Expression

    An Icelandic artist urged a London appellate judge Wednesday to give him a chance to override a decision that he could not successfully defend against a claim from the country's largest seafood company alleging he created a spoof website to publish a false apology over a bribery scandal.

  • June 18, 2025

    EU Firms Warn UK Gov't Not To Ban Ransomware Payments

    A European financial markets trade body on Wednesday warned the U.K.'s Home Office that its proposed ban on paying ransomware demands to criminals could destabilize financial markets and lead to cross-border confusion.

  • June 18, 2025

    EPPO Indicts Pig Farm And Bosses Over €9M Subsidy Fraud

    The European Public Prosecutor's Office has indicted a pig farm and nine employees on charges of committing a €9 million ($10 million) subsidy fraud by allegedly exploiting a scheme to fund welfare improvements.

  • June 17, 2025

    UK Escalates Sanctions On Russian Finance, Energy Sectors

    The U.K. government struck Russian finance, energy and military sectors with 30 new sanctions on Tuesday, ramping up pressure on the country following devastating attacks on Kyiv earlier in the day.

  • June 17, 2025

    Ex-Georgian PM Says Credit Suisse Ignored £600M Fraud

    Georgia's former prime minister told a U.K. appeals court Tuesday that Credit Suisse Life cannot skirt liability for his losses from an employee's fraud scheme, saying the life insurer had obligations to policyholders to ensure their assets were being managed responsibly.

  • June 17, 2025

    Geradin Partners Hires Top Lawyers For German Expansion

    Geradin Partners said Tuesday that it has hired five lawyers from the law firms Hausfeld and Osborne Clarke as it prepares to launch in Germany later this year.

  • June 17, 2025

    SRA Hits Firm With £64K Fine Over AML Lapses

    The Solicitors Regulation Authority has hit a firm with a £64,000 ($86,000) fine after finding it failed to comply with anti-money laundering regulations for around six years.

  • June 17, 2025

    EU Agrees Rules To Firm Up Cross-Border GDPR Enforcement

    European Union co-legislators have agreed new legislation to improve cooperation between national authorities when they enforce data protection rules across borders.

  • June 17, 2025

    Cuban Bank Hit Again With Offshore Fund's €71M Debt Claim

    A Cayman Islands fund has alleged that the former central bank of Cuba owes sovereign debt and interest worth almost €71 million ($82 million) from loans taken in the 1980s, its latest move after a court barred it from suing the Caribbean state itself.

  • June 16, 2025

    Ex-Metro Bank Execs Win Bid To Cut Fines Over Listing Error

    An appellate tribunal on Monday reduced financial penalties for two former Metro Bank executives, confirming the bank breached listing rules when it published misleading financial statements in 2018 but finding the executives were honest with the tribunal about the £900 million ($1.2 billion) reporting scandal.

  • June 16, 2025

    Mozambique Wins Bid To Add Safa Heirs In $1.9B Dispute

    A London judge ruled Monday that Mozambique should be allowed to add the heirs of shipbuilding magnate Iskandar Safa to the government's claim over a bribery scheme as it seeks to enforce a $1.9 billion damages award.

  • June 16, 2025

    Metal Exchange Faces Pushback Over Transparency Plans

    Trade bodies representing financial institutions have warned the London Metal Exchange that its long-term proposals for increasing price transparency could risk it unlawfully abusing its dominant position as price data provider.

  • June 16, 2025

    SFO's Top Accountant Named In King's Birthday Honors List

    Nick Stroud, a top accountant at the Serious Fraud Office, has been recognized with an Order of the British Empire award.

  • June 16, 2025

    VTB Sues JPMorgan Over €17M Asset Sale Amid Sanctions

    VTB has alleged that JPMorgan owes it more than €17.8 million ($21 million) over the American bank's botched handling of a trading account and failing to pay out for assets it sold after the Russian bank was hit with sanctions, widening the legal dispute between the two companies.

  • June 16, 2025

    Trader Says US Extradition For $12M Fraud May Be 'Terminal'

    A British trader wanted in the U.S. for allegedly defrauding investors as part of a $12 million "pump and dump" scheme told a London judge on Monday that his poor health should prevent his extradition on human rights grounds.

  • June 16, 2025

    Credit Suisse Life Fights $607M Liability To Ex-Georgian PM

    The Bermudan life insurance arm of Credit Suisse challenged court findings Monday that it owes $607 million in damages to the former prime minister of Georgia, saying his losses were due to fraudulent activity by an employee of its banking arm.

  • June 16, 2025

    Billionaire Accuses India Of Orchestrating His Kidnap, Torture

    Billionaire Mehul Choksi accused the Indian government in a London court Monday of orchestrating his "appalling and traumatic" kidnapping and torture in the Caribbean to force him to return to India to face allegations of involvement in an $1.8 billion bank fraud.

  • June 13, 2025

    UK Businessman Defends Asset Transfer As Tax Strategy

    A British businessman denied that he transferred a company to his son to defraud a creditor, arguing it was part of a long-term tax strategy rather than a tactic to avoid repaying £4.7 million ($6.4 million) in debt.

  • June 13, 2025

    EU Guides Watchdogs On Digital Outsourcing Upsurge

    The European Union's financial markets regulator has released guidance for national watchdogs on how to regulate firms' expanding outsourcing of activities, driven by digitalization.

  • June 13, 2025

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

    This past week in London has seen Tottenham Hotspur FC kick off against Manchester United co-owner Ineos Automotive following a soured sponsorship deal, Acer and Nokia clash over patents for video coding technology, and two investors reignite litigation against the founders of an AI exercise bike business that unlawfully pocketed $1.2 million in investments to fund their own lifestyles. Here, Law360 looks at these and other new claims in the U.K.

Expert Analysis

  • Opinion

    UK Gov't Needs To Take Action To Support Whistleblowing Bill

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    With a proposed Office of the Whistleblower Bill making its way through the U.K. Parliament, whistleblowing is starting to receive the attention it deserves, but the key to unlocking real change is for the government to take ownership of reform proposals and appoint an overarching whistleblowing champion, says Baroness Susan Kramer at the House of Lords.

  • Issues To Watch At ABA's Antitrust Spring Meeting

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    Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.

  • New UK Short Selling Rules Diverge From EU Regs

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    Although forthcoming changes to the U.K.’s short selling regulatory regime represent a welcome relaxation of restrictions and simplification of reporting processes, participants active in both the U.K. and EU markets will need to ensure compliance with two quite different sets of rules, says Ezra Zahabi at Akin.

  • How New EU Product Liability Directive Will Affect Tech And AI

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    While the European Union’s new defective product liability directive, effective from December 2026, primarily provides clarifications rather than significant changes, it reflects the EU's commitment to addressing consumer protection and accountability challenges presented by the digital economy and artificial intelligence, say lawyers at Latham.

  • What Latest FCA Portfolio Letter Means For Payments Firms

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    Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.

  • Court Backlog Could Alter Work Safety Enforcement Priorities

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    While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.

  • New CMA Powers Will Change Consumer Protection Regime

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    The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.

  • What To Note In EU Tech Transfer Agreements Consultation

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    Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.

  • UK Refusal Of US Extradition Request May Set New Standard

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    The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.

  • Insights On ESMA's Alternative Investment Fund Consultation

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    Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.

  • How UK Supreme Court May Assess Russia Sanctions Cases

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    In two recent U.K. Supreme Court cases challenging the U.K. Russia sanctions regime, the forthcoming judgments are likely to focus on proportionality and European Convention on Human Rights compatibility, and will undoubtedly influence how future challenges are shaped, says Leigh Crestohl at Zaiwalla.

  • How EU Digital Act Could Shape UK Technology Disputes

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    Noncompliance with the recently effective European Union Digital Operational Resilience Act will add layers of complexity to disputes and litigation for U.K.-based firms servicing EU entities, but international standards may serve as a bridge between jurisdictional and contractual misalignments, says Siobhan Forster at Alvarez & Marsal.

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