Corporate Crime & Compliance UK

  • August 26, 2026

    FCA Bans Trio Over £36M Scheme To Bypass UK Visa Rules

    The finance watchdog said Wednesday that it has banned three former senior figures at wealth manager Dolfin from working in the regulated financial services sector after finding they operated a scheme that helped clients circumvent U.K. visa requirements for investors.

  • August 25, 2026

    Ex-FCA Employee Seeks To Bring Surveillance Challenge

    A former employee of the Financial Conduct Authority who was dismissed for gross misconduct urged a London court Tuesday to allow him to bring a challenge against a specialist tribunal's decision to deny him the chance to sue his former employer for surveilling him.

  • August 25, 2026

    Director Behind £19M Fraud Hit With Forgery Contempt Claims

    The liquidators of a payroll services business persuaded a court on Tuesday to allow them to bring fresh contempt allegations against the company's former director, who allegedly used a forged medical report in order to adjourn an earlier contempt hearing.

  • August 25, 2026

    Solicitor Can't Rejoin Profession After No-Insurance Strike-Off

    A solicitor struck off for dishonesty and practicing without valid insurance failed Tuesday in his bid to return to the profession, after a tribunal reasoned that he had not demonstrated sufficient rehabilitation or exceptional circumstances warranting his restoration to the roll.

  • August 25, 2026

    AI Use By Wealth Managers Ramps Up Financial Crime Risk

    The use of artificial intelligence by wealth managers will amplify weak financial crime controls identified by the Financial Conduct Authority and increase the threat of crime, lawyers warned.

  • August 25, 2026

    Latham-Led Melrose Sets Up $100M Compensation Fund

    Aircraft manufacturer Melrose said Tuesday it has launched a compensation program worth up to $100 million in California following a toxic chemical scare that halved a plant's output and forced the evacuation of residents and businesses.

  • August 24, 2026

    Tribunal Backs High Bar For Whistleblowers, But Grants Appeal

    The Employment Appeal Tribunal has ruled that a hotel staffer fired after 18 days on the job should get another chance at being paid while he pursues his whistleblowing claim, and the court endorsed new guidance setting a "high bar" for success for a growing number of interim relief applications.

  • August 24, 2026

    Fraud Taskforce Chief Shifts Focus Amid 'Systemic' Warnings

    Fraud is a "systemic threat" to financial institutions and must be addressed by governments worldwide to crack international criminal networks, the president of the Financial Action Task Force said Monday.

  • August 24, 2026

    FCA Urges Big Tech To Take 'Proactive' Anti-Fraud Steps

    Big tech companies must pull their weight to stop fraudsters by adopting a more "proactive" approach toward preventing their platforms from being exploited, the Financial Conduct Authority said Monday.

  • August 24, 2026

    Insurers Bid To Pull Petrofac Execs' Cover Before Bribery Trial

    Nine Lloyd's insurers are trying to avoid covering the criminal defense costs of two former Petrofac executives ahead of their bribery trial in October, arguing that the executives failed to disclose matters relating to their alleged offenses as part of their directors' and officers' insurance.

  • August 24, 2026

    SFO's Wagstaff Vows To Hunt Assets For 'As Long As It Takes'

    The Serious Fraud Office will track down illicit money stolen by fraudsters "for as long as it takes" after their conviction to help ensure that crime does not pay, the agency's legal chief said Monday. 

  • August 21, 2026

    Consultant Should Have Flagged VAT Fraud, UK Court Affirms

    A U.K. appeals court backed HM Revenue & Customs' denial of an information technology company's nearly £1.7 million ($2.3 million) value-added tax deduction, holding Friday that the company's consultant should have recognized fraudulent VAT evasion elsewhere in related supply chains.

  • August 21, 2026

    AI Disclosure Reforms May Shift UK Fraud Fight Tactics

    Landmark reforms that hand prosecutors powerful new artificial intelligence tools could ease the disclosure burdens on investigators in economic crime cases but will likely also shift the battlelines with defense lawyers, experts say.

  • August 21, 2026

    Investor Sues AI Imaging Biz Over Board Meeting Ostracism

    A Virgin Islands-based investor has sued a British artificial intelligence medical imaging company for allegedly excluding its appointed observer from board meetings and withholding documents that would allow the investor to monitor its $4 million investment.

  • August 21, 2026

    Prince Harry, Celebs Ordered To Pay £9.5M To Daily Mail

    A London judge ordered Prince Harry and other celebrities Friday to pay the publisher of the Daily Mail more than £9.5 million ($12.9 million) toward its costs in their unsuccessful privacy case, though the final figure could be much higher.

  • August 21, 2026

    NHS Waste Contractor Boss Banned Until 2035

    A former waste disposal boss has been banned from being a director for almost a decade, after a court ruled he stripped millions of pounds from his business. 

  • August 21, 2026

    Young's Brewery Chef Loses Whistleblowing Claim

    The former head chef at a Young's country pub has lost his claim that he was constructively dismissed after raising concerns over safety and food hygiene.

  • August 21, 2026

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

    The past week in London has seen former Liberal Democrat MP Mark Oaten sue a fur auction house, private equity and pensions magnate Edmund Truell hit by a commercial fraud claim and Charles Russell Speechlys file a contract claim against two of its previous clients in the Middle East.

  • August 20, 2026

    Deutsche Bank Freed From Fed's 2017 Forex-Rigging Order

    The Federal Reserve has terminated a 2017 enforcement action that required Deutsche Bank to pay nearly $137 million over its alleged role in Wall Street's foreign exchange rate-rigging scandals.

  • August 20, 2026

    HMRC Resumes Late-Filing Penalties For Corporate Tax

    HM Revenue & Customs is resuming the issuance of late-filing penalties for corporation tax after pausing the system to incorporate higher rates, the tax authority said Thursday.

  • August 20, 2026

    Director Must Disclose Info For $6M Investment Fraud Claim

    A British business director could face a $6 million fraud claim after a London judge ruled Thursday that he must disclose records from his investment business to the family behind an international textile company.

  • August 20, 2026

    FCA Flags Mini-Bond, Loan Note Risk After Woodville Crash

    The Financial Conduct Authority warned Thursday about the dangers of investing in high-risk loan notes and mini-bonds following the collapse of litigation funder Woodville Consultants Ltd.

  • August 20, 2026

    Ex-Law Firm Manager Struck Off Over Client Account Misuse

    A former manager at a northeast England law firm has been struck off after the firm was shut down by the Solicitors Regulation Authority in 2023, with approximately £451,000 ($615,000) of client money missing because of improper transfers from its client account.

  • August 20, 2026

    Unregulated Finance Firm Faces £55M Fraud Claim

    Two investment firm partners are being sued by a client who claims they ran a £55 million ($75 million) fraud at their new business, more than a decade after they were banned from working for regulated financial services companies.

  • August 20, 2026

    Online Gambling Biz Fined For AML, Social Harm Failures

    The Gambling Commission said Thursday it has fined the operator of an online gambling site more than £609,000 ($832,000) as part of a settlement after finding failures in its anti-money laundering and social responsibility controls. 

Expert Analysis

  • Decoding Arbitral Disputes: Arbitrator's Conviction Upheld

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    The Supreme Court of Spain recently upheld the criminal conviction of arbitrator Gonzalo Stampa for grave disobedience to judicial authority, rejecting the proposition that an arbitrator's independence can prevail over a court order retroactively disabling the very judicial act conferring arbitral jurisdiction, says Josep Galvez at 4-5 Gray's Inn.

  • Reviewing EU Competition Policy 1 Year After Draghi's Report

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    Implementation of the Mario Draghi report’s proposals to revamp European Union competition policy is currently case-specific, making it less visible, and more needs to be done in the way of merger review and antitrust enforcement, say lawyers at Linklaters.

  • 5 Ways To Address The Legal Risks Of Employee AI Use

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    Employees’ use of unauthorized artificial intelligence tools has become a regulatory issue, and in-house legal counsel are best placed to close the gap between governance controls and innovation, mitigating the risk of organizations' exposure to noncompliance with European Union and U.K. data protection requirements, say lawyers at MoFo.

  • Opinion

    New US-UK Tech Deal Offers Opportunities To Boost Growth

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    The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.

  • What Draft AML Reforms Mean For UK Financial Sector

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    HM Treasury’s recently published draft regulations amending the U.K. Money Laundering Regulations, although not as material as expected, are a step toward a targeted risk-based approach, which the industry will welcome, say lawyers at Ropes & Gray.

  • What Key EU Data Ruling Means For Cross-Border Transfers

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    The European Union Court of Justice’s recent judgment in European Data Protection Supervisor v. Single Resolution Board takes a recipient-specific approach concerning pseudonymized information, but financial services firms making international transfers should follow the draft EU Data Protection Board guidelines’ current stricter approach, says Nathalie Moreno at Kennedys Law.

  • EU-US Data Transfer Ruling Offers Reassurance To Cos.

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    The European Union General Court’s recent upholding of the EU-U.S. Data Privacy Framework in Latombe v. European Commission, although subject to appeal, provides companies with legal certainty for the first time by allowing the transfer of European Economic Area personal data without relying on alternative mechanisms, say lawyers at Wilson Sonsini.

  • Supreme Court Ruling Stands Firm On Trust Law Principles

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    The U.K. Supreme Court’s recent strict application of trust law in Stevens v. Hotel Portfolio may render it more difficult for lawyers in future cases to make arguments based on a holistic assessment of the facts, says Olivia Retter at Quinn Emanuel.

  • FCA's Woodford Fine Sends Warning To Fund Managers

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    The Financial Conduct Authority’s recent decisions concerning Neil Woodford and the collapse of Woodford Investment Management mark an important moment for the U.K. investment industry, underscoring the regulator's focus on senior managers' personal accountability and the importance of putting investors’ interests at the heart of decision-making, say lawyers at Irwin Mitchell.

  • How Data Use Act Tightens Complaint Handling Procedures

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    Recently effective Data Use Act procedural requirements are coinciding with an artificial intelligence-driven increase in complaints from users about data subject access request responses, so organizations need to formalize their grievance process to prevent intervention by the Information Commissioner's Office and potential penalties, say lawyers at Womble Bond.

  • UK Supreme Court Dissent May Spark Sanctions Debate

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    While the recent U.K. Supreme Court's rejection of Eugene Shvidler’s appeal determined that sanctions decisions are primarily the government’s preserve, Justice Leggatt’s dissenting view that judges are better placed to assess proportionality will cause ripples and may mark a material shift in how future appeals are approached, say lawyers at Seladore.

  • What EBA Report Means For Non-EU Financial Firms

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    In a recent report concerning unregulated third country banks, the European Banking Authority decided not to extend a bank-to-bank exemption under the Capital Requirements Directive, raising a number of compliance issues for cross-border services, say lawyers at A&O Shearman.

  • HMRC's Automation Shift Likely To Alter Tax Adviser Role

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    HM Revenue & Customs’ recently released digital transformation road map promises greater efficiency and a modernized compliance regime, but the increased automation could also mean that the tax adviser role will become more proactive and more defensive, say lawyers at RPC.

  • What UK's New Prosecution Guidance Means For Compliance

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    Recent guidance from the U.K.'s Serious Fraud Office and Crown Prosecution Service, aligning their approach with the Economic Crime and Corporate Transparency Act, offers a timely prompt for corporate boards and legal teams to update their risk management frameworks, say lawyers at Signature Litigation.

  • Viral Comms Crises Create Dual Corp. Governance Threats

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    As legislative hearings increase in frequency and social media fuels their reputational impact, corporate legal teams face a new dual challenge that reflects a fundamental shift in accountability and demands new strategies, governance frameworks and organizational capabilities, says Joanna Ludlam at Jenner & Block.

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