Corporate Crime & Compliance UK

  • October 02, 2025

    Commerzbank Says Analyst Made Bogus Harassment Claims

    Commerzbank urged a London judge on Thursday to find a former analyst was in contempt for making "wholly bogus" allegations of sexual harassment in an employment tribunal against his former colleagues.

  • October 02, 2025

    Deutsche Sued By Bankers Tied To Monte Dei Paschi Case

    Deutsche Bank has been hit with legal claims in London by five former employees who were convicted and subsequently acquitted for aiding false accounting and market manipulation in one of Italy's biggest financial sandals, according to High Court filings published Tuesday. 

  • October 02, 2025

    Denmark Loses £1.4B Cum-Ex Fraud Case Against UK Trader

    Denmark lost on Thursday its £1.4 billion ($1.9 billion) legal claim against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.

  • October 02, 2025

    FCA's Crypto Rules Risk Abuse Without Tailored Safeguards

    The proposed U.K. crypto-asset regime risks abuse because it tries to clamp traditional finance rules on to a digital asset class, leaving gaps which expose unwary investors to criminals unless new safeguards are added, legal experts have warned.

  • October 01, 2025

    Daily Mail Publisher Seeks To Contain Celebs' Privacy Claims

    The publisher of U.K. tabloid The Daily Mail sought to prune claims brought by public figures including Prince Harry over alleged unlawful information-gathering techniques, arguing Wednesday that they should be restricted to specific allegations of wrongdoing.

  • October 01, 2025

    Law Firm Denies Liability Over Fraudulent Property Deal

    A regional law firm said it should not be liable to pay nearly £1 million ($1.35 million) to a property developer for representing a fraudster posing as the owner of a London property, saying it believed the sale was a genuine transaction.

  • October 01, 2025

    FCA Gives Chancellor 4-Point Plan For Consumer Duty

    The Financial Conduct Authority has given the chancellor of the exchequer a four-part plan to change the Consumer Duty, with additional legislative steps for the Treasury to take, setting out its proposals in a letter published Wednesday.

  • October 01, 2025

    FRC Eyes Public, Accelerated Action For Audit Breaches

    The accounting watchdog set out proposals on Wednesday to enhance its enforcement approach, introducing new options for more targeted and faster action against auditors that break the rules, including publication of cases it has pursued.

  • October 01, 2025

    Bank CEO Cleared Of Dishonestly Assisting £415M Tax Fraud

    A Caribbean bank and its former chief executive have been cleared of dishonestly assisting a £415 million ($558 million) value-added tax fraud as a London court ruled that he did not know about the scheme to defraud tax authorities.

  • October 01, 2025

    Betfred Operator Hit With Fine For Misleading Slot Practices

    The gambling watchdog revealed Wednesday that it has hit the online gambling company which runs Betfred with a £240,000 ($324,000) fine for operating slot games that celebrated losses as wins and failed to show customers their total winnings versus losses.

  • September 30, 2025

    Credit Suisse Aided Looting Of Tech Exec's Stock, Suit Says

    The co-founder of sensing-tech company Aeva Technologies says Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars in Aeva shares from him in what he described as a "calculated, multi-year orchestrated racketeering scheme," according to a suit filed Tuesday in New York federal court.

  • September 30, 2025

    Data Biz Exec Denies Helping To Hide Property Mogul Assets

    A data center executive has denied conspiring to hide assets belonging to property mogul Andrew Ruhan from the liquidators of a hotel company, telling a London court that Ruhan's employment at his company was not a sham.

  • September 30, 2025

    Pharma Supplier Hit With Fine For Russian Sanctions Breach

    Britain's sanctions watchdog revealed on Tuesday that it has fined a subsidiary of global pharmaceutical supplier Colorcon Inc. £152,750 ($206,000) for breaching sanctions against Russia by paying thousands of pounds to employees in Moscow.

  • September 30, 2025

    Briton Who Beat Extradition To Be Sentenced For Crypto-Theft

    A London criminal court told a British man Tuesday that he will be sentenced in December for stealing millions of pounds worth of cryptocurrency, more than two years after he avoided extradition to the U.S.

  • September 30, 2025

    FCA Staffer Axed For Harassment Loses Fair Trial Appeal

    A London appeals judge rejected an argument on Tuesday from a former employee of the Financial Conduct Authority that an earlier tribunal had denied him a fair trial in his unfair dismissal claim against the watchdog.

  • September 30, 2025

    Ex-Havilland CEO Knew Of Qatar Currency Plot, FCA Says

    The former chief executive of Banque Havilland's U.K. branch must have known about the content of a presentation outlining a plan to devalue Qatar's currency, the Financial Conduct Authority told the closing stages of an appeal hearing at a tribunal Tuesday.

  • September 30, 2025

    Fixer Admits Money Laundering In £5B Crypto-Fraud Case

    A fixer for a Chinese woman who fled her country amid allegations of fraud admitted at a London court Tuesday to laundering cryptocurrency on her behalf, after police said they had seized £5.5 billion ($7.4 billion) in virtual currency in its investigation into the case.

  • September 30, 2025

    Ex-Law Firm Paralegal Barred After £11K Theft From Clients

    A former paralegal sentenced to prison for stealing more than £11,000 ($14,785) from two vulnerable clients has been banned by the solicitors' regulator.

  • September 30, 2025

    New UK Task Force To Investigate COVID Loan Fraud

    HM Treasury has unveiled plans for a new investigations team backed with £17.5 million ($23.5 million) of government funding that will have the power to issue "huge fines" to go after those who abused COVID-19 bounce back loans.

  • September 30, 2025

    6 In 10 SMEs Hit By Cyberattack In 2025, Hiscox Says

    Some 59% of small and midsized enterprises have said they experienced a cyberattack in the last year, Hiscox said Tuesday, highlighting the evolving threat posed by criminals adapting to new technologies to exploit businesses. 

  • September 29, 2025

    Woman Cops To Money Laundering In £5B Crypto-Fraud Case

    A Chinese woman who fled her country amid allegations she defrauded 128,000 people pleaded guilty to money laundering charges in London on Monday as police said they seized a record £5.5 billion ($7.4 billion) in cryptocurrency.

  • September 29, 2025

    SFO Denies $7.7M Seizure From Ex-Petrobras Exec Is Political

    The Serious Fraud Office defended on Monday its $7.7 million seizure from a former Petrobras executive, telling a court that the case was rooted in evidence of corruption and not as a "catspaw" influenced by shifting political winds in Brazil.

  • September 29, 2025

    EuroChem Can Appeal €212M Bond Ruling Over EU Sanctions

    A London court granted EuroChem permission on Monday to appeal against a ruling that Société Générale and Dutch lender ING rightly refused to pay out on €212 million ($249 million) worth of bonds to the agricultural chemicals company's Russian subsidiary.

  • September 29, 2025

    EU Council Reinstates Sanctions Over Iran's Nuclear Activities

    The European Union said on Monday that it will reimpose sanctions on Iran, following the lead of the United Nations, which brought back restrictions over concerns that the Middle Eastern country had breached a commitment to halt its nuclear weapons development.

  • September 29, 2025

    Most Investors Fear Greenwashing In ESG Investments

    A financial services trade body said Monday it has discovered that most private investors are concerned about greenwashing in investments and even more prioritize performance over sustainability. 

Expert Analysis

  • Drafting Settlement Agreements That Avoid Future Disputes

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    Several recent U.K. rulings highlight the importance of drafting precise settlement agreements to prevent time-consuming and costly disputes over what claims the agreements were meant to cover, says Michelle Radom at Osborne Clarke.

  • Int'l Treaties May Aid Investors Amid UK Rail Renationalization

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    The recently introduced Passenger Railway Services Bill seeks to return British railways to public ownership without compensating affected investors, a move that could trigger international investment treaty protections for obligation breaches, says Philipp Kurek at Signature Litigation.

  • What EU Opinion May Mean For ESG Product Classification

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    The recently issued European Supervisory Authority opinion on the Sustainable Finance Disclosures Regulation offers key recommendations, including revising the definition of sustainable investments and making principal adverse impacts consideration mandatory, that could sway the European Commission’s final approach to product classification, say lawyers at Debevoise.

  • EU Competition Report Spotlights Areas For Future Focus

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    The European Commission’s recent report on protecting competition highlights the importance of safeguarding innovation and preventing exploitative conduct by dominant firms, signaling that strong and focused law enforcement is to remain a priority with an even greater application of abuse-of-dominance rules, say Nicole Kar and Charlotte Mann at Paul Weiss.

  • A Primer On EU's Updated Human Substance Regulations

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    The European Union's updated standards regarding quality and safety of substances of human origin meant for human application carry significant implications for companies that work with cells and tissues, and U.S. companies active in the EU market should pay particular attention to the import and export rules, say Geneviève Michaux and Georgios Symeonidis at King & Spalding.

  • Autonomy Execs' Acquittal Highlights Good Faith Instruction

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    The recent acquittal of two former Autonomy executives demonstrates that a good faith jury instruction can be the cornerstone of an effective defense strategy in white collar criminal cases, in part because the concept of good faith is a human experience every juror can relate to, says Sara Kropf at Kropf Moseley.

  • Implications Of The EU AI Act For Medtech Companies

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    Lawyers at Hogan Lovells discuss challenges the medtech sector faces in conforming with the requirements of the recently enacted European Union Artificial Intelligence Act, and the necessity for a detailed comparison with existing legislation to identify and address potential gaps.

  • Insurance Rulings Show Court Hesitancy To Fix Policy Errors

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    Two recent Court of Appeal insurance decisions highlight that policyholders can only overcome policy drafting errors and claim coverage if there is a very obvious mistake, emphasizing courts' reluctance to rewrite contract terms that are capable of enforcement, says Aaron Le Marquer at Stewarts.

  • What New UK Listing Rules Mean For Distressed Companies

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    The Financial Conduct Authority’s recently published overhaul of U.K. listing rules makes it easier for advisers to restructure distressed listed companies, and in moving to a more disclosure-based approach, simplifies timelines and increases opportunities for investors, say Kate Stephenson and Sarah Ullathorne at Kirkland & Ellis.

  • AI Reforms Prompt Fintech Compliance Considerations

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    With the EU Artificial Intelligence Act's Aug. 1 enforcement, and the U.K.'s new plans to introduce AI reforms, fintech companies should consider how to best focus limited resources as they balance innovation and compliance, says Nicola Kerr-Shaw at Skadden.

  • Irish Businesses Should Act Now To Prepare For EU AI Act

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    Artificial intelligence is increasingly transforming the Irish job market, and proactive engagement with the forthcoming European Union AI Act, a significant shift in the regulatory landscape for Irish businesses, will be essential for Irish businesses to responsibly harness AI’s advantages and to maintain legal compliance, say lawyers at Pinsent Masons.

  • Takeaways From World Uyghur Congress Forced Labor Ruling

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    The Court of Appeal’s recent judgment in the World Uyghur Congress' case against the National Crime Agency confirms that companies dealing in goods that they suspect to be products of forced labor are potentially liable to criminal prosecution, presenting significant legal risks that cannot always be mitigated through conducting supply chain due diligence, say lawyers at King & Spalding.

  • 10 Ways To Manage AI Risks In Service Contracts

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    With the European Union Artificial Intelligence Act coming into force on Aug. 1 and introducing a new regulatory risk, and with AI technology continuing to develop at pace, parties to services arrangements should employ mechanisms now to build in flexibility and get on the front foot, says James Longster at Travers Smith.

  • What Future May Hold For AI Innovation In UK Under Labour

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    Labour’s recent King's Speech was notable in its absence of discussion of a comprehensive artificial intelligence bill, and while this may indicate to many that the UK is open for business, the party’s approach to cross-sectoral engagement will be critical for shaping Britain's AI landscape in the near term, says Alexander Amato-Cravero at Herbert Smith.

  • Unpacking The New Concept Of 'Trading Misfeasance'

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    In addition to granting one of the largest trading awards since the Insolvency Act was passed in 1986, the High Court recently introduced a novel claim for misfeasant trading in Wright v. Chappell, opening the door to liability for directors, even where insolvent liquidation or administration was not inevitable, say lawyers at Greenberg Traurig.

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