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Corporate Crime & Compliance UK
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June 27, 2025
Dubai Man Banned From Doing Biz In UK Over £1.1M Tax Debt
A Dubai-based businessman is banned from directing companies in the U.K. after running up £1.1 million ($1.5 million) in tax debts and unpaid penalties with HM Revenue & Customs, including £400,000 in falsely claimed value-added tax refunds, the government's business authority said.
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June 27, 2025
SRA Requests Post Office Files In Horizon IT Scandal Probe
The English solicitors' watchdog has asked a London court to compel the Post Office to hand over documents to the regulator's investigation into lawyers who worked for the company, following the Horizon IT scandal.
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June 27, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the British Basketball Federation sued by members of the men's professional basketball league for alleged competition breaches, songwriter Coco Star file an intellectual property claim against Universal Music Publishing, and the Solicitors Regulation Authority file a claim against the Post Office amid ongoing investigations into law firms linked to the Horizon IT Scandal. Here, Law360 looks at these and other new claims in the U.K.
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June 27, 2025
Ex-NASA Scientist Pleads Guilty To £1M Investment Fraud
A former NASA scientist has admitted a £1 million ($1.4 million) fraud that "fleeced unwitting investors" while he operated an investment business without authorization, the Financial Conduct Authority said on Friday.
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June 27, 2025
ICO Secures Guilty Verdicts In Massive Data Misuse Case
The director of a legal funding company and seven other men have been convicted over a personal injury data conspiracy at an English court, the U.K.'s data regulator has said.
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June 27, 2025
HMRC Beats Dentist's Appeal Over Tax Avoidance Scheme
A dental practice has failed to overturn a finding that it engaged in tax avoidance by making loan payments to its owner through a trust, after an appeals court Friday found that the payments fall to be taxed as income.
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June 27, 2025
FCA Flags Poor Risk Management Practices At Payment Firms
The Financial Conduct Authority has revealed that payment services companies displayed inadequate risk management in every case it examined in a multi-company review.
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June 26, 2025
Microsoft Can Appeal IP Ruling In £270M Antitrust Case
The Competition Appeal Tribunal on Thursday allowed Microsoft to challenge the tribunal's jurisdiction over copyright law issues that arose out of a £270 million ($370 million) antitrust claim against the technology titan.
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June 26, 2025
Law Firm Settles Crypto Fraud Victim's Negligence Claim
A boutique investment fraud law firm and a cryptocurrency fraud victim have inked a settlement to end a claim accusing the firm of providing negligent advice to recover £500,000 ($687,600) in stolen funds.
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June 26, 2025
BHP Fails To Block Contempt Bid In £36B Dam Disaster Battle
BHP lost its bid on Thursday to block Brazilian municipalities from bringing criminal contempt proceedings in a £36 billion ($50 billion) case over Brazil's worst environmental disaster, with a London court ruling there were reasonable grounds to argue the mining giant was in contempt.
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June 26, 2025
SFO Joins Global Anti-Corruption Alliance To Combat Bribery
The Serious Fraud Office said Thursday it has joined an international and multi-agency team that investigates major corruption to bolster the U.K.'s ability to fight white collar crime and illicit cross-border finance.
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June 26, 2025
Businessman To Stand Trial In Malawi Bribery Case In 2027
A British businessman accused of making corrupt payments to the former vice-president of Malawi, the country's former solicitor general and other high-ranking officials appeared before a London judge on Thursday to be told he won't stand trial for two years.
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June 26, 2025
SRA Taps FRC Exec To Lead Regulator Past Controversies
The Solicitors Regulation Authority said Thursday that it has appointed a senior executive from the U.K. accounting watchdog as its new chief executive, as the regulator navigates a turbulent period marked by high-profile scandals and increased scrutiny.
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June 26, 2025
Audit Watchdog Sets New Guidance For 'Black Box' AI
Britain's accounting watchdog warned Thursday in new guidance on using artificial intelligence in audits that the opacity of AI models makes it crucial for firms to document how they are controlled.
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June 26, 2025
Staley Fails To Overturn FCA Ban Over Epstein Ties
Former Barclays boss James "Jes" Staley lost his bid to overturn the Financial Conduct Authority's ban for allegedly lying about his ties to Jeffrey Epstein on Thursday as a London tribunal found he intentionally misled the watchdog's inquiry into their relationship.
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June 25, 2025
Class Certified In Suit Over Oil Market's Historic Price Crash
A Chicago federal judge has certified a class of futures traders who claim Vega Capital London Ltd. and 12 of its traders caused a historic oil crash with an aggressive price manipulation scheme that resulted in oil futures going negative for the first time, saying the plaintiffs have met all the requirements for certification.
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June 25, 2025
Sanctioned Co. Director Convicted Of Failing To Give Info
A sanctioned company director was convicted in a criminal court in London on Wednesday of failing to adequately respond to a request for information by the U.K.'s sanctions agency.
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June 25, 2025
Solicitor Hit With £30K Court Bill Over Fake Car Claims
A solicitor has been handed an eight-month suspended sentence and a £30,874 ($40,871) bill for filing false claims that city potholes in Stoke-on-Trent were damaging cars, following an investigation that uncovered anomalies in his invoices.
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June 25, 2025
Ex-Trowers Pro Loses Disability Claim Over SRA Referral
An employment tribunal has barred a former employee of Trowers & Hamlins LLP from bringing part of a legal claim against the firm after it reported her to the Solicitors Regulation Authority.
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June 25, 2025
Businessman Jailed For Laundering £1.9M For Romance Scam
A businessman who laundered £1.9 million ($2.6 million) in romance scam proceeds through his textiles business has been imprisoned for more than four years, the Crown Prosecution Service said Wednesday.
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June 25, 2025
Sweden Fines Diagnostics Co. $1.25M For Market Abuse
Sweden's financial watchdog has fined a medical diagnostics company 12 million Swedish kronor ($1.25 million) for breaching European Union regulations on market abuse following an investigation into its handling of insider information, the company revealed on Wednesday.
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June 25, 2025
Steptoe Chastised For Breaching Russian Sanctions
The solicitors' regulator has rebuked the U.K. arm of Steptoe International after it breached the terms of its license to act for two clients under the Russian sanctions regime.
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June 25, 2025
Funeral Director In Court Charged With Fraud, Theft
A funeral director appeared at an English criminal court on Wednesday charged with fraud, theft and burial offenses following a police investigation into his business.
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June 24, 2025
Irwin Mitchell Can't Ax Pension Fraud Negligence Claim
A London court on Tuesday denied Irwin Mitchell's bid to scrap a professional negligence suit against a firm it merged with in 2015, but ruled Irwin Mitchell itself is not liable for the advice given to a pensioner in the wake of alleged fraud.
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June 24, 2025
Gov't Eyes Clearer AML Rules Under Industrial Strategy
The U.K. government has laid out plans to introduce "clearer and more proportionate" money laundering regulations in broader plans to boost growth as it dubbed the country's legal sector one of the key drivers.
Expert Analysis
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What To Know About Compliance As EU AI Act Takes Effect
Raj Shah at Mishcon de Reya explains how recently effective provisions of the European Union Artificial Intelligence Act, which concern prohibited AI practices and AI literacy, will affect both providers and users of AI systems, and suggests steps that companies can take now to plug any compliance gaps.
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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.