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Corporate Crime & Compliance UK
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November 10, 2025
Chinese Woman Fled To UK To Avoid Arrest Over Crypto Scam
A Chinese fugitive convicted in the U.K. in the largest money laundering investigations in history used a network of associates to flee China's police before settling down using a false identity in England, prosecutors told a London judge on Monday.
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November 10, 2025
Ex-PrivatBank Owners To Pay $3B For Fraud Case Loss
A London court ordered the former owners of PrivatBank on Monday to pay the Ukrainian lender almost $3 billion in compensation for orchestrating an elaborate money-siphoning scheme involving sham loans linked to fictitious commodity trades.
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November 10, 2025
Four Ex-Glencore Employees Deny SFO Bribery Charges
Four former employees of Glencore PLC pleaded not guilty to bribery charges in London on Monday over allegations that they paid bribes to secure lucrative contracts for the commodities and mining giant in West Africa.
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November 10, 2025
Amazon Web Services Manager Loses Whistleblowing Claim
A former senior account manager at Amazon Web Services has lost an employment claim, as a tribunal dismissed his "not well-founded" allegation that he was unfairly ousted after raising what he saw as a conflict of interest over the company's handling of a separate employment dispute.
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November 07, 2025
'Name And Shame' Test Case Ruling Could Embolden FCA
Financial services companies should be ready to engage with consumers when faced with enforcement action, in a lesson from a test case of the reasoning behind a Financial Conduct Authority decision to "name and shame" a company that could encourage bolder naming actions, lawyers said.
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November 07, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Big Technologies file fresh claims against its ousted chief executive, West Ham United FC sue Arthur J. Gallagher Insurance for breach of duty, and RSM UK face a new claim over a company's administration. Here, Law360 looks at these and other new claims in the U.K.
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November 07, 2025
Gov't Floats FCA Powers To Punish Lawyers For AML Lapses
The U.K. government has said it intends to give the Financial Conduct Authority broad powers to enforce anti-money laundering and counter-terrorism regulations against the legal sector, including the ability to issue fines and bans mirroring those imposed against financial firms.
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November 07, 2025
Broker Settles $18.7M Fraud Row With Mexican Insurance Co.
A London-based insurance broker and a Mexican reinsurance business have agreed to settle their $18.7 million row, sparked by the North American company accusing one of the British business' agents of faking documents for non-existent arrangements and pocketing the cash.
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November 07, 2025
PE Firm Claims Restaurateur Lied To Secure €9.3M Investment
A private equity firm's special purpose vehicle has alleged that a French restaurant manager lied about his previous work experience in order to secure a €9.3 million ($10.8 million) investment for a botched venture to launch a food chain.
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November 07, 2025
Ex-Commerzbank Analyst Jailed For Fake Harassment Claims
A former Commerzbank analyst was sentenced to more than a year in prison by a London judge Friday for making false allegations of discrimination and sexual harassment in an employment tribunal against his former colleague.
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November 07, 2025
Record Number Of Modern Slavery Cases Reported In UK
A record 6,414 potential victims of modern slavery were reported to the Home Office between July and September, the highest number received in a single quarter since the National Referral Mechanism began in 2009.
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November 06, 2025
EU Authorities Probe Suspected €61.5M VAT Fraud Ring
European Union authorities carried out search and seizure operations Thursday in Austria as part of an investigation into a suspected cross-border value-added-tax fraud scheme that has purportedly resulted in an estimated total of €61.5 million ($71 million) in unpaid taxes.
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November 06, 2025
FRC Fines BDO £5.9M Over Audit Misconduct Admissions
The accounting watchdog said Thursday it has fined BDO £5.85 million ($7.7 million) and fined its former audit engagement partners John Everingham and Kevin Cook separate amounts for misconduct relating to the supervision of a dishonest former senior manager.
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November 06, 2025
Irish Central Bank Fines Coinbase €21M For AML Breaches
Ireland's central bank fined cryptocurrency exchange Coinbase €21.4 million ($24.7 million) on Thursday for breaking anti-money laundering rules after it failed to adequately screen transactions worth billions of euros, some of which it later tied to organized crime, fraud and scams.
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November 06, 2025
German Watchdog Fines JP Morgan €45M For AML Failures
German financial regulator BaFin said Thursday it has hit pan-European bank JP Morgan SE in Frankfurt with its largest-ever fine of €45 million ($52 million) for breaching anti-money-laundering rules.
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November 06, 2025
Solicitor Avoids Suspension Over Fraudulent Property Deals
A solicitor who failed to prevent a number of fraudulent or potentially fraudulent property deals can continue to practice after the profession's tribunal declined to impose an immediate suspension on Thursday.
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November 06, 2025
Deutsche Börse And Nasdaq Face EU Derivatives Cartel Probe
The European Commission revealed Thursday that it is investigating Deutsche Börse and Nasdaq over possible collusion to avoid competing for the listing, trading and clearing of financial derivatives.
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November 06, 2025
UEFA Strengthens Ties With Europol To Fight Corruption
Europol and UEFA have extended their collaboration to crack down on corruption in football by agreeing to share information on issues like money laundering, illegal betting and financial manipulation, the organizations said.
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November 06, 2025
Shell, Equinor Merger Faces Enviro Calls For UK Tax Probe
Environmentalist groups urged HM Treasury on Thursday to investigate the alleged £1.3 billion ($1.7 billion) tax savings that energy businesses Shell and Equinor will make if they merge their U.K. operations.
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November 05, 2025
Phone Companies Promise To Tackle UK Number Spoofing
Major mobile phone networks have pledged to collaborate to prevent criminals from exploiting their systems by committing fraud through methods like spoofing U.K. numbers, the government announced Wednesday.
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November 05, 2025
NHS Chief Fired Amid Letby Probe Wins Whistleblower Case
A former NHS hospital chief executive who raised concerns about governance and leadership at the trust where Lucy Letby murdered seven babies was unfairly dismissed after senior workers attempted to "engineer" her exit, a tribunal has ruled.
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November 05, 2025
Funder Can't Stop Businessman's Bid To Reopen Asset Fight
A businessman can try to reopen a long-running dispute over the assets of Gerald Smith, a former software company boss with a long history of financial crime, a London judge ruled on Wednesday.
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November 05, 2025
NCA Recovers £12M Of Dinosaur Fossils In POCA Proceedings
Britain's anti-crime agency told a London court Wednesday that it will seek to recover millions of pounds in property, including three dinosaur skeletons worth £12.4 million ($16.2 million), from a Chinese national suspected of being involved in a money laundering scheme.
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November 05, 2025
18 Arrested Over €300M Fake Subscription Fraud Network
European prosecutors revealed Wednesday that 18 people have been arrested on suspicion of setting up a scheme of fake online subscriptions to dating, pornography and streaming services, taking at least €300 million ($345 million) from credit card users.
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November 05, 2025
Nick Candy Wins £4.6M Over Startup's False Apple, LVMH Ties
A London court ruled Wednesday that a former dotcom entrepreneur must pay £4.6 million ($6 million) compensation to Nick Candy, finding that the luxury property developer was duped into investing in a startup by lies about backing from Apple and LVMH Moët Hennessy Louis Vuitton.
Expert Analysis
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Rising To The Task Of Online Safety Act Compliance
The arrival of the Online Safety Act’s deadlines for all in-scope services and children’s access in March and April, enabling the Office of Communications to begin enforcing safety duties regarding illegal content, presents formidable compliance challenges for affected businesses, says Louisa Chambers at Travers Smith.
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Google Win Illustrates Hurdles To Mass Data Privacy Claims
The Court of Appeal's December decision in Prismall v. Google, holding each claimant in a mass data privacy suit must demonstrate an individualized and sufficiently serious injury, demonstrates the difficulty of using representative action to collect damages for misused private information, say lawyers at Seladore Legal.
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What To Know About FCA's UK Listing Rules Proposal
A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise.
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Opinion
UK Gov't Needs To Take Action To Support Whistleblowing Bill
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.
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Issues To Watch At ABA's Antitrust Spring Meeting
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.
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New UK Short Selling Rules Diverge From EU Regs
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.
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How New EU Product Liability Directive Will Affect Tech And AI
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.
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What Latest FCA Portfolio Letter Means For Payments Firms
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.
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ECB Guide Targets Harmonized Cyber Testing Approach
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.
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Court Backlog Could Alter Work Safety Enforcement Priorities
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.
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New CMA Powers Will Change Consumer Protection Regime
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.
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Opinion
Prospects For New Fraud Prevention Prosecution Look Slim
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.
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What's Next After FCA Drops Troubled 'Name And Shame' Plan
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.
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What To Note In EU Tech Transfer Agreements Consultation
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.
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UK Refusal Of US Extradition Request May Set New Standard
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.