Corporate Crime & Compliance UK

  • June 06, 2025

    From Russia With Love? UK Lawyers Mull Sanctions U-Turn

    Finance companies are enlisting white-collar lawyers to draw up plans for tapping back into Russia if the U.S. breaks with its Western allies and eases sanctions, although experts warn that unpredictable political winds mean there are as many risks as opportunities.

  • June 05, 2025

    Meta Pressed By MPs Over Slow Removal Of Harmful Content

    A group of influential MPs said Friday that they have written to Meta asking the Facebook-owner to explain its tardy responses to requests by the City watchdog for the removal of harmful content from financial influencers appearing on its platforms.

  • June 05, 2025

    UK Needs Modern Sanctions Rules, Ex-Lord Chancellor Warns

    The U.K.'s sanctions regime is increasingly unfit for its purpose and must be reformed to tackle complex new forms of aggression such as cyberattacks and economic sabotage, the former lord chancellor urged Thursday.

  • June 05, 2025

    HMRC Loses £47M To Phishing Targeting PAYE Accounts

    HM Revenue & Customs has detected phishing attacks on 100,000 taxpayer accounts, costing the revenue service £47 million ($64 million), the tax authority's new chief executive told members of Parliament.

  • June 05, 2025

    Trading Biz Can't Short Circuit Trial Against Former GC

    A London judge said Thursday that a trading services company must go to trial to prove that its former general counsel misused confidential information, citing a possibility that the business abused the lawyer-client relationship.

  • June 05, 2025

    BHP Tries To Block Criminal Contempt Bid In £36B Dam Case

    BHP urged a London judge on Thursday to throw out contempt proceedings that it has called "extraordinary" in a £36 billion ($50 billion) case over Brazil's worst environmental disaster, arguing that it would relitigate issues that had already been resolved.

  • June 05, 2025

    Credit Suisse Says Greensill Deals Left $440M Debt Unpaid

    Greensill Capital coordinated with SoftBank to enter into "improper" transactions which caused Credit Suisse investors to lose $440 million in debt, a lawyer for a sub-fund for the collapsed Swiss bank told the first day of trial Thursday.

  • June 05, 2025

    Oligarch Can't Appeal Tossed $14B Asset-Stripping Claim

    Imprisoned oligarch Ziyavudin Magomedov cannot challenge a decision to dismiss his $14 billion claim against Transneft, Rostatom, a private equity firm and other entities over an alleged Russian state-led conspiracy to strip his assets in two major port operators, a London appeals court has ordered.

  • June 05, 2025

    Ex-Solicitor Charged With Defrauding Clients Out Of £137K

    A former solicitor and part-time judge appeared at a London criminal court on Thursday accused of defrauding more than a dozen clients by appropriating at least £137,000 ($186,000) in payments to himself.

  • June 05, 2025

    JPMorgan Blocks VTB's Russian Case Over Frozen $156M

    JPMorgan won its fight on Thursday to block VTB Bank from bringing a $156 million case in Russia over frozen funds, as a London court ruled that the Russian lender's claims were "vexatious and oppressive."

  • June 05, 2025

    UK Ransomware Ban Could Boost Cost Of Cyber-Insurance

    The cost of buying cyber-insurance for the public sector and critical infrastructure could rise significantly because of a proposed ban on paying ransomware demands, experts warn, as the U.K. government looks at ways to disrupt the income of online criminals.

  • June 04, 2025

    DWF Argues Privacy Claim A Litigation Ploy At Trial

    DWF Law LLP argued at trial Wednesday that a claim by three people that the law firm unlawfully shared their health data was only brought to "secure an advantage" for their lawyers in separate proceedings against insurers.

  • June 04, 2025

    VTB Bank Unit Beats 'Thinnest Possible' Corporate Raid Case

    A British unit of Russian state-owned VTB Bank has beaten claims in a London court that it was part of a Kremlin-approved corporate raid, with a judge ruling that a steel businessman's evidence against the lender was "the thinnest possible gruel."

  • June 04, 2025

    SFO Reveals £21M Spent On Lawyers In ENRC Court Battles

    The Serious Fraud Office has spent more than £21 million ($28 million) on lawyers fighting its legal battle against Eurasian Natural Resources Corp. over the prosecutor's alleged abuse of its authority during an ill-fated criminal probe of the mining giant.

  • June 04, 2025

    US, UK Clarify Tariffs On Cars, Metals As Trade Talks Continue

    A trade deal between the U.S. and the U.K. that will reduce U.S. tariffs on British cars to 10% and remove those levies on some metals will come into effect "in just a couple of weeks," Prime Minister Keir Starmer told Parliament on Wednesday.

  • June 04, 2025

    Billionaire Defends Asset Freeze Amid $415M Fraud Case

    Mexican billionaire Ricardo Salinas Pliego on Wednesday told a London appeals court Wednesday that a man who allegedly defrauded him out of more than $415 million was "grasping at straws" in an attempt to escape an asset-freezing order. 

  • June 04, 2025

    Dutch Court Sentences Man To 6 Months In €40M VAT Fraud

    A Netherlands court sentenced a man to over six months in prison for his role in a €40 million ($45.7 million) value-added tax fraud scheme connected to a larger investigation, the European Public Prosecutor's Office said Wednesday.

  • June 04, 2025

    Bogus Doctor Must Repay NHS £407K For 20 Years Of Fraud

    A bogus doctor who was sent to prison for forging her medical qualifications and fraudulently working as a psychiatrist in the U.K. has been ordered to pay more than £407,000 ($552,000) or face two more years behind bars.

  • June 04, 2025

    Lloyd's Broker Faces 2027 Trial Over $3M Bribery Scheme

    A Lloyd's of London broker is scheduled to stand trial in 2027 over allegations it failed to prevent its associates in the U.S. from bribing an Ecuadorian official in exchange for lucrative reinsurance contracts worth $38 million.

  • June 04, 2025

    Analyst Says Sister's Trades Were Chance, Not Insider Dealing

    A former hedge fund analyst did not share confidential information on companies with his sister, his defense counsel told jurors at a London criminal trial on Wednesday, saying she probably traded on market-sensitive information that she heard him discussing on work calls.

  • June 04, 2025

    Police Crack Down On UK Insurance 'Ghost-Broking' Fraud

    The financial crime police unit has said it has carried out a national campaign to target the rise of "ghost-broking" fraud, which is on the rise fueled by social media.

  • June 03, 2025

    Apple Challenging EU's Interoperability Requirements

    Apple is challenging new rules imposed by European enforcers that require iPhones and iPads to work more seamlessly with third-party devices, saying the rules create privacy and security risks for users and threaten to hamper innovation.

  • June 03, 2025

    Lawyer Given Suspended Sentence In Germany Over Cum-Ex

    A business lawyer who was partly responsible for running a €428 million ($488 million) tax fraud scheme was issued a suspended sentence of almost two years, according to a verdict Tuesday in a Bonn court.

  • June 03, 2025

    HS2 To Pay £319K Over Whistleblower's Exclusion

    The company behind high-speed rail project HS2 has agreed to pay a former analyst more than £319,000 ($431,500) after he accused the company of excluding him from two roles following his warning that cost forecasts were being manipulated to secure funding.

  • June 03, 2025

    New FCA Enforcement Guide Revises Rules On Case Publicity

    The Financial Conduct Authority on Tuesday released its revised enforcement guide, setting out additional circumstances when it may publicize investigations.

Expert Analysis

  • How CMA Is Responding To UK Gov't Pro-Growth Agenda

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    With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes.

  • US Diversity Policies Present Challenges To UK And EU Cos.

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    Following President Donald Trump’s recent executive orders calling for increased scrutiny of diversity, equity and inclusion initiatives, it is clear that global businesses operating in the U.K. and European Union will need to understand regional nuances to successfully navigate differing agendas on either side of the Atlantic, say lawyers at Jenner & Block.

  • Updated EU Procedure Streamlines Data Transfer Approval

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    The European Data Protection Board’s updated approval procedure for binding corporate rules for transfers of personal data to non-European Union countries promotes consistency for regulator communications during the application process, and sets expectations for processing timelines, say lawyers at Hogan Lovells.

  • What Cos. Must Note From FCA Bulletin On Leaking M&A Info

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    The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.

  • FCA's Odey Decision Is Wake-Up Call For Financial Firms

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    The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.

  • How Ransomware Payment Reforms Could Affect UK Cos.

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    The Home Office’s recent proposals to ban ransomware payments by publicly owned bodies is a welcome first step in its aims to tackle the cybercrime industry, but the risk remains that hackers will now focus on private companies that are still permitted to pay a ransom, says Dominic Holden at Lawrence Stephens.

  • Key Takeaways From The 2025 Spring Antitrust Meeting

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    Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.

  • Rising To The Task Of Online Safety Act Compliance

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    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.

  • Google Win Illustrates Hurdles To Mass Data Privacy Claims

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    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.

  • What To Know About FCA's UK Listing Rules Proposal

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    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.

  • 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.

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