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Corporate Crime & Compliance UK
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December 10, 2025
Reeves Denies Gov't Authorized UK Budget Leak
British Chancellor of the Exchequer Rachel Reeves told a parliamentary committee Wednesday that she didn't authorize briefings of policy discussions to the media ahead of the autumn budget statement.
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December 10, 2025
Oligarch's Son Loses Claim For €7M Sanctions Compensation
The son of a Russian oil and gas tycoon failed on Wednesday to secure over €7.5 million ($8.7 million) in compensation from the Council of the European Union over unlawful sanctions imposed against him in the wake of Russia's invasion of Ukraine.
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December 10, 2025
British Hacker Gets 2 Years In Prison For $9M Crypto Theft
A British man was sentenced to more than two years in prison on Wednesday in London for his part in an international hacking group that stole millions of pounds worth of cryptocurrency from an American entrepreneur.
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December 10, 2025
EY Probed By FRC Over Unauthorized Auditor Reports
Britain's accounting regulator said Wednesday it has opened a probe into Ernst & Young LLP over its alleged issuing of unauthorized auditor reports.
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December 10, 2025
Final Shipping Companies Settle CAT Cartel Claim For £54M
Lawyers representing millions of motorists who were allegedly charged inflated delivery prices have agreed a £54 million ($71 million) settlement against the final two vehicle shipping companies left in an opt-out class action before a trial judgment could be published.
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December 10, 2025
AML Reforms Could Threaten Legal Privilege, Lawyers Fear
Most legal professionals in the U.K. fear that a government proposal to make the Financial Conduct Authority the sole supervisor of the professional services industry could threaten the protection of confidential communications in the sector, a survey published Wednesday suggests.
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December 10, 2025
Intel Wins €140M Fine Cut But Can't Shake EU Abuse Finding
A European court ruled in favor of competition enforcers on Wednesday, upholding a ruling of abuse of dominance against Intel Corp. but slashing the fine by €140 million ($163 million).
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December 09, 2025
FCA Launches Innovative Data Tool To Fight Financial Crime
The Financial Conduct Authority said Wednesday it has launched an innovative information service to fight financial crime, with the aim of reducing pension, investment and crypto-asset fraud against consumers.
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December 09, 2025
Ex-Entain Execs Say Watchdog Breached Privacy At Trial
Two former executives at the predecessor of betting giant Entain said at the start of a trial Tuesday that Britain's gambling regulator had published information about them which "should have remained private and confidential" in statements about a regulatory review.
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December 09, 2025
COVID Fraud Cost Taxpayers £11B With No Recovery In Sight
Fraud, waste and error cost U.K. taxpayers £10.9 billion ($14.5 billion) during the COVID-19 pandemic as bogus claims for public funds were approved with few safety measures to prevent abuse, Britain's anti-fraud czar said Tuesday.
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December 09, 2025
Brazilian 'Orange King' Cartel Case Dismissed As Time-Barred
A London court has dismissed the claims of more than 1,400 Brazilian orange farmers who alleged the estate and son of the country's "Orange King" took part in a price-fixing cartel, ruling that the allegations are time-barred under Brazilian law.
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December 09, 2025
Google Faces EU Antitrust Probe Over AI Content Practices
Europe's competition watchdog opened a formal investigation into Google on Tuesday into whether the technology giant's practices in training its artificial intelligence models breached antitrust rules.
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December 08, 2025
US Fund Loses $5.4M Bonus Battle With Fired London Trader
A London court ordered a U.S. investment fund to pay $5.4 million to a sacked portfolio manager on Monday, ruling that the company had no right to withhold his discretionary bonus amid criminal probes into his trading.
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December 08, 2025
Lessors Bid To Flip $69M Plane Payment Sanctions Ruling
Aircraft lessors urged the U.K.'s highest court Monday to overturn a ruling that they cannot receive $69.3 million for Russian planes because of sanctions, arguing that a lower court had wrongly found that UniCredit's U.K. branch had rightly withheld payments under letters of credit.
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December 08, 2025
Lawyers In Crosshairs In New Anti-Corruption Crackdown
Corrupt lawyers, accountants and bankers "will be hunted down" under a new anti-corruption strategy unveiled by the government on Monday, which will crack down on enablers facilitating bribery and illicit finance in the U.K.
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December 08, 2025
Hamlins Partner Cleared Of Journalist Blackmail Allegations
A disciplinary tribunal dismissed allegations on Monday that a Hamlins LLP partner blackmailed a journalist by improperly threatening to bring contempt proceedings in a case over alleged corruption.
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December 08, 2025
Ex-Police Chief Faces 2027 Trial For Alleged Fraud
A former police chief constable accused of lying about his military career and education when applying to work for the police and perjuring himself in court will stand trial at the end of 2027, a judge said Monday.
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December 08, 2025
Hip-Hop DJ Tim Westwood Denies Rape, Sexual Assault
Hip-hop DJ and broadcaster Tim Westwood appeared in court on Monday to deny 15 charges of rape and other sexual offenses involving seven different women spanning over three decades.
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December 05, 2025
Morecambe FC Deal Figure Hit With Counterterror Sanctions
HM Treasury has accused a key figure behind the Morecambe FC takeover of supporting a terrorist organization in India and has frozen his assets, which the ministry said marks the first use of the U.K.'s domestic counterterrorist sanctions regime to disrupt funding for the pro-Khalistan militant group Babbar Khalsa.
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December 05, 2025
Dropping Juries Will Upend Defense Lawyers' Strategies
The government's decision to drop jury trials for some criminal cases that involve complex financial crime could reshape the approach of lawyers to plea decisions, appeals and advocacy, as well as prompt a shift toward more open justice, experts say.
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December 05, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Mozambique sue the late tycoon Iskandar Safa's family and Privinvest amid the wider $1.9 billion "tuna bond" fraud case, Entain face a claim from a major U.S. pensions agency, and a Mexican lawyer accused of embezzlement bring legal action against Travelers Insurance Co.
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December 05, 2025
UK Trade Sanctions Body Probes Breaches Amid 146 Reports
The Office of Trade Sanctions Implementation has said it is pursuing numerous investigations that could lead to fines and has referred a significant number of cases to HM Revenue and Customs for potential enforcement.
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December 05, 2025
Ex-CPS Paralegal Sentenced For Misusing Boyfriend's Files
A former Crown Prosecution Service paralegal has received a suspended prison sentence at an English court for gaining access to her then-boyfriend's criminal file without authorization, the prosecution service said Friday.
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December 05, 2025
Elon Musk's X Fined €120M By EU For Misleading Users
The European Commission revealed Friday that it has fined social media platform X €120 million ($140 million) for breaching European Union digital transparency rules, including by "deceiving" users through the blue checkmarks for so-called verified accounts.
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December 05, 2025
StanChart Settles Investors' £1.5B Iran Sanctions Claim
Standard Chartered announced Friday it has agreed to a settlement in a £1.5 billion ($2 billion) claim brought by investors who said they suffered losses after the bank made allegedly untrue or misleading statements about its noncompliance with Iranian sanctions.
Expert Analysis
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A Softer Tack For Online Ads Marks Next Step In Data Reform
While the initiative of the U.K. Information Commissioner's Office to relax enforcement of advertising cookie consent represents a welcome attempt to balance privacy protection and commercial realities, several questions remain that will limit companies' ability to benefit from the U.K. proposals, say lawyers at Skadden.
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CMA App Store Mandates Fall Short Of Regulatory Ambitions
The Competition and Markets Authority's recent proposals to loosen Google and Apple’s mobile platform duopoly are a far cry from the assertive and wide-reaching interventions that advocates of the Digital Markets Unit had hoped to see from the new competition regulator, says Ronan Scanlan at Steptoe.
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Catching Up On Simplified EU Sustainability Disclosure Rules
A recent proposal to streamline implementation of the EU’s Taxonomy Regulation contains measures that would reduce companies’ sustainable investment reporting and compliance requirements, and better support the EU’s climate and environmental goals, say lawyers at Proskauer.
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Cos. Must Take Action As Corporate Enforcement Evolves
The Serious Fraud Office's renewed vigor toward proactive corporate enforcement, as evidenced by its recently affirmed commitment to collaboration with the U.S. on cross-border investigations, means that organizations must solidify their antibribery and corruption frameworks to remain ahead of fast-moving regulatory and legislative initiatives, say lawyers at Weil.
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UK Reforms Investment Rules, But Clarity Concerns Remain
The U.K. government’s recent reforms to the National Security and Investment Act 2021 demonstrate a continuing pragmatic approach by requiring fewer deal filings, but the regime would benefit from more clarity in key areas, say lawyers at McDermott.
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Fraud Law Puts Fund Managers Under Compliance Spotlight
The new failure to prevent fraud offense, effective Sept. 1, may not represent a material departure from most managers’ duties to exercise due care in preventing loss to the assets they manage, but the prospect of criminal liability should sharpen their compliance focus, says Andrew Henderson at Goodwin Procter.
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CMA Pricing Guide Signals Shift In UK Consumer Protection
The Competition and Markets Authority’s recent draft price transparency guide, as part of a wider reform introduced by the Digital Markets, Competition and Consumers Act 2024, represents a significant change in U.K. consumer protection by targeting unfair trading practices and strengthening enforcement mechanisms, says Felicity Forward at Shoosmiths.
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8 Compliance Team Strategies To Support Business Agility
Amid new regulatory requirements across the globe, compliance functions must design thoughtful guardrails that help business leaders achieve their commercial objectives lawfully — from repurposing existing tools to using technology thoughtfully — instead of defaulting to cumbersome protocols that hinder legitimate business, says Theodore Edelman at GCE Advisors.
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What To Note From FCA, Gov't Financial Growth Proposals
Recent Financial Conduct Authority and government proposals for financial services reform are positive developments for firms, signaling a drive to push forward growth and a willingness to be flexible in areas of regulation that the industry has long raised as barriers, say lawyers at Simmons & Simmons.
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How Accessibility Act Is Reshaping EU Digital Compliance
In adding binding requirements to digital spaces, the recently enacted European Accessibility Act aims to harmonize rules and promote digital inclusion across the EU, a departure from earlier frameworks that relied on voluntary standards for businesses, say lawyers at Greenberg Traurig.
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Opinion
Managers' Expanded Corp. Liability Proposal Is Too Vague
The Crime and Policing Bill 2025, currently under consideration by the House of Lords, implements a dramatic expansion of managers’ corporate liability in ambiguous provisions that may lead only to cumbersome and unintended consequences for companies, says Vanessa Reid at Corker Binning.
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What Gov't Report Tells Lawyers About Continuing AML Risks
The U.K. government’s recent national money laundering risk assessment maintains conveyancing, company service work and misuse of client accounts as key threats, underscoring that law firms should expect renewed scrutiny and higher expectations in these high-risk areas, says Harriet Holmes at Thirdfort.
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Russia Sanctions Spotlight: Strengthening Enforcement
The Office of Financial Sanctions Implementation’s proposed changes to its enforcement process by increasing monetary penalties, and introducing schemes to encourage cooperation, suggest that businesses should expect an expansion of financial sanctions enforcement, says Alexandra Melia at Steptoe.
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What EU GPAI Compliance Code Will Mean For Developers
The European Union recently released a code of practice to guide compliance for general purpose artificial intelligence models, offering early adopters regulatory deference, but posing timing concerns and significant costs burdens that may discourage smaller developers, say lawyers at Perkins Coie.
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How Top Court Ruling Limits Scope Of Motor Finance Claims
The U.K. Supreme Court’s recent ruling in a landmark case concerning car finance commissions clarifies when and how a dealership’s fiduciary duties arise, considerably narrowing that path for mass consumer litigation and highlighting how an upcoming Financial Conduct Authority redress scheme will seek to balance consumer, lender and market interests, say lawyers at Cadwalader.