Corporate Crime & Compliance UK

  • March 20, 2025

    Scottish Police Clear Nicola Sturgeon In SNP Finance Probe

    Former Scottish First Minister Nicola Sturgeon has been cleared of any wrongdoing after Scottish police announced Thursday that it was no longer investigating her over the finances of the ruling Scottish National Party.

  • March 20, 2025

    Disclosure Review Calls For AI To 'Fight Fire With Fire'

    Judges, investigators, defendants and lawyers must embrace advanced technology and "fight fire with fire" to ease the pressure digital evidence places on prosecutors to make disclosures in serious economic crime cases, a government-backed review concluded Thursday.

  • March 20, 2025

    Gallagher Hits Back At Former CEO's £1.5M Claim For Losses

    Arthur J. Gallagher & Co.'s benefits and consulting arm denies that it owes a former chief executive of a company it acquired £1.55 million ($2 million) on his claim that it failed to manage the business correctly, as legal wrangling over the acquisition continues.

  • March 20, 2025

    Sidhu Ban Shows Tougher Takes On Sexual Misconduct

    The disbarment of the former head of the Criminal Bar Association is the latest example of professional disciplinary tribunals increasingly handing down the harshest penalties for sexual misconduct, even when the behavior in question does not cross the line into criminal conduct.

  • March 20, 2025

    Prudential's £9.3M Fees To Silverfleet Taxable, HMRC Argues

    Prudential's payments of £9.3 million ($12 million) to an investment firm are taxable even though the fees were for services the firm carried out when the two companies were part of the same group, the tax authority's counsel told the U.K. Supreme Court on Thursday.

  • March 20, 2025

    UK Joins France, Switzerland In New Anti-Corruption Force

    The fraud watchdogs of the U.K., France and Switzerland said Thursday that they have set up a new joint task force to promote collaboration on investigations into international bribery and corruption.

  • March 20, 2025

    MoD Can't Dodge Army Nurse's Whistleblowing Claim

    The U.K. Ministry of Defence can't escape a whistleblowing claim from a nurse stationed at a military base in Cyprus, after a tribunal ruled it had authority to hear her allegation because the territory's own tribunal system offers no protection for whistleblowers.

  • March 20, 2025

    Audit Watchdog Pledges Support For Gov't Growth Priority

    The audit watchdog said Thursday it will adjust priorities to support U.K. economic growth better in its new three-year strategy, in line with government priorities.

  • March 20, 2025

    Gov't Growth Priority Forces FCA To Reassess Consumer Risk

    Moves by the U.K. government to force the financial watchdog to back economic growth with more relaxed regulatory controls could expose consumers to harm, leaving regulators with no clear idea of what risk levels would be politically tolerable.

  • March 20, 2025

    Metal Exchange Fined £9.2M For Failures In 2022 Nickel Spike

    The Financial Conduct Authority said Thursday that it has fined the London Metal Exchange £9.2 million ($11.9 million) for failures in 2022 that "undermined the orderliness" of the market and led to a sudden surge in nickel prices.

  • March 20, 2025

    Herbert Smith Fined £465K For Violating Russia Sanctions

    The U.K.'s sanctions enforcer handed a fine of £465,000 ($600,000) to Herbert Smith Freehills CIS LLP on Thursday for breaching financial restrictions imposed following the invasion of Ukraine after finding that its Moscow office was responsible for paying out almost £4 million to three major Russian banks.

  • March 19, 2025

    Ex-Postmaster Sues Post Office, Fujitsu Over Horizon Scandal

    A former sub-postmaster has become the first person to bring legal action against The Post Office and Fujitsu for withholding evidence about faulty software in the Horizon IT system, his lawyers at Simons Muirhead Burton LLP said Wednesday.

  • March 19, 2025

    Swiss Bank Accused Of Ignoring $1B Kuwaiti Bribery Scheme

    A Swiss bank turned a blind eye to a scheme of corrupt payments orchestrated by the former director of Kuwait's pensions authority by failing to make reasonable inquiries into suspicious accounts, lawyers for the body told a court on Wednesday.

  • March 19, 2025

    Ex-CBA Chief Jo Sidhu Disbarred For Sexual Misconduct

    A disciplinary tribunal disbarred the former head of the Criminal Bar Association, Jo Sidhu KC, on Wednesday after concluding that he was guilty of sexual misconduct toward a young aspiring lawyer who he invited to his hotel room during a mini-pupillage.

  • March 19, 2025

    Disclosure Woes Sink £13M Fraud Trial Against Film Execs

    Prosecutors have abandoned a decade-long fraud case in which four former managers at a film production company were accused of cheating taxpayers out of £13 million ($17 million) because of insurmountable disclosure failures that sunk the case mid-trial.

  • March 18, 2025

    Glencore Probed In Jersey For Suspected Corruption

    Glencore is under investigation by Jersey authorities over suspected corruption and money laundering, the mining giant said in its 2024 annual report published Tuesday.

  • March 18, 2025

    Russian Used Family To Evade Sanctions, Prosecutors Say

    A former Russian politician appointed by President Vladimir Putin enlisted his family to dodge U.K. sanctions in order to open a bank account, buy a Mercedes and send his children to private school, prosecutors alleged at trial in London on Tuesday.

  • March 18, 2025

    EU To Push On With OECD Tax Plan, Official Says

    The European Union remains committed to the two-pillar international tax plan designed by the Organization for Economic Cooperation and Development despite U.S. opposition, the EU's tax commissioner said Tuesday.

  • March 18, 2025

    Watchdog Probes MHA's Audit Of Failed UK Builder ISG

    The accounting watchdog said Tuesday that it has launched an enforcement investigation into accountancy firm MacIntyre Hudson LLP over its audit of failed construction services company ISG Ltd.

  • March 18, 2025

    Ex-Kebab Biz Owner Sues Accountants Over Share Deal Fraud

    The former owner of a kebab meat supplier has alleged that an accountancy firm negligently accepted a fraudulently signed document and lost him his stake of almost £2.5 million ($3.2 million) in the business while he served time in prison.

  • March 17, 2025

    Companies House Opens Up For Corporate Service Providers

    Britain's executive government agency for maintaining the register of companies said Tuesday that it would now allow third-party accountants, legal professionals and company formation agents to register as authorized corporate service providers on its website.

  • March 17, 2025

    Meta Facing Investor Suit Over €1.2B EU Data Privacy Fine

    A pair of pension funds on Monday filed suit against Meta Platforms Inc. in Delaware's Court of Chancery, accusing the company of repeatedly violating data privacy laws, a pattern that the funds say led to the company being fined €1.2 billion ($1.3 billion) by European authorities.

  • March 17, 2025

    Employers Not Off The Hook After DEI Rollback, Lawyers Warn

    The Financial Conduct Authority's decision to drop its workforce DEI initiatives does not mean employers are off the hook as the government pushes ahead with workers' rights legislation, but attorneys say the rollback might convince other organizations to pause or reconsider their diversity, equity and inclusion programs.

  • March 17, 2025

    UK Court Affirms £300K Tax Bill For Ex-Soccer Star's TV Gig

    The First-tier Tribunal was correct to find that Sky UK Ltd. employed Phil Thompson, the former captain of the Liverpool Football Club, for television appearances through his intermediary company that is liable for nearly £300,000 ($390,000) in income tax and national insurance contributions, the Upper Tribunal said Monday. 

  • March 17, 2025

    Ex-Manager Says Drax Was 'Toxic' Before Her Firing

    A former manager at Drax told a tribunal Monday that she was "not responsible" for the breakdown of her relationships with her colleagues during the trial of her claim against the energy company for allegedly firing her for whistleblowing over alleged sustainability failings.

Expert Analysis

  • Pharma Remains A Key Focus Of EU Antitrust Enforcement

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    The recently published European Commission report on pharmaceutical sector competition law illustrates that effective enforcement of EU rules remains a matter of high priority for EU and national authorities, say lawyers at Dechert.

  • Dissecting Recent Developments Against The Misuse Of NDAs

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    The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.

  • What UK Energy Charter Treaty Exit Would Mean For Investors

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    While the U.K.'s recent announcement that it intends to withdraw from the Energy Charter Treaty is a bold political signal, investor protections will remain in place for a significant period of time, ensuring that an element of certainty and business continuity will remain, say Karel Daele and Jessica Thomas at Taylor Wessing.

  • Assessing The FCA Data Study's Response To User Concerns

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    The Financial Conduct Authority’s recently published report on the supply of wholesale financial data differs from others in its exceptional breadth and analysis of an enormous volume of information, but in its reluctance to address market power or pricing directly, the regulator’s approach is still cautious, say Emma Radcliffe and Greg Dowell at Macfarlanes.

  • Uber Payout Offers Employer Lessons On Mitigating Bias

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    Uber Eats' recent payout to a driver over allegations that the company's facial recognition software was discriminatory sheds light on bias in AI, and offers guidance for employers on how to avoid harming employees through the use of such technology, says Rachel Rigg at Fieldfisher.

  • Apple Ruling Offers Morsel Of Certainty On Litigation Funding

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    An English court's recent decision in Gutmann v. Apple, finding that a litigation funder could be paid via a damages award, offers a piece of guidance on the permissibility of such agreement terms amid the ongoing uncertainty around funded group litigation in the U.K., says Mohsin Patel at Factor Risk Management.

  • Cum-Ex Prosecutions Storm Shows No Sign Of Abating

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    The ongoing trial of Sanjay Shah in Denmark is a clear indicator that efforts remain focused on holding to account the alleged architects and beneficiaries of cum-ex trading, and with these prosecutions making their way across Europe, it is a more turbulent time now than ever, says Niall Hearty at Rahman Ravelli.

  • Traversing The Web Of Nonjudicial Grievance Mechanisms

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    Attorneys at Covington provide an overview of how companies can best align their environmental and human rights compliance with "hard-law" requirements like the EU's recently approved Corporate Sustainability Due Diligence Directive while also navigating the complex global network of existing nonjudicial grievance mechanisms.

  • Opinion

    FCA Greenwashing Rules Need To Be Stronger To Be Effective

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    The Financial Conduct Authority's forthcoming anti-greenwashing measures, aimed at ensuring the veracity of regulated entities’ statements about sustainability credentials, need external scrutiny and an effective definition of "corporate social responsibility" to give them bite, says Jingchen Zhao at Nottingham Trent University.

  • Companies House False Filings Raise Issues Of Integrity

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    A recent spate of unauthorized company filings with Companies House raises specific concerns for secured lenders, but also highlights the potential for false filings to be used to facilitate fraudulent schemes, says Daniel Sullivan at Charles Russell.

  • Gov't Probe Highlights Computer-Based Evidence Issues

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    A recently launched U.K. Home Office probe, following the alleged use of faulty data in criminal cases, illuminates the need for scrutiny on the presumed reliability of evidence from computer-based systems, says Jessica Sobey at Stokoe Partnership.

  • UK Courts Continue To Struggle With Crypto-Asset Cases

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    Although the common law has proved capable of applying established principles to crypto-assets, recent cases highlight persistent challenges in identifying defendants, locating assets and determining jurisdiction, suggesting that any meaningful development will likely come from legislative or regulatory change, say Emily Saunderson and Sam Mitchell at Quadrant Chambers.

  • Why Computer Evidence Is Not Always Reliable In Court

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    Recent challenges to the admissibility of encrypted communication from the messaging tool EncroChat highlight the flawed presumption in the U.K. common law framework that computer evidence is always accurate, and why a nuanced assessment of such evidence is needed, say Sam De Silva and Josie Welland at CMS Legal.

  • Comparing The UK And EU Approaches To AI Regulation

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    While there are significant points of convergence between the recently published U.K. approach to artificial intelligence regulation and the EU AI Act, there is also notable divergence between them, and it appears that the U.K. will remain a less regulatory environment for AI in the foreseeable future, say lawyers at Steptoe.

  • Lessons On Using 3rd-Party Disclosure Orders In Fraud Cases

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    The expansion of the gateway for service out of jurisdiction regarding third-party information orders has proven to be an effective tool against fraud since it was introduced in 2022, and recent case law offers practical tips on what applicants should be aware of when submitting such orders, says Rosie Wild at Cooke Young.

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