Corporate Crime & Compliance UK

  • May 28, 2025

    Online Scams Surge With £1B Stolen Through Fraud In 2024

    Criminals stole £1.17 billion ($1.6 billion) through fraud in 2024, largely through a 22 percent rise in customers being duped into disclosing online login passcodes, banking body UK Finance revealed Wednesday.

  • May 28, 2025

    SFO Charges Airline Parts Boss With Fraud Over Fake Parts

    The Serious Fraud Office charged the director of a company based in Britain with fraud on Wednesday, alleging that he had falsified documents for the sale of engine parts to major airlines around the world.

  • May 28, 2025

    Ex-Russian Politician Appeals UK's First Sanctions Conviction

    A former Russian politician who became the first person to be found guilty of breaching the U.K.'s sanctions regime is challenging his conviction and sentence, his lawyer confirmed Wednesday.

  • May 28, 2025

    Social Media Giants Urged To Curb Unauthorized Finance Ads

    The European Union's financial markets watchdog urged the world's major social media and online companies on Wednesday to stop promoting unauthorized financial services on their platforms.

  • May 28, 2025

    New FCA Crypto Rules Focus On Stablecoin Value, Security

    The Financial Conduct Authority on Wednesday proposed rules aimed at ensuring stablecoins hold their value and firms keep cryptocurrencies safe, as the U.K. progresses on its plans to oversee regulation of the risky assets.

  • May 28, 2025

    Ex-Judge Launches £25B Ad-Price Action Against Google

    Google is facing a new £25 billion ($33.7 billion) class action in the U.K. brought by a former deputy High Court judge on behalf of advertisers, alleging that the technology giant abused its dominant position in online search advertising.

  • May 28, 2025

    Thames Water Fined Record £123M Over Sewage, Dividends

    Thames Water was fined £122.7 million ($165.8 million) on Wednesday by the water regulator for breaching rules governing its failed wastewater management and unjustified payment of dividends — the latest upset for the beleaguered utility company.

  • May 27, 2025

    Ex-SFO General Counsel Lands Role At Mayfair Chambers

    Sara Lawson KC has joined Mayfair Place Chambers after stepping down as general counsel to the Serious Fraud Office earlier in the year.

  • May 27, 2025

    Suspected Ringleader Of €520M VAT Scheme Turns Self In

    The suspected ringleader of a €520 million ($589 million) value-added tax fraud scheme that was under a cross-border investigation has turned himself in, law enforcement agencies said Tuesday.

  • May 27, 2025

    Italian Police Seize €1M In Fraud Probe Tied To Officials

    Italian authorities seized assets on Tuesday worth up to €1.1 million ($1.25 million) as part of an investigation into agricultural funding fraud linked to the corruption of public officials and a police officer, European prosecutors said.

  • May 27, 2025

    Lancaster Crown Court Faces Closure Over Security Concerns

    The government has opened up a consultation for its proposal to permanently close a major criminal court in the northwest of England and surrender the lease for the building.

  • May 27, 2025

    7th Person Arrested In Recycling Fraud Investigation

    Environment Agency officers and regional police have arrested a seventh individual as part of an active investigation into the illegal recycling of export paperwork, the government body has revealed.

  • May 27, 2025

    JPMorgan Unit Fined For Failing To Disclose Key Data

    The French electricity and gas markets regulator said Tuesday that it has fined a German subsidiary of JPMorgan Chase & Co. €500,000 ($568,000) because it failed to identify all its clients when energy prices soared in France.

  • May 23, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Nestlé hit with an intellectual property claim by a pet insurance company, VTB Capital bring a breach of contract lawsuit against J.P. Morgan Securities, and Société Générale's former chief executive face litigation from an Italian entrepreneur.

  • May 23, 2025

    Belgian Tax Break Denials Don't Break EU Rules, ECJ Advised

    Belgium isn't breaking with European Union law by denying companies tax deductions under controlled foreign corporation rules, an adviser to the EU's top court said in an opinion.

  • May 23, 2025

    Accounting Firm Says Business Partner Embezzled £850K

    An accounting firm has accused a business partner of embezzling at least £850,000 ($1.1 million), telling a London court that there was a conspiracy to harm the business.

  • May 23, 2025

    FCA Bans Former Credit Suisse VP After US Conviction

    The Financial Conduct Authority said Friday that it has banned a former vice president of Credit Suisse from working in financial services in Britain after her conviction in the U.S. over links to corrupt loans to the Republic of Mozambique.

  • May 23, 2025

    Tech Firm Settles £18.4M Acquisition Claim

    A consumer technology business has settled its £18.4 million ($25 million) claim over its purchase of an online retailer, in which it alleged that the owners of the digital platform had fraudulently represented its finances as healthier than they were.

  • May 23, 2025

    BVI Firm Settles £8.5M Fraud Case Over Property Transfer

    A company registered in the British Virgin Islands has settled its £8.5 million ($11.5 million) fraud case against a debtor, ending its fight for a court declaration that the transfer of a property was done to hinder its chances of clawing back money it was owed.

  • May 22, 2025

    Tory Donor Battles BBC Over Corruption Libel Defense

    Telecoms magnate and Conservative Party donor Mohamed Amersi urged a London judge Thursday to throw out part of the BBC's defense over what he asserts are the corporation's "baseless factual assertions," in the latest stage of his high-profile libel claim.

  • May 22, 2025

    Ransomware Ban Move Could Push Hackers To Private Sector

    The government's bid to crack down on ransomware payments could heap pressure on companies in crisis without any guarantee that it will pull the plug on the billion-pound cybercrime industry, lawyers say.

  • May 22, 2025

    M&S Says Hack Attack Disruption To Last Till July, Cost £300M

    Retail giant Marks & Spencer has said it expects the cyberattack hit it took in April to cost it around £300 million ($402 million), with disruption likely to continue to online retail until July.

  • May 22, 2025

    EY Says NMC Health Obstructed Detection Of £2B Fraud

    NMC Health "frustrated and obstructed" EY's ability to detect widespread fraud at the healthcare chain, lawyers for the Big Four firm said in its defense against a £2 billion ($2.7 billion) High Court claim Thursday.

  • May 22, 2025

    Marsh Settles $143M Claim Over Losses In Greensill Collapse

    Marsh has reached settlement in a claim of almost $143 million with investment firm White Oak, which had alleged that the insurance broker misled it when selling cover for investments in Greensill Capital, a financing firm that collapsed in 2021.

  • May 21, 2025

    Finance Worker Who Stole Secret Docs Can't Claim Notice Pay

    A clearing bank was within its rights to sack a finance manager without notice pay after he breached his contract by sending confidential information to his personal email address, a tribunal has ruled.

Expert Analysis

  • 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.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    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.

  • Court Backlog Could Alter Work Safety Enforcement Priorities

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    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.

  • New CMA Powers Will Change Consumer Protection Regime

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    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.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    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.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    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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