Corporate Crime & Compliance UK

  • November 26, 2025

    Fugitive Forfeits £765K Over Halifax Mortgage Fraud

    A London court on Wednesday ordered the confiscation of more than £765,000 ($1 million) from a fugitive convicted of mortgage fraud who had lied about the finances of his business to secure a loan from Halifax PLC.

  • November 26, 2025

    UK Launches Reward Program For Tax Fraud Whistleblowers

    The U.K. government launched a reward program on Wednesday for whistleblowers who report large-scale tax fraud to HM Revenue and Customs, offering informants significant payouts if investigators can claw back sizable amounts of tax.

  • November 26, 2025

    London Court Nixes Bid To Halt UniCredit's Russian Arbitration

    A London court has rejected an attempt by a fashion retail outlet owner to block UniCredit from continuing arbitration proceedings in Russia aimed at taking some of its roughly €42 million ($49 million) property portfolio.

  • November 26, 2025

    FCA Charges 2 With Insider Dealing Linked To Takeover

    The Financial Conduct Authority said Wednesday that it has started criminal proceedings against two men for allegedly making £70,000 ($93,000) from insider dealing linked to the £969 million takeover of a former property investment trust listed in London.

  • November 26, 2025

    Betting Biz SportPesa Defeats Fraudulent Stake Dilution Case

    Online betting company SportPesa has defeated a claim brought by its former chair, as a judge found that there was no evidence of an unlawful scheme to dilute his valuable stake in the company.

  • November 26, 2025

    Trafigura Nickel Trader Planned $600M Fraud, Gupta Testifies

    Metals trader Prateek Gupta on Wednesday denied defrauding Trafigura out of $600 million in a nickel scam, saying during cross-examination that the alleged fraud was instigated by Trafigura and that he was merely "following instructions."

  • November 26, 2025

    Barrister Disbarred For Misleading Client In Fees Scheme

    A tribunal has ordered a barrister to be disbarred after it found that he had deceived a client into paying fees for legal work to a bank account in his name, the Bar Standards Board said Tuesday.

  • November 25, 2025

    4 Things To Watch As UK Releases Budget

    The U.K.'s Labour government is set to release an autumn budget Wednesday that faces a test of balancing a pledge not to raise working people's taxes with an expected need to boost revenue to meet fiscal rules. Here are four things to watch for as the budget is issued.

  • November 25, 2025

    FCA Engages With WH Smith After North America Profits Error

    The Financial Conduct Authority revealed Tuesday that it is speaking with WH Smith after an independent review by Deloitte found that the company's North American division made an accounting blunder that overstated profits by as much as £50 million ($65.4 million).

  • November 25, 2025

    NCA Files Claim Against Withers, Tycoon Over £50M Trust

    The National Crime Agency has filed a High Court claim against a politician and tycoon and a subsidiary of Withers amid a dispute over his £50 million ($66 million) London property portfolio, which is held in trust by the law firm.

  • November 25, 2025

    Waste Co. Must Pay Fired Worker With Whistleblowing Claim

    A waste management company cannot overturn an order to continue paying one of its drivers, as an employment tribunal ruled it is likely he will win his claim that he was fired for raising health and safety concerns.

  • November 25, 2025

    MPs Call For Expansion Of State Reinsurer To Cyberthreats

    The government should extend the scope of the U.K.'s £2.2 trillion ($2.9 trillion) terrorism reinsurer to cover emerging cyberthreats, lawmakers have said, amid growing concerns about a risk to the economy of a major attack on IT infrastructure.

  • November 25, 2025

    Kuwait Pension Chief's Kids Fail To Escape $1B Bribery Case

    The children of a Kuwaiti pension authority director lost on Tuesday their bid to escape a case the organization has brought over an alleged $1 billion bribery scheme orchestrated by their father, who died in 2022. 

  • November 25, 2025

    FCA Cancels Insurance Biz's License Over Compliance Issues

    The Financial Conduct Authority has said it has prevented a company that sells insurance policies for dental and breast implants from conducting any regulated activities because it failed to pay fees it owed to the watchdog.

  • November 24, 2025

    $18B Spain Claim Was Nixed Over Investment Issue

    The international tribunal that threw out an $18 billion claim brought by a group of Filipinos who accused Spain of stymying their efforts to enforce a $14.9 billion arbitral award against Malaysia concluded that the claimants had not made a protected investment, according to a newly public award.

  • November 24, 2025

    Credit Suisse Denies Role In Tech Exec's Alleged Stock Theft

    Credit Suisse has urged a New York federal judge to let it out of a lawsuit by an Aeva Technologies co-founder who claims the banking giant provided "institutional cover" to conspirators who allegedly stole tens of millions of dollars, arguing that it also fell victim to the scam.

  • November 24, 2025

    SFO's Crypto Probe Marks Shift In Tackling Blockchain Fraud

    The launch by the Serious Fraud Office of its first cryptocurrency investigation signals an appetite for using new resources to crack down on fraud, part of a wider move by U.K. law enforcement agencies to treat blockchain as a mainstream threat, lawyers say.

  • November 24, 2025

    Ex-Trafigura Exec Denies Devising $600M Nickel Fraud

    Trafigura's former head of nickel trading denied conspiring with Prateek Gupta to defraud the company out of $600 million through a sham nickel trade deal, as he gave evidence at the trial on Monday.

  • November 24, 2025

    Sheikh Held Liable For €67M Shares Breach By Top UK Court

    Britain's highest court ruled on Monday that a business tycoon breached his fiduciary duties when he transferred shares out of his wound-up company, and ordered him to hand over €67 million ($77 million) in damages.

  • November 24, 2025

    Fair Work Agency Promised An Extra £1M For Investigators

    The new U.K. labor rights watchdog will get an extra £1 million ($1.3 million) for a team of specialist investigators, HM Treasury has confirmed.

  • November 24, 2025

    Ex-Georgia PM Wins $607M Appeal Over Credit Suisse Fraud

    The Bermudan life insurance arm of Credit Suisse lost its challenge on Monday to a $607 million damages bill it owes to the former prime minister of Georgia as the top court for overseas U.K territories rejected its arguments.

  • November 21, 2025

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

    This past week in London has seen Clyde & Co. face a claim from Yorkshire firm GWB Harthills, a property developer previously investigated over suspected bribery and corruption sue the general counsel and solicitor to HM Revenue and Customs, and sportswear giant Gymshark bring an intellectual property claim against its co-founder's rival company, AYBL. Here, Law360 looks at these and other new claims in the U.K.

  • November 21, 2025

    10-Year Migrant Pathway May Be 'Catastrophic' For Employers

    The government's plan to extend routes to settlement in Britain for migrants to up to 20 years could have "catastrophic consequences" for sponsoring employers and risks tying vulnerable workers to bad bosses for a decade, experts have warned.

  • November 21, 2025

    UK Government Faces Backlash Over Juryless Trial Proposal

    Controversial plans to overhaul criminal law to bar some defendants from electing to be tried by a jury won't succeed in reducing the backlog of cases without long-term funding, and it suggests that the government is no longer able to deliver justice, experts said Friday. 

  • November 21, 2025

    FCA Plans Reduced Reporting To Save Firms £108M A Year

    The Financial Conduct Authority proposed Friday to reduce transaction reporting requirements for 1,400 firms in the financial sector, which would save them an estimated £108 million ($141 million) a year.

Expert Analysis

  • Viral Comms Crises Create Dual Corp. Governance Threats

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    As legislative hearings increase in frequency and social media fuels their reputational impact, corporate legal teams face a new dual challenge that reflects a fundamental shift in accountability and demands new strategies, governance frameworks and organizational capabilities, says Joanna Ludlam at Jenner & Block.

  • How AI May Have Made A Difference In Monzo Bank Breaches

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    Artificial intelligence tools have the capabilities needed to keep pace with increasingly sophisticated threats, and such tools might have helped prevent the anti-money laundering failures that led to the recent £21.1 million fine against Monzo Bank, says Alexander Vilardo at Howard Kennedy.

  • A Softer Tack For Online Ads Marks Next Step In Data Reform

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    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.

  • CMA App Store Mandates Fall Short Of Regulatory Ambitions

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    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.

  • Catching Up On Simplified EU Sustainability Disclosure Rules

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    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.

  • Cos. Must Take Action As Corporate Enforcement Evolves

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    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.

  • UK Reforms Investment Rules, But Clarity Concerns Remain

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    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.

  • Fraud Law Puts Fund Managers Under Compliance Spotlight

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    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.

  • CMA Pricing Guide Signals Shift In UK Consumer Protection

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    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.

  • 8 Compliance Team Strategies To Support Business Agility

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    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.

  • What To Note From FCA, Gov't Financial Growth Proposals

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    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.

  • How Accessibility Act Is Reshaping EU Digital Compliance

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    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.

  • Opinion

    Managers' Expanded Corp. Liability Proposal Is Too Vague

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    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.

  • What Gov't Report Tells Lawyers About Continuing AML Risks

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    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.

  • Russia Sanctions Spotlight: Strengthening Enforcement

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    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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