Corporate Crime & Compliance UK

  • October 07, 2026

    VW Sets Aside £725M For UK Car Finance Redress Scheme

    Volkswagen's U.K. motor finance arm has set aside £725 million ($958 million) to cover potential costs of a regulatory program to compensate customers affected by historical motor finance practices, according to accounts filed at Companies House.

  • October 07, 2026

    Reinsurers Say $4B Jets Row Seeks To 'Turn Lead Into Gold'

    A group of reinsurers argued Wednesday that aircraft lessors are trying to "turn lead into gold" by seeking billions of dollars for planes stranded in Russia under reinsurance policies arranged by the airlines.

  • October 07, 2026

    Rank Group Casino Operators To Pay £5M Over AML Failures

    Three Rank Group PLC casino companies said Wednesday they will pay the U.K. government a total of £5 million ($6.6 million) after the Gambling Commission found failures in anti-money laundering and safe betting controls across their operations.

  • October 07, 2026

    Ex-Barclays Traders Overturn Rate-Rigging Convictions

    Five former Barclays traders succeeded on Wednesday in overturning their convictions for rigging benchmark interest rates, further unraveling landmark prosecutions brought by the Serious Fraud Office in the aftermath of the global financial crisis.

  • October 06, 2026

    Libor Traders Seek To Void Convictions Over Judicial Errors

    Six former City traders will seek to overturn their convictions in an appeal on Wednesday following a ruling by the U.K. Supreme Court ruling that exposed judicial errors in the Serious Fraud Office's prosecutions and cast doubt on the safety of their verdicts.

  • October 06, 2026

    FCA Tells AGM It Will Tackle Financial Crime With 'Force'

    The Financial Conduct Authority said at its annual general meeting on Tuesday that it will engage with financial crime with a "force" that has not been seen for years, highlighting artificial intelligence as a source of risk.

  • October 06, 2026

    Meta Probed By Ofcom Over Instagram Instants Safety Review

    Ofcom said Tuesday it is weighing whether Meta Platforms Inc. failed to properly assess the risks posed by a new Instagram feature before launching it, in the U.K. regulator's first investigation into the technology giant under the Online Safety Act.

  • October 06, 2026

    Petrofac Execs' Bribery Trial Delayed By Insurance Fight

    Two former Petrofac executives will have three extra weeks to prepare for their bribery trial after a London judge pushed back the start date because insurers seeking to avoid covering their criminal defense costs lost a dispute. 

  • October 06, 2026

    SRA Takes Carter-Ruck Privilege Fight To Top UK Court

    The Solicitors Regulation Authority said Tuesday that it plans to seek permission to appeal directly to the U.K. Supreme Court against a ruling which could significantly limit its ability to investigate alleged misconduct.

  • October 06, 2026

    MPs Call For Whistleblower-Handling Probe As AGM Hijacked

    A group of MPs called for an independent investigation on Tuesday into how the Financial Conduct Authority handles whistleblowers following the death of a former Wall Street broker, as the watchdog's annual general meeting was hijacked by complainants criticizing its approach.

  • October 05, 2026

    Fraudulent Insurance Claims Rise To £1.3B In 2025

    Insurers detected £1.34 billion ($1.8 billion) in fraudulent claims in 2025, a trade body said Tuesday, as it warned about the growing role of artificial intelligence in financial crime.  

  • October 05, 2026

    FCA Redress Program 'Fatally Flawed,' Lenders Tell Tribunal

    Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.

  • October 05, 2026

    SEC Censures JPMorgan Over Disqualified Swaps Trader

    JPMorgan Securities and JPMorgan Chase Bank have agreed to a cease-and-desist order and a censure from the U.S. Securities and Exchange Commission to resolve claims that the firms allowed a person who was statutorily disqualified due to a violation in the U.K. to effectuate security-based swap transactions.

  • October 05, 2026

    Software Sellers Deny Hiding Russia Risks In $53M Sale

    The sellers of a software developer have denied concealing its business with sanctioned Russian entities including Sberbank and Gazprombank ahead of the developer's $53 million sale, arguing that the relationships were "expressly" disclosed to the buyer during due diligence.

  • October 05, 2026

    'No Principled Reason' To Ditch Jury Trials, Lawyers Say

    Government plans to press ahead with judge-only trials for complex economic crime cases to spare jurors from lengthy proceedings were criticized on Monday by white-collar lawyers, who said there was "no principled reason" for the controversial reforms.

  • October 05, 2026

    Fugitive Imprisoned 15 Years After £1.7M Fraud Conviction

    A fraudster who fled the U.K. before being sentenced for his role in a £1.7 million ($2.2 million) money laundering scheme has finally been sent to prison 15 years after the offenses, City of London Police has said.

  • October 05, 2026

    Russian Boat Co. Wins $40M Claim Over Sanctions Lease Exit

    A Russian state-owned boat-leasing company has won a $40 million claim against four Cypriot businesses that failed to meet their obligations as guarantors of charters wrongly terminated after Russia invaded Ukraine.

  • October 05, 2026

    Ofcom Data Demand Exceeds Its Powers, Tech Giants Say

    Meta, X and TikTok urged a London court on Monday to strike down "extremely onerous" demands from the communications watchdog for data on their content moderation, in a major test of the regulator's information-gathering powers under the Online Safety Act.

  • October 05, 2026

    Gov't Keeps Judge-Only Trials For Complex Fraud Cases

    The government will retain plans to allow judge-only trials for complex and lengthy cases of fraud and financial crime, even though it has rolled back wider jury reforms, ministers have said as they cited the personal and financial burdens placed on jurors.

  • October 02, 2026

    City Firm Escapes Property Fraud Claim Over AML Failings

    A City law firm was wrongly held liable for assisting a £7 million ($9.3 million) fraud because a lower court treated failures to properly scrutinize its clients as evidence of dishonesty, an appeals court ruled Friday.

  • October 02, 2026

    Aviva Tells Watchdog To Go Further On Fraudulent Ad Rules

    Insurance giant Aviva PLC said Friday that reforms proposed by Ofcom to prevent online fraud must introduce broader changes to advertising rules, including mandatory verification of financial services advertisers.

  • October 02, 2026

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

    The past week in London has seen former West Ham United co-chair David Sullivan file a defamation claim against the BBC, British rock band Oasis sue its former sound engineer to halt an auction of recordings, and Home REIT sued by its shareholders for misleading statements about the company's portfolio.

  • October 02, 2026

    New Russia Aircraft Trial Tests Claims Against Reinsurers

    Aircraft lessors face a fresh legal battle to recover losses for planes stranded in Russia in a trial beginning on Monday, when reinsurers will argue that Russian law prevents them from claiming directly under insurance arranged by the airlines.

  • October 02, 2026

    EU Court Upholds €31.5M Packaging Cartel Fines

    Two major canning companies have lost their appeals against €31.5 million ($35.5 million) in fines for participating in a cartel in Germany by sharing sales information and coordinating commercial strategies after an European Union court dismissed their arguments.

  • October 02, 2026

    Investors Lose €50M Fraud Appeal Over Fund Conflict Claim

    An Italian investment vehicle can't revive a €50 million ($56.4 million) fraud case, after an appeals court held Friday that a wealth manager was not obligated to disclose all facts material to their investments.

Expert Analysis

  • EU Protocol Strengthens Int'l Criminal Asset Recovery Powers

    Author Photo

    The Council of Europe’s recently adopted protocol to the Warsaw Convention marks a significant evolution in the international asset recovery landscape, signaling a focus on proactive and coordinated methods that require organizations to consider how to respond quickly to unexpected enforcement action, say lawyers at Trowers & Hamlin.

  • A Potent EU Tool To Block Russian Arbitration Interference

    Author Photo

    The European Union’s latest sanctions package introduces an EU-wide antisuit injunction mechanism that offers businesses a powerful weapon against Russia's efforts to derail international arbitration with forum-shopping tactics, say lawyers at Signature Litigation.

  • Nonequity Partner Tier Presents Lawyers With Pros And Cons

    Author Photo

    While the nonequity partner model may offer law firms' management flexibility and be a genuine stepping stone for lawyers in some organizations, at others the tier functions more as an extended holding pattern whose uncertainty can cause frustration for ambitious lawyers, say Filippo Falchi and Portia White at Major Lindsey.

  • EU Directive Recalibrates States' Anti-Corruption Landscape

    Author Photo

    The European Union's recently adopted anti-corruption directive does not transform compliance requirements overnight, but it will establish a minimum harmonization framework addressing substantive offenses, corporate liability and sanction levels across member states once national legislation is in place, say Katharina Humphrey, Karla Böltz and Maximilian Schach at Gibson Dunn.

  • Easing Of UK Stablecoin Rules Will Encourage Crypto Growth

    Author Photo

    The Bank of England’s recent decision to relax parts of its proposed framework for sterling-backed stablecoins balances innovation with financial stability, and will help the U.K. remain competitive with crypto markets across the globe, says Thomas Cattee at Gherson.

  • New FDI Regs Signal Major Changes For M&A Deals In EU

    Author Photo

    The European Parliament’s recent adoption of the new foreign direct investment regulation represents a major shift from the European Union's current regime, replacing a voluntary fragmented system with a mandatory baseline for screening and introducing procedural requirements that will bring greater consistency across member states, say lawyers at Covington.

  • FCA-Approved Firms Get Liability Clarity On Appointed Reps

    Author Photo

    The recent U.K. Supreme Court judgment in Kession Capital v. KVB Consultants, turning on the construction of Section 39 of the Financial Services and Markets Act 2000, sets an important precedent in elucidating a Financial Conduct Authority-authorized person's responsibility for its appointed representative's activities, say lawyers at Signature Litigation.

  • Private Lender Verification Lessons From Recent Fraud Cases

    Author Photo

    Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recognize that financial and collateral verification is an essential safeguard as failures in underwriting and monitoring infect the broader market, say Michael Bresnick at Venable and Brian Mich at Control Risks Group.

  • Ultra's SFO Deal Signals Broader Path To Corporate Charges

    Author Photo

    The Serious Fraud Office's recent deferred prosecution agreement with Ultra Electronics, the SFO's first in five years, matters more than its immediate facts, with expanded senior manager attribution and failure-to-prevent offenses allowing prosecutors an increasingly credible route to corporate conviction, says Daniel Hudson at Seladore Legal.

  • Internal Investigation Strategy After Glencore Privilege Ruling

    Author Photo

    The recent High Court ruling in Aabar Holdings v. Glencore PLC confirms that legal privilege can extend to intraclient communications, materially improving the position of companies that design investigations carefully, define legal channels properly and maintain discipline in their internal communications, says Nicolas Groffman at Harligan.

  • What May And May Not Work In UK's 3-Year Fraud Strategy

    Author Photo

    The U.K. government’s recently launched strategy to fight online fraud marks an eye-catching escalation in its approach that demonstrates it is taking the threat seriously, but the lack of detail on how it will develop strategies to outpace artificial intelligence-powered fraud are less convincing, say lawyers at Ashurst.

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

    Author Photo

    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

  • Reflecting On The UK Senior Managers Regime 10 Years On

    Author Photo

    While the ongoing changes to the senior managers and certification regime to streamline processes and remove certain restrictions are welcome, the scheme has worked well overall since its 2016 inauguration, and firms’ compliance and risk management-thinking have shown a marked improvement, say lawyers at Faegre Drinker.

  • How Revised EU Rules Would Alter Sustainability Reporting

    Author Photo

    Two draft delegated regulations recently published by the European Commission give effect to the Omnibus I simplification, highlighting a consistent policy direction: fewer companies in scope, later and lighter obligations, and explicit protections for smaller value chain counterparties, say lawyers at MoFo.

  • How UK Security Act Plans Will Affect Foreign Investors

    Author Photo

    The U.K. government's recently proposed changes to the scope of National Security and Investment Act transaction screening for foreign investment in sectors including communications, data infrastructure and energy should create a more proportionate, predictable and targeted regime, say lawyers at Skadden.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here