Corporate Crime & Compliance UK

  • May 07, 2026

    Met Officer, 4 Ex-Officers Probed Over Al-Fayed Abuse Claims

    The police watchdog said Thursday that it is investigating a serving Metropolitan Police officer and four former officers for potential misconduct over their handling of sexual misconduct allegations against Mohamed al-Fayed, who died in 2023.

  • May 07, 2026

    Barristers Urge Release Of Delayed £34M Legal Aid Boost

    Two barristers' groups criticized the government on Thursday for failing to deliver on planned investment in criminal legal aid, after it said that it would provide extra funding to alleviate a shortage of specialist advocates amid record court backlogs.

  • May 06, 2026

    Financier Charged With Fleecing Billionaire Out Of $450M

    A financier based in Greece defrauded Mexican billionaire Ricardo Salinas Pliego out of $450 million, misappropriating stock that the telecommunications baron used to secure a loan after lying about his bona fides, New York federal prosecutors have alleged.

  • May 06, 2026

    MoFo, KC Face Saad Negligence Case After $318M Court Loss

    Liquidators for Saad Investments have launched a professional negligence claim against Morrison Foerster LLP and a senior barrister, who represented the defunct lender in a failed fight for compensation for shares worth $318 million.

  • May 06, 2026

    Ex-Everton FC Director Appeals 'Capricious' UK Sanctions

    A former director of Everton Football Club said at a London court Wednesday that the U.K. government's decision to sanction him after the Russian invasion of Ukraine had been "utterly capricious."

  • May 06, 2026

    The SFO Walked Out Of DPA Talks. This Is Why It Returned

    When the Serious Fraud Office abruptly walked away from negotiations over a deferred prosecution agreement with Ultra Electronics in 2022 and widened its bribery investigation, it signaled a setback in the agency's use of corporate settlements.

  • May 06, 2026

    Director Gets 4-Yr Ban Over £1 Debt Loophole Scheme

    The Insolvency Service said Wednesday it has banned a woman from acting as a company director for four years after she allowed two of her businesses to aid a debt-avoidance scheme that bought distressed companies for £1 ($1.40).

  • May 06, 2026

    PayPal, Mastercard, Visa Targeted By UK Competition Probe

    The Financial Conduct Authority said Wednesday that it has launched an antitrust investigation into U.S. payment companies PayPal Holdings Inc., Visa Inc. and Mastercard Inc. linked to the funding and usage of PayPal's digital wallet.

  • May 06, 2026

    BHP Denied Appeal Over £36B Brazil Dam Liability Ruling

    BHP cannot challenge findings that it is liable for a £36 billion ($49 billion) claim over a collapsed dam in Brazil, as a London appeals court ruled Wednesday that the trial judge had not unjustly failed to engage with the miner's case.

  • May 06, 2026

    FCA To Probe Misleading Claims Management Practices

    The Financial Conduct Authority said Wednesday that it is launching a review of the claims management market, following concerns that some companies and law firms are failing consumers.

  • May 06, 2026

    SFO Rules Out Charging Individuals Tied To Bribery DPA

    The Serious Fraud Office has ruled out prosecuting any individuals after resolving its long-running bribery probe into defense contractor Ultra Electronics, according to court documents published on Wednesday.

  • May 05, 2026

    Deutsche, Pathward Want Fintech Blacklist Suit Tossed

    Deutsche Bank AG and Pathward NA urged a New York federal court to dismiss a suit accusing them of improperly blacklisting a barter-based payment platform that the banks found was "transaction laundering" for companies selling gray-market pharmaceuticals, arguing that the suit's jurisdiction assertions are fatal to the claims.

  • May 05, 2026

    HSBC Reports $400M Credit Loss Linked To Fraud

    HSBC Holdings PLC said Tuesday that its expected credit losses for the first quarter of 2026 were $400 million higher compared to a year ago, driven by a fraud-related exposure tied to a U.K. financial sponsor in its corporate and institutional banking division.

  • May 05, 2026

    Financial Crime Pro Unfairly Made Redundant Over AI Ability

    A London tribunal has ruled that a travel benefits company unfairly fired its financial crime manager amid concerns that he was not qualified to address new risks that arose with the emergence of artificial intelligence.

  • May 05, 2026

    Odey Created 'False Reality' That He Was Victim, FCA Says

    The Financial Conduct Authority told a tribunal on Tuesday that banned hedge fund manager Crispin Odey created a "false reality" that he was the victim amid disciplinary proceedings linked to allegations of sexual misconduct against staff.

  • May 05, 2026

    Anthropic Launches AI Biz With Goldman Sachs, Blackstone

    Anthropic has launched a global services company with Blackstone, Goldman Sachs and Hellman & Friedman to help banks and other businesses, including in the U.K., invest in an artificial intelligence technology that Anthropic says has identified widespread cyber vulnerabilities.

  • May 05, 2026

    EU States Agree To Share Data To Combat VAT Fraud

    European Union member states agreed Tuesday to give anti-fraud bodies more direct access to value-added tax data to better combat VAT-related crime. 

  • May 01, 2026

    Dentons Ruling Recasts Test For Lawyers' AML Misconduct

    The Court of Appeal's recent decision that the Solicitors Regulation Authority must prove that Dentons' breach of money laundering legislation was "sufficiently serious" could complicate the watchdog's job of enforcing its rules, experts say.

  • May 01, 2026

    UK Man Agrees To Guilty Plea In $60M Tax Evasion Scheme

    A former business executive has agreed to plead guilty to conspiracy to defraud the Internal Revenue Service, following an order to extradite him to the U.S. over allegations that he and five other men helped wealthy American clients hide their income.

  • May 01, 2026

    Carlyle Settles $40M Russia Jets Claim Against AXA, Convex

    An aircraft leasing company has settled its $40.5 million claim against insurer AXA for aircraft currently stranded in Russia since the beginning of the war in Ukraine.

  • May 01, 2026

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

    The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.

  • May 01, 2026

    UK Defense Contractor Pays £15M To Settle Bribery Probe

    British defense contractor Ultra Electronics agreed to pay £14.8 million ($20.2 million) on Friday to settle a bribery investigation by the Serious Fraud Office into suspected corrupt payments involving airport contracts in Algeria and Oman.

  • May 01, 2026

    Johnson Matthey Beats Fraud Claim Over £325M Pharma Deal

    Johnson Matthey defeated on Friday a claim that it acted fraudulently in the £325 million ($444 million) sale of one of its pharmaceutical businesses, despite a finding by a London court that the chemicals business had failed to disclose to the buyer significant details about the transaction.

  • May 01, 2026

    FCA Vows Robust Defense Of Car Finance Redress In Court

    The Financial Conduct Authority said on Friday that it will mount a robust defense of its £7.5 billion ($10.2 billion) motor finance redress scheme against four legal challenges so far from lenders and a consumer group.

  • April 30, 2026

    FRC To Set Tougher Audit Standards On Fraud Risks

    The Financial Reporting Council published its final revision on Thursday to incoming auditing standards for assessing the risk of fraud and a company's ability to keep operating in the foreseeable future, highlighting a demand for greater transparency in audit reporting.

Expert Analysis

  • 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.

  • What EU GPAI Compliance Code Will Mean For Developers

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    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.

  • How Top Court Ruling Limits Scope Of Motor Finance Claims

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    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.

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