Corporate Crime & Compliance UK

  • April 21, 2026

    Ex-Oil Execs Say 'Dishonest' Asset Freeze Cost Them $1B

    Two former top executives at oil trader Arcadia told a court on Tuesday that a decadelong order freezing their assets in support of a meritless fraud claim prevented them from setting up a business that would have earned them more than $1.1 billion.

  • April 21, 2026

    FCA Picks 8 More Companies To Test AI On Customers

    The Financial Conduct Authority said Tuesday that it has chosen Barclays, Lloyds Banking Group's Scottish Widows, UBS and five other companies for a second round of live testing of artificial intelligence on real customers.

  • April 21, 2026

    SRA Finds Suspected Fraud In PM Law's £40M Shortfall

    The Solicitors Regulation Authority said Tuesday that it has uncovered a "sophisticated suspected fraud" at PM Law Ltd. involving £39.5 million ($53 million) in client funds allegedly removed and misused by the firm.

  • April 21, 2026

    ENRC's $290M Claim Defies Decades Of Precedent, SFO Says

    The Serious Fraud Office and Dechert argued at trial on Tuesday that the $290 million claim brought by ENRC over a botched criminal investigation flies in the face of 30 years of legal precedent and simply "doesn't work."

  • April 27, 2026

    The 2026 UK Lawyer Satisfaction Survey: Where Do You Stand?

    How is your work-life balance? Are you content with your compensation and opportunities for advancement at work? Take the 2026 Law360 UK Pulse Lawyer Satisfaction Survey and share your thoughts.

  • April 21, 2026

    Glencore Ruling Broadens Scope For Challenge Over Privilege

    A recent court ruling that expands legal advice privilege to cover some internal corporate communications gives companies greater scope for withholding sensitive material but is likely to prompt challenges over whether those documents meet the test for protection, lawyers say.

  • April 20, 2026

    UK Wine Fraudster Gets 10 Years For $97M Ponzi Scheme

    A Brooklyn federal judge on Monday sentenced a former executive of a U.K. wine company to 10 years in prison for his role in a $97 million Ponzi scheme that defrauded investors in loans that were falsely billed as being fully collateralized by high-value wine collections, calling it a "very brazen crime that led to mass amounts of theft."

  • April 20, 2026

    UK Co. Should Have Known About VAT Fraud, Tribunal Says

    A computer company should have known it was dealing with value-added tax fraudsters whose business was too good to be true, so HMRC's denial of a nearly £430,000 ($582,000) tax deduction is valid, the First-tier Tribunal said in a decision.

  • April 20, 2026

    SRA Fines 4 Firms Over Anti-Money Laundering Breaches

    The English solicitors watchdog has hit a law firm with an almost £14,000 ($19,000) penalty and fined three others £750 in the latest round of sanctions over anti-money laundering compliance failings.

  • April 20, 2026

    Solicitor Barred After Falsifying Time Sheets 

    An associate who falsified time records and billed clients for work he never completed has been struck off and ordered to pay £10,000 ($13,540), after admitting that he had created misleading billing entries for up to three years. 

  • April 20, 2026

    Reform UK Deputy Says His Co. May Have Made Tax Errors

    Reform UK deputy Richard Tice said "some errors" are inevitable when running multiple businesses following a report that his investment company failed to pay almost £100,000 ($135,000) in corporate tax, adding that he would pay up if it is found he owes more taxes.

  • April 20, 2026

    Refinitiv Settles Children's World-Check Privacy Claim

    A court approved a settlement Monday between Refinitiv and two grandchildren of Serbian politicians over a claim that they were unlawfully identified as relatives of politically exposed people, before what would have been the first trial to consider data protection law and a know-your-client database.

  • April 20, 2026

    Ex-OPEC Head Denies 'Willy-Nilly' Shopping In Corruption Trial

    A former Nigerian oil minister standing trial for allegedly accepting bribes from energy executives denied before jurors in London on Monday that she "was cavorting with friends willy-nilly" on shopping trips.

  • April 20, 2026

    EU Banks Urge Lawmakers To Stop Overlap In Regulations

    A trade body for European financial institutions called on lawmakers on Monday to finalize the bloc's single market for banking in order to address overlapping regulatory requirements that restrict competitiveness.

  • April 20, 2026

    FCA Sets Out 2026 Program For Helping Innovation And AI

    The Financial Conduct Authority set out its innovation priorities for 2026 to 2027 on Monday, promising better guidance for businesses to use its testing routes for developing new models in technologies including artificial intelligence.

  • April 20, 2026

    Hermes, Shell Funds Join Entain Claim Over Bribery Probe

    Four investment vehicles, including two Federated Hermes funds, a Shell pension fund and another managed by Morningstar, have joined a multimillion-pound claim alleging that Entain PLC failed to warn them of alleged bribery-related misconduct tied to its Turkish operations.

  • April 20, 2026

    ENRC Says SFO Probe Tarnished Rep And Scared Off Lenders

    The prolonged investigation by the Serious Fraud Office into ENRC hammered the company's reputation, scared off lenders and ultimately drove up its borrowing costs, the miner's counsel said at the start of a $290 million trial on Monday.

  • April 17, 2026

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

    The past week in London has seen Aston Martin file an appeal in a row with Chinese carmaker Geely over its winged logo for London black cabs, Ineos sue Ben Ainslie's America's Cup team for a £180 million ($244 million) boat, White & Case face a claim from two energy storage companies, and a golf tour company bring a claim against Saudi Arabia's sovereign wealth fund after the fund invested in its rival.

  • April 17, 2026

    NCA Can't Automatically Close Hearings On Workers' Claims

    A London appeals judge has rejected the National Crime Agency's request to fight workers' tribunal claims behind closed doors whenever there is the possible disclosure of evidence that relates to intercepted communications.

  • April 17, 2026

    Businessman Denies Duping Council In £150M Solar Deal Row

    A businessman has denied owing an effectively bankrupt local English council more than £150 million ($204 million) over a series of failed investments that he allegedly misrepresented and siphoned off for his personal spending, arguing that he never deceived the authority.

  • April 17, 2026

    ENRC Seeks $290M As Final SFO Damages Trial Opens

    The 13-year legal battle between the Serious Fraud Office and Eurasian Natural Resources Corp. could be headed for its final chapter on Monday as the mining company demands compensation for a botched criminal investigation.

  • April 17, 2026

    Deutsche Bank Reports Potential Russia Sanctions Lapses

    Deutsche Bank said Friday it has reported itself to financial regulators over unspecified potential breaches of European Union sanctions rules involving Russian clients.

  • April 17, 2026

    Ex-Goldman Banker Must Pay Back £400K Legal Aid Funding

    A former Goldman Sachs banker must repay almost £400,000 ($534,000) in legal aid funding after being sentenced for contempt of court, an appeals court ruled on Friday as it rejected his case that the recovery regime caused inconsistent results.

  • April 17, 2026

    Whistleblowing On Minimum Wage Breaches At New High

    A growing number of whistleblowers are reporting employers they believe are not paying the national minimum wage as reports rose to a five-year high of more than 7,600 in 2025, according to data obtained from HMRC.

  • April 17, 2026

    EU AML Body Seeks Baseline Rules For Firms' Risk Reviews

    The European Union's financial crime watchdog has proposed fresh requirements on how companies should review their money laundering and terrorist financing risks, saying that business-wide assessments should at a minimum set out a clear overview of their legal and operational structure.

Expert Analysis

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    The recently amended European Market Infrastructure Regulation, imposing a requirement on certain financial and nonfinancial institutions to maintain an active EU counterparty account, hopes to incentivize the central clearing of trades, although there are concerns that higher compliance costs will lead to a decrease in competitiveness, say lawyers at McDermott.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    While U.S. President Donald Trump’s protectionist stance on trade could disrupt global supply chains on which many U.K. tech firms are reliant, anticipated deregulation could provide fertile ground for investment and growth, and the U.K. tech sector is bracing for a mix of opportunities, say lawyers at Shoosmiths.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    Although the forthcoming European Union omnibus simplification package consolidating corporate sustainability reporting requirements aims to reduce the regulatory burden on businesses, reaction to the proposals has been mixed, and reassurance is needed that these measures will not result in a watering down of the legislation, say lawyers at Peters & Peters.

  • Review Of Computer Evidence Use Raises Complex Issues

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    The Ministry of Justice’s recent call for a review of computer-generated evidence used in criminal proceedings, solicits questions of how such evidence will be defined while also ensuring that changes can withstand technological advances and uphold the effective functioning of the criminal justice system, say lawyers at BCL Solicitors.

  • How Proposed Private Share Trading System May Benefit Cos.

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    The government's proposal for a private securities and capital exchange system intends to enhance market practices and risk tolerances, offering a significant way for firms to free up liquidity by allowing investors to trade existing private company shares, say lawyers at Mishcon de Reya.

  • New Bill Introduces Important Whistleblower Protections

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    If enacted, a bill that proposes the establishment of an independent whistleblower office in the U.K. offering protected disclosures will encourage individual whistleblowers, and alleviate the pressure for companies to investigate complaints, say lawyers at Tenet Law.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    The European Union Platform on Sustainable Finance’s recent proposals to apply stricter product categorization standards for funds subject to the Sustainable Finance Disclosure Regulation will assist retail investors in selecting sustainable products, and allow advisers to easily match their clients’ preferences, say lawyers at Debevoise.

  • What To Expect As CAT Considers Mastercard Settlement

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    It is expected that the Competition Appeal Tribunal will closely scrutinize the proposed collective settlement in Merricks v. Mastercard, including the role of the case’s litigation funder, as the CAT's past approach to such cases shows it does not treat the process as a rubber stamp exercise, say lawyers at BCLP.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    As transatlantic competition regulators cooperate more closely and European antitrust investigations increasingly spark follow-up civil suits in the U.S., companies must understand how to simultaneously juggle high-stakes multigovernment investigations and manage the risks of expensive new claims across jurisdictions, say lawyers at Paul Weiss.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

  • What To Know As EU Urges Outbound Investment Reviews

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    A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.

  • Competition Act Brings Important UK Merger Control Changes

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    Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.

  • How GCs Can Protect Cos. From Geopolitical Headwinds

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    Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.

  • What BT Ruling Will Mean For UK Class Actions

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    The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.

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