Corporate Crime & Compliance UK

  • October 08, 2026

    Probe Into Andrew Continues After Search Warrants Quashed

    A judge said on Thursday that the warrants used by police to raid Andrew Mountbatten-Windsor's homes were unlawful, adding that the criminal investigation into whether he shared sensitive information with Jeffrey Epstein can still go ahead.

  • October 08, 2026

    Visa, Mastercard Face £700M Claim Over Brexit Fee Hikes

    Visa and Mastercard are facing a collective action from U.K. businesses seeking more than £700 million ($925 million) in compensation over allegedly excessive fees charged on card payments after Brexit, a former official at the Competition and Markets Authority said Thursday. 

  • October 08, 2026

    MFS Ex-Chief Raja Delays Ruling On £242M Funneling Claim

    The former chief executive of collapsed lender Market Financial Solutions avoided on Thursday an imminent hearing over claims he funneled millions of pounds from a financial intermediary linked to MFS into companies he owned and controlled.

  • October 08, 2026

    Motorists Vow To Fight Dieselgate Ruling At Court of Appeal

    Motorists said on Thursday they would challenge at the Court of Appeal findings that most vehicles in a diesel emissions trial involving some of the largest carmakers contained no unlawful "defeat devices" after the trial judge rejected their request to appeal. 

  • October 08, 2026

    ESMA Orders Halt To Noncompliant Stablecoin Services

    The European Securities and Markets Authority called Thursday for crypto-asset providers to halt services in connection with noncompliant stablecoins.

  • October 08, 2026

    SFO Told To Pay Interest To Cleared Ex-Barclays Traders

    The Serious Fraud Office and the government should repay hundreds of thousands of pounds, with interest, that was confiscated from five City traders whose convictions for rate-rigging were quashed, lawyers for the men told an appeals court Thursday.

  • October 08, 2026

    Deloitte Fined £6M, Reprimanded Over Audits Of Transport Biz

    Britain's accounting watchdog said Thursday it has fined Deloitte £6.05 million ($8 million) and severely reprimanded the Big Four firm after finding serious failures in its audits of a U.K. transport company.

  • October 08, 2026

    MS Amlin, Lancashire Settle Fight Over Planes Stuck In Russia

    Insurers MS Amlin and Lancashire have separately agreed to undisclosed settlement terms with scores of aircraft leasing companies that sued to claw back money for planes stranded in Russia after the country's invasion of Ukraine.

  • October 08, 2026

    FRC Closes Investigation Into Deloitte Audit Of Joules Group

    The U.K. accounting watchdog said Thursday it has closed its investigation into Deloitte's audit of fashion retailer Next unit Joules Group, and will not bring enforcement action.

  • October 07, 2026

    Dubai Bank Unit Loses Bid To Recoup Funds In Fraud Case

    Trafigura can keep $22.6 million in payments that a subsidiary of Dubai's Rasmala Investment Bank was deceived into making to the commodities trader, the Court Of Appeal ruled Wednesday, dismissing the bank's appeal.

  • October 07, 2026

    Watchdog Says SFO Can't Reliably Track Privileged Materials

    The Serious Fraud Office's lack of a reliable system for keeping track of confidential communications to and from lawyers, and its reliance on external lawyers to understand whether materials are legally privileged, poses a "significant risk" to its cases, an oversight body said Thursday. 

  • October 07, 2026

    Hunt For Next SFO Director Finally Gets Underway

    The Serious Fraud Office on Wednesday launched a search for its next director following Nick Ephgrave's exit earlier this year.

  • October 07, 2026

    Lawyer Used 'Stooge' To Strip BHS, Liquidators Argue

    British Home Stores' liquidators accused a senior City lawyer on Wednesday of using a "high-functioning and unwitting stooge" to enrich himself and dodge personal liability for the high street giant's collapse.

  • October 07, 2026

    London Gold Body Accused Of Role In Tanzanian Mine Deaths

    Lawyers representing the families of two men killed by police at a Tanzanian gold mine argued at the start of a London trial Wednesday that the trade body for the world's largest gold bullion market had "played a crucial role" in their deaths.

  • October 07, 2026

    11 Arrested In €100M Plastics VAT Fraud, EU Says

    Italian authorities have detained 11 people suspected of evading €100 million ($112 million) in value-added taxes while trading plastic products, the European Public Prosecutor's Office said Wednesday.

  • October 07, 2026

    SFO To Pay Staff Back For Longer Commutes After Relocating

    The Serious Fraud Office plans to compensate staff for longer commutes when the agency's office relocates to Canary Wharf from its existing headquarters in Trafalgar Square.

  • 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.

Expert Analysis

  • Entain Ruling Offers Parties Key E-File Guidance

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    The U.K. Commercial Court’s recent decision in Various Claimants v. Entain PLC provides guidance for the first time for those navigating a court document filing pilot scheme, offering a practical template for parties to litigation involving sensitive issues by balancing transparency obligations with legitimate confidentiality concerns, say lawyers at HSFK.

  • FCA Letter Highlights Football Clubs' Crypto Deal Risks

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    The Financial Conduct Authority’s recent warning to Premier League football clubs about sponsorship arrangements with unauthorized crypto-asset businesses demonstrates its concerns over unlawful financial promotions and anti-money laundering compliance failures, both of which run the risk of significant reputational damage and criminal prosecution, says Sushil Kuner at Freeths.

  • SRA Whistleblower Protections Will Test Legal Sector Culture

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    The Solicitors Regulation Authority's recent extension of whistleblower protections to law firm employees helps close the long-standing gap between professional and ethical obligations, but it does not fully resolve the cultural and structural barriers to reporting legal industry misconduct, says Georgia Learoyd at Howard Kennedy.

  • Parsing ICO Storage And Access Guidance Exceptions

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    Recent final guidance on storage and access technologies from the U.K. Information Commissioner's Office reflects the government's emphasis on key data privacy concerns, though businesses should consider leveraging several crucial exceptions, say lawyers at Hunton.

  • Int'l Bribery Enforcement Takeaways After SFO Conference

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    While the U.K. Serious Fraud Office's recent conference demonstrated a global consensus on the importance of combating bribery and corruption, lagging enforcement from U.S. and U.K. regulators suggests that muscular supranational agencies may soon step up to lead cross-border investigations, say lawyers at Addleshaw Goddard.

  • Making Deals Once EU Merger, Investment Screenings Overlap

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    Though proposed updates would result in greater overlap between European Commission merger control efforts and foreign investment screening, dealmakers must understand how different objectives still drive these regimes and how this recalibrated regulatory environment will affect their transactions, say attorneys at Mayer Brown.

  • BP Board Coup Spotlights Powers To Remove Directors In UK

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    Recent action taken against BP PLC’s chair reveals the authority conferred on boards by an organization's bespoke articles of association and stands as a reminder that director removal in the U.K. is not a simply a voting rights issue, raising questions about the allocation of power between boards and shareholders, say Dan Coppel and James Ford at Faegre Drinker.

  • What EU Tech Licensing Changes Mean For Businesses

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    Following the European Union’s modernization of the Technology Transfer Block Exemption Regulation, organizations should consider how the broadened antitrust safe harbor applies, particularly where technology licensing agreements involve data-sharing arrangements, territorial restrictions or competitor relationships, say lawyers at Steptoe.

  • UK-Gulf Trade Deal Offers Key Benefits, But Hurdles Remain

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    The U.K.’s recent free trade agreement with the Gulf Cooperation Council is expected to deliver U.K. businesses a competitive advantage, with simplified procedures and tariff removal across manufacturing, services and digital trade sectors, but navigating Gulf regional tensions and differing regulatory regimes will create challenges, say lawyers at King & Spalding.

  • Crypto Sector Sees Tougher Sanctions Compliance Demands

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    The U.K. government’s recently announced Russian sanctions package focusing on crypto-assets is a clear indication that authorities consider the crypto sector a major enforcement area, firmly within the scope of financial sanctions law, says Thomas Cattee at Gherson Solicitors.

  • AI Puts Financial Firms' Human Accountability To The Test

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    A recent Financial Services Skills Commission report illustrates the paradox that artificial intelligence increases the need for human oversight while automating the pathways through which that expertise is developed, and financial firms whose governance evolves at pace with technology are poised to benefit the most, say Louise Neave and Jack Paul at Fox Williams.

  • Why Tonzip Is Notable In English Sanctions Law Development

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    The Court of Appeal's ruling in Tonzip Maritime Ltd. v. 2Rivers Pte Ltd., the latest in the English law of sanctions ownership and control, confirms that where a contract refers to sanctions exposure, the relevant question may be whether there is a real and objectively reasonable risk, not whether a sanctions breach has already been proved, say lawyers at Michelman Robinson.

  • AI Makes Law Firm Change Management A Client Issue

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    As artificial intelligence implementation is causing clients' expectations of outside counsel to shift toward greater risk control and more transparent value, successful law firm transformation and the preservation of professional trust will require governance, training and accountability, says John Hutchinson at Broadfield.

  • How Firms Can Prepare For Increasing AI-Cybersecurity Risks

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    The growing convergence between cybersecurity and artificial intelligence means that businesses need to recognize the breadth of the threat, and conduct repeated testing and adjustment to address the shifting risk landscape, say lawyers at Debevoise.

  • EU AI Omnibus Makes Key Changes But Leaves Uncertainties

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    The European Council and Parliament’s recent provisional agreement on the artificial intelligence omnibus delivers some simplification to the European Union AI Act and achieves a broadly balanced outcome, but whether it truly improves legal certainty will depend on the commission's ability to deliver the implementing acts, say lawyers at CMS.

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