Corporate Crime & Compliance UK

  • October 17, 2025

    Ex-Solicitor Gets 4 Years For £400K Theft From Clients

    A former solicitor and part-time judge who misappropriated almost £400,000 ($537,000) from clients between 2003 and 2020 has been sent to prison for four years.

  • October 16, 2025

    Banks Must Do More To Stop Romance Fraud, FCA Warns

    The Financial Conduct Authority warned Friday that banks must do more to stop romance scams, which cost victims £106 million ($142 million) in 2024.

  • October 16, 2025

    OFSI Reports It Froze £37B In Shift To Proactive Enforcement

    The U.K.'s sanctions enforcer has revealed that over £37 billion ($49.7 billion) in assets were reported as frozen in the 2024-25 financial year, up more than 50% from the year before, in a signal of an increasingly proactive approach to enforcing financial penalties.

  • October 16, 2025

    FilmOn Founder In Contempt In Sex Assault Judgment Debt

    The founder of FilmOn and heir to a Coca-Cola fortune was found in contempt of court on Thursday for failing to provide information in proceedings to enforce in England one of several multimillion-dollar judgments over sexual assault claims.

  • October 16, 2025

    CMA Calls For Reforms To UK Veterinary Market

    The U.K.'s competition watchdog has called on the £6.3 billion ($8.5 billion) veterinary services market to provide better information on prices after a spike in insurance claims at major players drove up costs, despite no evidence of better services.

  • October 16, 2025

    MPs Launch Probe Into CPS Decision To Drop China Spy Case

    Senior parliamentarians said Thursday that they will launch a formal inquiry into the collapse of the Chinese spying case, heaping pressure on the Crown Prosecution Service just hours after the government published crucial evidence that caused the trial to be abandoned.

  • October 16, 2025

    UK Open To Behavioral Remedies During Merger Reviews

    The antitrust authority said Thursday that it is weighing a more flexible approach to remedies during merger reviews that would require it to regulate the behavior of the companies involved as it backs the government's growth agenda.

  • October 15, 2025

    Funeral Director Admits Fraud, Faces Trial On Other Counts

    A funeral director pleaded guilty to 36 fraud offenses at an English criminal court Wednesday in a case centered on wrongdoing in funeral plans.

  • October 15, 2025

    CPS Eyes Compensation Plan In £5B Bitcoin Fraud Dispute

    British prosecutors said Wednesday they will set up a compensation program for thousands of Chinese investors defrauded by a money launderer convicted in the U.K. as part of a scramble for £5.1 billion ($6.8 billion) in seized cryptocurrency.

  • October 15, 2025

    Ex-Clerk Must Repay £220K For Role In Legal Aid Fraud

    A London judge on Wednesday ordered a former legal clerk to hand over more than £220,000 ($294,000) following his convictions for leading a scheme to make bogus legal aid claims for criminal defense costs worth over £12.5 million.

  • October 15, 2025

    UK Adds Over A Dozen Countries To Global Minimum Tax List

    HM Revenue & Customs added more than a dozen countries to the list of states implementing Pillar Two's global minimum tax rules, the tax authority said Wednesday.

  • October 15, 2025

    Mercedes Denies Using VW-Style 'Dieselgate' Tech

    Mercedes-Benz told a London court on Wednesday that their vehicles do not contain the same technology installed by Volkswagen that sparked the "Dieselgate" scandal as car manufacturers began their defense of a major group claim by motorists.

  • October 15, 2025

    Rosneft And Lukoil Targeted In UK's Latest Russia Sanctions

    The British government said Wednesday that it has hit the Russian energy industry with "the strongest sanctions yet," targeting oil giants Rosneft and Lukoil in order to stifle funding for Russia's war in Ukraine.

  • October 15, 2025

    Starmer Vows To Publish Key Evidence In China Spy Case

    Keir Starmer told Parliament on Wednesday that the government will publish the evidence it handed to prosecutors for criminal proceedings against two men accused of spying for China as political pressure grows over the Crown Prosecution Service's decision to drop the case.

  • October 15, 2025

    Axiom Ince Staffer Wins £21K For Unfair Dismissal

    A former executive assistant at Axiom Ince is entitled to claim more than £21,000 ($28,060) in compensation, a tribunal has ruled, as it said that the law firm breached his employment contract by firing him without giving him three months' notice.

  • October 15, 2025

    SoftBank Beats Credit Suisse's $440M Greensill Claim

    A London judge ruled Wednesday that SoftBank is not liable to Credit Suisse for $440 million in losses linked to the collapse of Greensill Capital over a restructuring deal, finding that the Japanese bank "did not orchestrate" the transaction. 

  • October 15, 2025

    Capita Fined £14M For Cyber-Failures In Pensions Breach

    The data watchdog said on Wednesday that it has fined outsourcing company Capita £14 million ($18.7 million) for failures in holding personal data security during a cyberattack in 2023 in which the information of 6.6 million people was stolen.

  • October 14, 2025

    Six Pension Plans Settle In $2.1B Danish Tax Fraud Case

    Six pension plans have settled claims by Denmark's tax agency accusing them of participating in a $2.1 billion scheme that fraudulently claimed refunds on tax withheld from stock dividends, with a New York federal court dismissing the allegations Tuesday.

  • October 14, 2025

    EU Fines Fashion Brands €157M For Price Maintenance

    The European Commission has fined fashion companies Gucci, Chloé and Loewe a total of €157 million ($182.2 million) for allegedly breaching the bloc's competition rules by restricting the retail prices of their products.

  • October 14, 2025

    UK Gov't Should Break Its Tax Pledge, Legislators Told

    The British Labour government should raise taxes in the coming autumn budget despite its pledge not to increase rates when it won the last general election, tax experts told a parliamentary committee Tuesday.

  • October 14, 2025

    Email Warning Provides Rare Sight Into SFO Record-Keeping

    Revelations that a Serious Fraud Office official instructed investigators to be wary of putting their concerns about a case in email illustrates how attritional fights over disclosure shaped the agency's approach at a time when it was under intense scrutiny over its handling of evidence.

  • October 14, 2025

    Iraqi Cites Torture Risk In Appeal Over Extradition To Kuwait

    An Iraqi national told a London court on Tuesday that he would face torture and inhumane prison conditions if he is extradited to Kuwait over an alleged £243 million ($324 million) fraud.

  • October 14, 2025

    Ex-Mishcon De Reya Partner Can't Save Whistleblowing Claim

    A former partner at Mishcon de Reya LLP has failed to revive his whistleblowing claim, as a London tribunal ruled there was no prospect of overturning its earlier decision that the claim could not be brought under British employment law. 

  • October 14, 2025

    US, UK Freeze Assets Of Alleged Cambodian Cyber-Scammers

    The U.K. and the U.S. sanctioned on Tuesday a network of individuals that operates scam centers across southeast Asia by freezing London properties worth more than £112 million ($149 million).

  • October 14, 2025

    FCA Gets BlueCrest Investors $101M Redress On Conflicts

    The Financial Conduct Authority said Tuesday it has secured $101 million in redress for non-U.S. investors in a fund managed by BlueCrest Capital Management (UK) LLP and has given the firm a public censure.

Expert Analysis

  • What Cos. Must Note From FCA Bulletin On Leaking M&A Info

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    The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.

  • FCA's Odey Decision Is Wake-Up Call For Financial Firms

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    The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.

  • How Ransomware Payment Reforms Could Affect UK Cos.

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    The Home Office’s recent proposals to ban ransomware payments by publicly owned bodies is a welcome first step in its aims to tackle the cybercrime industry, but the risk remains that hackers will now focus on private companies that are still permitted to pay a ransom, says Dominic Holden at Lawrence Stephens.

  • Key Takeaways From The 2025 Spring Antitrust Meeting

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    Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.

  • Rising To The Task Of Online Safety Act Compliance

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    The arrival of the Online Safety Act’s deadlines for all in-scope services and children’s access in March and April, enabling the Office of Communications to begin enforcing safety duties regarding illegal content, presents formidable compliance challenges for affected businesses, says Louisa Chambers at Travers Smith.

  • Google Win Illustrates Hurdles To Mass Data Privacy Claims

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    The Court of Appeal's December decision in Prismall v. Google, holding each claimant in a mass data privacy suit must demonstrate an individualized and sufficiently serious injury, demonstrates the difficulty of using representative action to collect damages for misused private information, say lawyers at Seladore Legal.

  • What To Know About FCA's UK Listing Rules Proposal

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    A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise.

  • Opinion

    UK Gov't Needs To Take Action To Support Whistleblowing Bill

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    With a proposed Office of the Whistleblower Bill making its way through the U.K. Parliament, whistleblowing is starting to receive the attention it deserves, but the key to unlocking real change is for the government to take ownership of reform proposals and appoint an overarching whistleblowing champion, says Baroness Susan Kramer at the House of Lords.

  • Issues To Watch At ABA's Antitrust Spring Meeting

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    Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.

  • New UK Short Selling Rules Diverge From EU Regs

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    Although forthcoming changes to the U.K.’s short selling regulatory regime represent a welcome relaxation of restrictions and simplification of reporting processes, participants active in both the U.K. and EU markets will need to ensure compliance with two quite different sets of rules, says Ezra Zahabi at Akin.

  • How New EU Product Liability Directive Will Affect Tech And AI

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    While the European Union’s new defective product liability directive, effective from December 2026, primarily provides clarifications rather than significant changes, it reflects the EU's commitment to addressing consumer protection and accountability challenges presented by the digital economy and artificial intelligence, say lawyers at Latham.

  • What Latest FCA Portfolio Letter Means For Payments Firms

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    Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.

  • Court Backlog Could Alter Work Safety Enforcement Priorities

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    While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.

  • New CMA Powers Will Change Consumer Protection Regime

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    The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.

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