TfL Hackers Get 11 Years After £39M Attack Driven By Bravado

By Sophia Dourou

Two hackers who carried out a cyberattack that cost Transport for London £39 million ($52.6 million) were each sentenced to five-and-a-half years in prison on Thursday as a judge said their actions were motivated by "selfish bravado."

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HMRC Seeks Retrial After Hung Jury In Tax KC Evasion Case

By Christopher Crosby

A judge discharged jurors on Thursday in HM Revenue and Customs' prosecution of a barrister for tax evasion after almost two weeks of deliberations in which the panel was unable to reach a verdict.

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Man Behind Lawyer Bomb Hoax Fights To Quash Conviction

By Ronan Barnard

A businessman who was jailed for a harassment campaign against two leading financial crime lawyers that culminated in a fake bomb attack on their office urged a London appellate court to overturn his conviction Thursday.

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Swedbank To Pay $50M Fine In Panama Papers-Linked Case

By Katryna Perera

Swedbank AB and its New York branch have agreed to pay a $50 million civil penalty to the New York State Department of Financial Services to resolve claims that the bank failed to fully cooperate with department requests for information related to Swedbank's relationships with Mossack Fonseca, the law firm at the center of the 2016 Panama Papers leak.

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Brief

Meta Tip Aids Arrests In Alleged Celebrity Impersonation Scam

By Eddie Beaver

Information provided by Meta aided the arrest of six men in Nigeria on suspicion of operating a scam center where they allegedly impersonated internationally recognized celebrities to defraud victims around the world, including in the U.K., the National Crime Agency said Thursday. 

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ECJ Leaves Most FIFA Agent Rules To Lower Courts

By Sophia Dourou

Europe's top court ruled Thursday that the rules of the governing body of world football regarding players' agents breach the EU's ban on cartels, but said national courts must decide whether other rules also violate competition law.

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Capita Seeks To Cut Damages In £5M Data Breach Claim

By Eddie Beaver

Outsourcing giant Capita urged a London court on Thursday to trim the claims of almost 4,000 individuals who say the company owes them up to £5 million ($6.75 million) over a cyberattack, arguing that claims for aggravated and exemplary damages are not supported by evidence. 

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FCA Gets Misleading Car Finance Claims Adverts Removed

By Alex Davidson

The Financial Conduct Authority said Thursday that it had 170 misleading adverts for car finance compensation claims removed or changed by claims management companies in a single month, bringing the total to 1,200 since January 2024.

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Commissioner Reports Sharp Rise In FCA Complaint Reviews

By Alex Davidson

The Office of the Complaints Commissioner has said in its annual report that it reviewed more than 50% more complaints about the Financial Conduct Authority in 2025-26 than in the previous year, particularly those about the British Steel Pension Scheme.

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UK Targets Gold Networks Funding Sudan War With Sanctions

By William Janes

The government announced sanctions on Thursday designed to target Sudan's illicit gold trade, procurement networks and the financial facilitators suspected of helping sustain the country's civil war.

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Parsing ICO Storage And Access Guidance Exceptions

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.

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