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Corporate Crime & Compliance UK

  • August 14, 2025

    Ex-Director Accused Of Diverting 拢1M From Property Firm

    A defunct property developer has alleged that its former director stripped it of cash by handing out more than 拢1.3 million ($1.8 million) of the company's assets as interest-free and unsecured loans to another business he directed.

  • August 14, 2025

    Workplace Safety Regulator To Probe Reality TV Star's Death

    Britain's regulator for workplace health and safety will take over the investigation into the death of a former reality TV personality who fell to his death.

  • August 13, 2025

    UK Gains Interpol Notice Against Fugitive Behind 拢64M Fraud

    British police said Wednesday that they've secured an international notice against the fugitive mastermind behind a Ponzi scheme to help trace and recover part of the 拢64 million ($86 million) he owes investors.

  • August 13, 2025

    EU Trade Body Urges Change To DORA Financial Reporting

    A trade body for Europe's financial institutions has urged European Union watchdogs to change rules on incident reporting because banks are providing ineffective reports.

  • August 13, 2025

    Charity Director Avoids Prison In Terrorism Sanctions Case

    The director of a charity sanctioned for her ties to a pro-Hamas news outlet聽was given a suspended prison sentence on Wednesday in the first聽prosecution of an individual聽for failing to adequately respond to a request for information by Britain's sanctions enforcer.

  • August 13, 2025

    UK Watchdog Proposes More Targeted Audit Supervision

    The U.K.'s accounting watchdog proposed Wednesday a more targeted approach to supervising audits, backed by greater reliance on firms to take responsibility for a quality-orientated culture.

  • August 13, 2025

    UK Employers Targeted By Foreign Worker Sponsorship Scam

    U.K. organizations that sponsor overseas workers have been targeted by fraudsters posing as the Home Office and using a sophisticated phishing scam to steal sensitive data, according to cybersecurity company Mimecast.

  • August 13, 2025

    Machinery Biz FD Gets 11-Year Ban For 拢1.5M Undeclared Tax

    A former financial director of a machinery business has been banned from the profession for 11 years for submitting false value-added tax returns over three years and leaving more than 拢1.5 million ($2 million) undeclared to HM Revenue and Customs.

  • August 12, 2025

    The Biggest UK White Collar Cases Of 2025: Midyear Report

    James "Jes" Staley's ill-fated legal battle over his ties to Jeffrey Epstein, the first conviction secured by Britain's sanctions' enforcer and Tom Hayes' Supreme Court victory are just a few of the big cases from 2025.

  • August 12, 2025

    EBA Report Says Latest Tech Needed To Fight Financial Crime

    The European Banking Authority emphasized Tuesday that cutting-edge technology like artificial intelligence is necessary to keep up with financial crime, in a report that found adoption of new tech across the European Union to be patchy.

  • August 12, 2025

    Financial Data Provider Sues Rival For Database Theft

    A financial data provider has accused a former product director at one of its subsidiaries of copying a valuable database on infrastructure and energy deals in order to launch a rival platform.

  • August 12, 2025

    SRA Fines Law Firms For Money Laundering Risk Failures

    The Solicitors Regulation Authority has fined a law firm 拢25,000 ($34,000) and another more than 拢12,400 because of their failure to comply with anti-money laundering regulations and carry out suitable firm-wide risk assessments.

  • August 12, 2025

    Solicitor Who Misled Tribunal About His Finances Struck Off

    The Solicitors Disciplinary Tribunal struck off on聽Tuesday a disability rights lawyer who did not disclose the proceeds of the sale of his home in earlier disciplinary proceedings.

  • August 11, 2025

    Tweaks To AML Regs Offer Flexibility But Only Modest Change

    Plans to reform the U.K.'s fight against dirty money promise to cut red tape and strengthen ties between enforcement bodies, but lawyers say they are not convinced the measures will reduce their compliance burden or fundamentally strengthen the regime.

  • August 11, 2025

    Wikipedia Loses Legal Challenge Over UK Online Safety Act

    The charity behind Wikipedia lost a challenge to the Online Safety Act on Monday after claiming that the online encyclopedia could be lumbered with unmanageable duties aimed at regulating social media giants and viral content.

  • August 11, 2025

    SRA Says Lawyer Misled Tribunal About His Finances

    A disability rights lawyer lied to a tribunal by not disclosing the proceeds of the sale of his home in earlier disciplinary proceedings brought against him, the Solicitors Regulation Authority said Monday.

  • August 11, 2025

    UK Opt-Out Claims Surge To 鈧77B Amid Class Action Boom

    There was "extraordinary" growth in class actions in the U.K. and across Europe in 2024 as new procedural mechanisms were introduced in different jurisdictions and claimant firms acted aggressively, CMS said Monday.

  • August 11, 2025

    Gov't To Tighten Appointed Reps Regime To Stop Misconduct

    The U.K. government said Monday it will empower the Financial Conduct Authority to refuse firms permission to use appointed representatives, in a tightening of the regime to stop misconduct.

  • August 08, 2025

    FCA Finds Directors Breaching Policies On Unrecorded Calls

    The Financial Conduct Authority has found in a review that wholesale banks are identifying breaches of internal policies on unmonitored communication, particularly by senior individuals.

  • August 08, 2025

    Chelsea Group Claims Bribery Tainted $20M Greensill Deal

    A Cyprus-based group of companies has denied owing $20.6 million to UBS' asset management unit from a supply chain finance deal with the now-defunct Greensill Capital, arguing that the deal was rescinded because it was tainted by bribery.

  • August 08, 2025

    FCA Woodford Ban Signals Risks Of Star Fund Managers

    The decision by the financial watchdog聽to provisionally fine and ban former fund manager Neil Woodford has sent a lesson to companies across the finance sector that the star status of some senior managers is up for review in the City.聽

  • August 08, 2025

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

    This past week in London has seen the U.S. Securities and Exchange Commission target a British investor over a $10 million microcap fraud scheme, Merck Sharp & Dohme move against Halozyme Inc. following a recent clash over its patented cancer medicine, and Birmingham City Council sue a school minibus operator years after ending its contract over DBS check failures. Here, Law360 looks at these and other new claims in the U.K.聽

  • August 08, 2025

    JPMorgan Denies Witholding 鈧18M In VTB Sanctions Fight

    JPMorgan has hit back at a VTB Bank subsidiary's claim that the American bank withheld 鈧17.8 million ($21 million) from a liquidated trading account, arguing that sanctions have blocked it from paying the money.

  • August 07, 2025

    Former Soldier Convicted Of Running 拢1.3M Ponzi Scheme

    A former British Army rifleman was convicted of running a 拢1.3 million ($1.7 million) Ponzi scheme in London on Thursday over allegations that he offered more than 200 investors impossibly high returns before the fund's collapse.

  • August 07, 2025

    Motor Finance Ruling Shifts Focus To Wider Broker-Fee Cases

    The recent decision by the U.K. Supreme Court to limit the payouts available to many motor finance customers over hidden fees could switch legal attention to other sectors that routinely add brokers' commissions to bills, lawyers say.

Expert Analysis

  • Banker Remuneration Proposals Could Affect More Than Pay

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    The Financial Conduct Authority and Prudential Regulation Authority鈥檚 pending proposals to reduce banker remuneration restrictions bring obvious personal financial advantages for bankers, but may have repercussions that result in increased scrutiny of bonus payments and wider changes to workplace culture and overall accountability, say lawyers at Fox Williams.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    鈥淣o comment鈥 is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • EU Report May Influence Regulation Of Decentralized Finance

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    The European supervisory authorities鈥 recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.

  • EU Paper Urges Data Protection And Competition Law Unity

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    A recent European Data Protection Board position paper calls for closer cooperation among data protection and competition authorities, and provides valuable insight for businesses seeking to ensure compliance across an increasingly complex regulatory landscape, say lawyers at Paul Weiss.

  • 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鈥檚 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鈥檚 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鈥檚 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鈥 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鈥檚 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.

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