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Corporate Crime & Compliance UK

  • October 13, 2025

    Lloyds Sets Aside 拢800M To Cover Motor Finance Claims

    Lloyds Bank said Monday that it has increased its provision for compensating聽customers tied to the motor finance misselling scandal by an additional 拢800 million ($1.1 billion), as the lender raised serious concerns about the Financial Conduct Authority's proposed redress program.

  • October 10, 2025

    Carmakers Gear Up For Once-In-A-Generation Dieselgate Trial

    One of the biggest and most complex group claim trials ever seen in the High Court will open Monday as more than a million motorists try to prove that major car manufacturers equipped their vehicles with devices designed to cheat emissions rules.

  • October 10, 2025

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

    This past week in London has seen Paddington Bear's creators and Studio Canal sue the company behind Spitting Image, Blackpool Football Club's former owner Owen Oyston bring a fresh claim against the club, and Mishcon de Reya sue a Saudi investment group.

  • October 10, 2025

    Google Trims Price Comparison Site's Competition Claim

    Google pared down a price-comparison website company's claim that accused it of abusing its dominant market position at a London tribunal Friday, after the tech giant argued that it has a "cast iron" defense against it.

  • October 10, 2025

    Think Tank Urges Reeves To Break Tax Pledge In Budget Plan

    Chancellor of the Exchequer Rachel Reeves should raise income tax in the coming autumn budget to match spending commitments and reduce the deficit, a think tank said Friday.

  • October 10, 2025

    Kennedys' Rekha Cooke On The FCA Senior Managers Regime

    Rekha Cooke, a partner at Kennedys, talks about the Financial Conduct Authority's reforms of the senior managers regime, telling Law360 that businesses should treat the reforms as a reason to strengthen their internal controls.

  • October 10, 2025

    Standards Setter FSB Issues Warning On AI Monitoring Gaps

    National regulators must improve their monitoring of the adoption of artificial intelligence in the financial sector, a global standards setter urged on Friday, as unchecked exposure to the technology might expose critical vulnerabilities.

  • October 10, 2025

    Agent Blames Law Firm For Bungled 拢1.1M Property Sale

    An agent has blamed a law firm for a bungled 拢1.1 million ($1.5 million) real estate deal that ended with the lawyers settling a negligence case, as she denied allegations that she intentionally tried to sell a property she did not have the rights to.

  • October 10, 2025

    Glazing Firm Boss Avoids Prison For COVID Loan Fraud

    A court has handed a 22-month suspended prison sentence to a businessman who fraudulently obtained two loans from the state-backed COVID-19 pandemic-era bounce-back scheme and used the proceeds for gambling and cryptocurrency investments, the Insolvency Service has said.

  • October 09, 2025

    FCA Outlines Next Steps To Stop Financial Crime At AGM

    The Financial Conduct Authority outlined its next steps to prevent financial crime at its annual general meeting on Thursday, including further investment in its data-related technology and demands for higher level anti-fraud measures from tech giants such as Meta.

  • October 09, 2025

    Clearview AI's 拢7.5M GDPR Fine Faces Renewed Scrutiny

    A London tribunal has decided that a lower court was wrong to find that the U.K.'s data protection regulator lacked the power to fine Clearview AI Inc. 拢7.5 million ($10 million) over its collection of images of U.K. citizens from social media without their knowledge.

  • October 09, 2025

    Hip-Hop DJ Tim Westwood Charged With Rape, Sexual Assault

    The Crown Prosecution Service said Thursday that it had approved 15 charges of sexual offenses against U.K. hip-hop DJ and broadcaster Tim Westwood spanning over three decades and involving seven women.

  • October 09, 2025

    Dutch Gov't Summons Fund Suspected Of 鈧200M Tax Evasion

    Dutch prosecutors have summoned a foreign pension fund that they suspect evaded 鈧200 million ($231 million) in taxes on dividends through fraudulent refund claims, the government said Thursday.

  • October 09, 2025

    BAE Suppliers Deny Selling Faulty Parts In 拢11.5M M&A Row

    The former owners of an aerospace component maker that supplied BAE Systems has denied knowingly selling faulty parts as it fights the new owner's claim for an 拢11.5 million ($15.3 million) refund after an acquisition.

  • October 09, 2025

    Richard Desmond Wants 拢1.3B Over National Lottery Award

    A group owned by former publishing magnate Richard Desmond alleged Thursday at the trial over its 拢1.3 billion ($1.7 billion) claim that the U.K. gambling regulator had made "manifest errors" in the process of awarding the National Lottery license.

  • October 09, 2025

    Banks Warn Of Extra Hit Over Car Loan Finance Scandal

    Lloyds and Close Brothers both warned on聽Thursday that they are reviewing whether they need to allocate extra cash to compensate U.K. motor finance customers, days after the City watchdog disclosed a planned redress program for the mis-selling scandal.

  • October 08, 2025

    Senior Managers At Risk In FCA's 拢8B Motor Finance Plan

    The Financial Conduct Authority's proposed 拢8.2 billion ($11 billion) car finance redress scheme would force senior managers of lenders to put their heads on the block by attesting that they have adequate systems to identify customers for compensation, with wrong decisions risking enforcement action by the regulator, lawyers have warned.

  • October 08, 2025

    Tobacco Co. Made Timely Tax Refund Claims, UK Court Rules

    A British tobacco company didn't wait too long to seek repayment of taxes it mistakenly paid on foreign dividends, a U.K. appeals court ruled Wednesday, rejecting HM Revenue & Customs' contention that the claims were time-barred.

  • October 08, 2025

    CPS Has Immunity Over Victim Address Leak In Court

    A London appeals court ruled Wednesday that the Crown Prosecution Service is immune from a claim by a domestic abuse victim after its advocate inadvertently revealed the victim's new address to her abusive ex-partner in court.

  • October 08, 2025

    Tech Biz Says Former Exec Lied About CEO's Links To Russia

    A technology company has accused a former executive in a London court of targeting its CEO with a smear campaign about his alleged ties to Russian special services and organized crime networks.

  • October 08, 2025

    'Finfluencers' Have To Wait Until 2027 For Trial

    Three men charged with advertising unauthorized investment opportunities in foreign exchange markets on social media will have to wait at least until late 2027 for their trials, a London judge said Wednesday.

  • October 08, 2025

    Christie's Denies Hiding Picasso Crime Links In 拢14.5M Case

    Christie's auction house has denied concealing the fact that a Picasso had been owned by a drug trafficker when it persuaded an art collector to bid 拢14.5 million ($19.5 million) for the painting.

  • October 08, 2025

    Ex-Yellow Pages CFO Wins Costs In Baseless 拢1B Fraud Case

    A London court has ruled that the former finance chief of Yellow Pages should have his costs covered in both criminal and review proceedings stemming from a private prosecutor's unfounded allegations that the boss oversaw a 拢1 billion ($1.3 billion) fraud.

  • October 08, 2025

    Top Prosecutor Blames Gov't For Collapse Of China Spy Trial

    Prosecutors dropped criminal charges against two men accused of spying for China because the government did not offer evidence that Beijing was a national security threat, according to the U.K.'s top prosecutor.

  • October 07, 2025

    Wine Co. Exec Cops To Wire Fraud Conspiracy In $99M Scam

    A United Kingdom wine company executive pled guilty to wire fraud conspiracy in New York federal court Tuesday in a criminal case accusing him of scamming investors out of $99 million after persuading them to make loans using wine collections as collateral.

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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