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Corporate Crime & Compliance UK
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April 07, 2025
Starmer Calls For US Trade Deal That Avoids Tax Hikes
The Labour government would sign a trade deal with the U.S. only if the terms fit Britain's national interest, which would mean avoiding the need for further domestic tax hikes, Prime Minister Keir Starmer said in a news conference Monday.
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April 07, 2025
UK Gov't Fails To Keep Apple Legal Battle Secret
The legal challenge by Apple to the U.K. government's attempt to create a "back door" to personal encrypted data will not be kept secret, after a tribunal refused Monday to accept that revealing the bare details of the case would threaten national security.
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April 07, 2025
1 In 3 Criminal Barristers Report Bullying, Harassment
A third of criminal barristers say they have been bullied or harassed, the Criminal Bar Association revealed Monday, amid high attrition rates that add to the crisis in the criminal justice system.
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April 07, 2025
Cash Uncovered In FCA Probe Was My Dad's, Analyst Testifies
A former analyst for an asset management firm testified in London on Monday that £198,000 ($253,000) unearthed by investigators as part of an insider dealing probe was not dirty money, but was partially cash destined for his father's construction business in Albania.
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April 07, 2025
Linklaters Names New Global Financial Regulation Boss
Linklaters LLP said Monday that it has appointed a new global head of its financial regulation group who will be based in Hong Kong.
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April 07, 2025
Allianz Luxembourg Unit Penalized For AML Breaches
Luxembourg's financial regulator has hit the domestic branch of insurer Allianz with a €283,000 ($310,000) fine for breaching the country's anti-money-laundering and terrorist-financing rules.
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April 07, 2025
Brit Jailed For Money Laundering Plot After 7 Yrs On The Run
An extradited tax fugitive has been jailed for five-and-a-half years for his involvement in a £3.5 million ($4.5 million) money laundering scheme, HM Revenue and Customs said Monday.
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April 07, 2025
Credit Agency Hit With Fine For Misleading Approval Claims
A European Union financial markets regulator said on Monday that it has fined a financial technology credit ratings agency €420,000 ($460,000) for "misleadingly" using the authority's name to suggest that it endorsed the company's activities.
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April 04, 2025
Deutsche Bank Not Liable For ISIS Terror, Judge Finds
A New York federal judge on Friday dismissed a lawsuit accusing Deutsche Bank AG of facilitating the financing of the Islamic State, saying that the families of two journalists and an aid worker the terrorist group killed failed to sufficiently allege that the bank participated in a human trafficking venture.
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April 04, 2025
Alleged 'Hollywood Con Queen' Bids To Halt Extradition To US
An Indonesian man accused of impersonating female Hollywood executives to con hundreds of movie workers into paying him fees urged a London judge Friday to block his extradition to the U.S. to face fraud charges, arguing he is at risk of self-harm and could be victimized because of his sexuality.
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April 04, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Russian industrialist Oleg Deripaska target the intelligence arm of CT Group with a commercial fraud claim, Big Technologies sue its former CEO for allegedly concealing interests in several shareholders, and an investment firm tackle a professional negligence claim by Adidas. Here, Law360 looks at these and other new claims in the U.K.
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April 04, 2025
Being Rich Isn't A Crime, Brother Of Russian Pol Tells Jurors
The brother of a Russian politician appointed by President Vladimir Putin did not know U.K. restrictions prohibited him from paying school fees for his sibling's children, and it's not a crime to be rich, his defense lawyers told a London jury Friday.
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April 04, 2025
Denmark's £56M Cum-Ex Fraud Case Struck Out On Appeal
Denmark's roughly £56 million ($72 million) tax refund fraud claim against an English brokerage was struck out Friday after a London appeals court ruled that an issue "fundamental" to the case had been decided in earlier proceedings.
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April 04, 2025
Ex-Everton FC Director Calls Sanctions Decision 'Political'
A former director of Everton Football Club accused the British government of being improperly politically motivated when placing him under sanctions after Russia invaded Ukraine, as he asked a court Friday for further information to challenge his designation.
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April 04, 2025
Russell Brand Charged With Rape, Sexual Assault
Actor and comedian Russell Brand has been charged with rape and other historical sexual offenses, the Crown Prosecution Service said on Friday.
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April 03, 2025
EU Authorities Arrest 3 In €50M VAT Fraud Investigation
Authorities have arrested three people for their alleged ties to a €50 million ($55 million) value-added tax fraud scheme involving the trade of electronic goods, the European Public Prosecutor's Office said Thursday, tying this fraud to a larger €195 million scheme that is still under investigation.
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April 03, 2025
Staley Told No 'Deliberate' Epstein Lies, Lawyer Says In Close
Former Barclays CEO Jes Staley was honest about the nature of his relationship with Jeffrey Epstein, his lawyer reiterated in closing submissions at trial Thursday, arguing that Staley told no "direct or deliberate" lies.
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April 03, 2025
Trump Must Pay £626K Legal Costs In Steele Dossier Case
President Donald Trump was ordered by a London judge Thursday to pay about £626,000 ($820,000) to cover the legal costs for the defense of the authors of the infamous "Steele dossier" against his data protection claim, which was thrown out of court last year.
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April 03, 2025
FCA Pleads For Quick Motor Finance Decision From Top Court
The U.K. financial regulator urged Britain's highest court Thursday to deliver its decision on motor finance commissions "as soon as possible" so that hundreds of thousands of open complaints can be dealt with in an "orderly, consistent and efficient way."
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April 03, 2025
Russian Politician's Family Hid Sanction Breaches, Court Told
A former Russian politician appointed by President Vladimir Putin and his family conspired to hide his presence and financial transactions in the U.K. because they "understood perfectly well" that he was sanctioned, prosecutors said in the closing stages of a London criminal trial Thursday.
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April 03, 2025
Gowling, Police Team Up To Recoup Fraud Victims' Assets
City of London Police said Thursday that it has teamed up with international law firm Gowling WLG to support victims of fraud through a civil asset recovery program.
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April 03, 2025
Ephgrave Eyes Covert Tactics To Fix Drop In Self-Reporting
The Serious Fraud Office wants to know why fewer companies are reporting suspected fraud and corruption and plans to invest in "covert" intelligence-gathering to get the inside scoop on businesses, the agency's director said Thursday.
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April 03, 2025
GP Surgery Must Rehire Clinician Fired After Whistleblowing
A National Health Service doctors' surgery must reinstate a clinician who lost her job soon after she blew the whistle on the surgery for offering some services without authorization, a tribunal has ruled.
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April 02, 2025
Ex-Metro Bank CFO Followed Legal Advice Over £900M Error
Metro Bank PLC's former chief financial officer, David Arden, said at a London tribunal Wednesday that he had followed legal advice when preparing to publish a market announcement at the center of a £900 million ($1.1 billion) reporting scandal, arguing he and the bank's former chief executive officer should not face "career-ending allegations" for doing so.
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April 02, 2025
Consumers Tell UK Justices Car Dealers Owe Transparency
Consumers bringing a test case on motor finance commissions told the U.K. Supreme Court in a hearing Wednesday that car dealers arranging financing for the purchase of vehicles were acting as "classic" credit brokers and owed a duty to act in borrowers' best interest.

Doubts Grow Over Impact Of UK Capital Market Deregulation
Government efforts to revitalize the country's sluggish economy by stripping away regulatory burdens on financial markets have raised concerns among lawyers that consumers might be exposed to more risk, amid doubts that the steps can stimulate broader U.K. economic output.

Extended Visa Checks Put Companies At Risk, Lawyers Warn
The government's plan to bring in right-to-work checks on self-employed gig economy workers is unlikely to trouble, say, Deliveroo and Uber Eats. But lawyers tell Law360 that they are concerned that the change will create confusion and legal uncertainty for smaller companies.
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'Still Early Days': A Litigation Funder Stays Optimistic
As part of a series of interviews with lawyers, class representatives and litigation-funders to mark the 10-year anniversary of the collective proceedings order regime, Law360 spoke to Neil Purslow of Therium Capital Management about the future of litigation funding for CPOs in the wake of the Supreme Court's PACCAR ruling.
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'We Didn't Have A Precedent': Lawyers Test New Regime
As part of a series of interviews with lawyers, class representatives and litigation-funders to mark the 10-year anniversary of the collective proceedings order regime, Law360 spoke to Boris Bronfentrinker and Ricky Versteeg — lawyers on opposite sides of the courtroom — about the watershed Mastercard swipe fees case.
Editor's Picks
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6 Bombshell Moments From Staley's Bid To Clear His Name
Jes Staley has suffered a bruising week as he testified about his relationship with Jeffrey Epstein, culminating in an admission by the former banker that he had sex with a member of the disgraced financier's staff.
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5 Questions For Spencer West Partner Karl Foster
The Financial Conduct Authority's approach to enforcement and consumer protection has come up against government economic growth priorities and resistance from the sector to its proposals to "name and shame" companies early on during regulatory probes.
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UK Russia Sanctions Face Landmark Test At Supreme Court
The U.K.'s sanctions regime faces a major test on Wednesday as billionaire Eugene Shvidler seeks to have his financial restrictions cast off — the first case to challenge Russian sanctions that has reached the country's highest court.
Expert Analysis
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Rising To The Task Of Online Safety Act Compliance
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.
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Google Win Illustrates Hurdles To Mass Data Privacy Claims
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.
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What To Know About FCA's UK Listing Rules Proposal
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.
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Opinion
UK Gov't Needs To Take Action To Support Whistleblowing Bill
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.
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Issues To Watch At ABA's Antitrust Spring Meeting
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.
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New UK Short Selling Rules Diverge From EU Regs
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.
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How New EU Product Liability Directive Will Affect Tech And AI
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.
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What Latest FCA Portfolio Letter Means For Payments Firms
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.
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ECB Guide Targets Harmonized Cyber Testing Approach
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.
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Court Backlog Could Alter Work Safety Enforcement Priorities
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.
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New CMA Powers Will Change Consumer Protection Regime
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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Opinion
Prospects For New Fraud Prevention Prosecution Look Slim
With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.
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What's Next After FCA Drops Troubled 'Name And Shame' Plan
A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.
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What To Note In EU Tech Transfer Agreements Consultation
Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.
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UK Refusal Of US Extradition Request May Set New Standard
The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.