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Corporate Crime & Compliance UK
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February 03, 2026
Banque Havilland Gets Fine Over Qatar Currency Cut To £4M
A tribunal upheld on Tuesday the Financial Conduct Authority's finding that Banque Havilland, now Rangecourt SA, acted without integrity to harm Qatar's currency, but trimmed the regulator's fine of the bank from £10 million ($13.7 million) to £4 million.
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February 03, 2026
Data Regulator Probes X's Grok Over Sexualized 'Deepfakes'
The U.K.'s data watchdog revealed Tuesday that it has launched formal investigations into personal data processing within X's Grok generative artificial intelligence chatbot and its potential to produce harmful sexualized "deepfake" images and videos.
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February 03, 2026
Hoka Sneaker Maker Fights To Quash Price Fixing Ruling
The maker of Hoka running shoes on Tuesday asked a London appeals court to overturn a ruling that it engaged in indirect price fixing by blocking a British retailer from selling through an online discount store.
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February 03, 2026
Aircraft Co. Settles $28M Claim Over Undersold Lessor
An aviation business has settled its $28 million claim against an aircraft lessor it alleged had suppressed its own income and profitability, causing the business to undersell its shares in the lessor.
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February 03, 2026
Exec Fights To Keep Name Out Of SFO Bribery Settlement
An executive cleared of bribery urged a London court on Tuesday to overturn findings that he could be named in a corporate settlement with the Serious Fraud Office, arguing that maintaining his privacy would not breach the principle of open justice.
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February 03, 2026
Met Confirms Probe Into Mandelson's Alleged Epstein Leaks
The Metropolitan Police confirmed on Tuesday that it will launch an official investigation into allegations that Peter Mandelson leaked government information to sex offender Jeffrey Epstein.
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February 02, 2026
SFO Will Drop London Mining Bribery Prosecution
The Serious Fraud Office will drop its prosecution against three people in the mining industry over their alleged involvement in a bribery scheme in Sierra Leone, a person with knowledge of the case said Monday.
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February 02, 2026
New 'British FBI' Plan Missing Vital Detail, Lawyers Say
Plans by the government to merge several fraud enforcement agencies give little detail about how the largest policing overhaul in 200 years will operate in practice, although lawyers say the Serious Fraud Office appears to be safe — for now.
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February 02, 2026
Solicitor Accused Clients Of Crimes Over Unpaid Bill
A solicitor made reports to international security agencies accusing his former clients of evading sanctions and trading with terrorists because of a dispute over unpaid fees, the Solicitors Regulation Authority told a tribunal Monday.
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February 02, 2026
Captain Guilty Over Fatal US Oil Tanker Crash In North Sea
The captain of a cargo ship was convicted of gross negligence manslaughter on Monday after failing to take action to prevent a crash between two ships in the North Sea which led to an explosion and the death of a crew member.
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February 02, 2026
Broadcast Biz Denies Liability To Banks In £1.3B Fraud Case
A broadcasting equipment company has denied that it is liable to Lloyds Bank PLC and Bank of Scotland PLC if the lenders are found to have wrongly processed payments linked to an alleged £1.3 billion ($1.8 billion) fraud.
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February 02, 2026
Doreen Lawrence Felt 'Violated' By Alleged Mail Spying
Campaigner Doreen Lawrence told a trial on Monday that she felt "violated" when she was told that the publisher of the Daily Mail had spied on her unlawfully while it publicly supported her family's efforts to secure justice for her murdered son.
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February 02, 2026
EY Settles £2B Negligence Case Over NMC Health Collapse
EY has settled a £2 billion ($2.73 billion) claim in London over its allegedly negligent auditing of collapsed health giant NMC Health and its failure to spot major fraud by shareholders at the hospital operator.
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February 02, 2026
Carter-Ruck Partner Can Claim Costs For Failed SRA Action
The Solicitors Disciplinary Tribunal ruled Monday that a Carter-Ruck partner can in principle recover costs from the industry regulator after she was cleared of disciplinary charges linked to the OneCoin cryptocurrency scam, but said that the High Court should decide how much.
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January 30, 2026
Tech Exec Fired After Board Coup Bid Was 'Unfairly' Let Go
A London Employment Tribunal has ruled that a financial technology payment startup unfairly dismissed its chief technology officer, but did not do so for the disclosures he made amid a souring relationship with the company's chief executive that led to an attempted boardroom coup.
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January 30, 2026
UK Litigation Roundup: Here's What You Missed In London
This past week in London saw collapsed solar bonds company Rockfire Capital sue the Royal Bank of Scotland, e-ticket platform Eventbrite target the owners of Salford Red Devils rugby club over an alleged contract breach, and Scottish distiller William Grant & Sons square off against a former MP in a trademark tussle tied to its Glenfiddich whisky.
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January 30, 2026
Trafigura Wins Trial Over $500M Nickel Fraud Against Magnate
Trading company Trafigura was the victim of a "massive fraud" carried out by Prateek Gupta and his companies in which he made $500 million in sham nickel trades, a London court concluded on Friday.
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January 30, 2026
FCA Proposes New Climate Disclosure Rules For Listed Cos.
The Financial Conduct Authority proposed to replace its climate disclosure rules on Friday for companies listed on the London Stock Exchange, under a new regime aligned with international standards.
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January 30, 2026
Higher Fines, New Settlements In UK Sanctions Revamp
The sanctions enforcer plans to introduce higher maximum fines and a new settlement scheme as part of a wave of reforms aimed at keeping pace with the increased volume and complexity of its investigations.
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January 29, 2026
MoD Urged To Unite Teams To Better Combat Economic Crime
The U.K.'s public spending watchdog urged the Ministry of Defence on Friday to create a single body that brings together the department's counter-fraud and police teams to better investigate economic crime.
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January 29, 2026
Ex-Oil Minister Says She Repaid 'Lavish' Gifts From Execs
Diezani Alison-Madueke did not abuse her position as a Nigerian petroleum minister by accepting "lavish" gifts from oil executives as the cash, car rides and luxury accommodation were later reimbursed, her lawyer told jurors in London on Thursday.
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January 29, 2026
Ex-LCF Boss Violated Court Order Imposed During SFO Probe
The former chief executive of London Capital & Finance PLC and his wife admitted on Thursday to breaching a court order imposed during an investigation into the £237 million ($326.8 million) collapse of the company, the Serious Fraud Office said.
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January 29, 2026
Barclays Traders' Rate-Rigging Cases Sent To Court Of Appeal
The watchdog for miscarriages of justice referred the convictions of five former Barclays traders back to the Court of Appeal on Thursday after concluding that the legal errors which led the country's highest court to overturn historical Libor and Euribor prosecutions also undermined their cases.
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January 29, 2026
FCA, OFSI Team Up To Fight Crypto Abuse, Money Laundering
The Financial Conduct Authority has joined forces with the sanctions policing body, law enforcement agencies and regulators in an information-sharing initiative to tackle the abuse of crypto assets and money laundering.
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January 29, 2026
Local Authority Settles Claim Over Lost £20M Bond Investment
A local council in England has agreed to a settlement in its £20 million ($28 million) claim against a regulatory host over allegedly fraudulent misrepresentations that led the now essentially bankrupt authority to invest in high-risk bonds.
Expert Analysis
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EU Paper Urges Data Protection And Competition Law Unity
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.
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Market Infrastructure Regs Aim To Reinvigorate EU Trading
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.
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The Pros And Cons Of A 2nd Trump Term For UK Tech Sector
While U.S. President Donald Trump’s 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.
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Why EU Omnibus Package Is Receiving Mixed Reactions
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.
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Review Of Computer Evidence Use Raises Complex Issues
The Ministry of Justice’s 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.
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How Proposed Private Share Trading System May Benefit Cos.
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.
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New Bill Introduces Important Whistleblower Protections
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.
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Important Changes To Note In Accountant Ethics Code Update
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.
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What EU Sustainable Category Proposals Will Mean For Funds
The European Union Platform on Sustainable Finance’s 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’ preferences, say lawyers at Debevoise.
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What To Expect As CAT Considers Mastercard Settlement
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’s 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.
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Managing Transatlantic Antitrust Investigations And Litigation
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.
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What 2025 Holds For UK, EU Restructuring And Insolvency
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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What To Know As EU Urges Outbound Investment Reviews
A recent European Commission recommendation urges European Union member states to review outbound investments in certain critical technologies sectors, but does not clarify the next steps for states once information on relevant transactions in third countries is received, say lawyers at Cleary.
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Competition Act Brings Important UK Merger Control Changes
Although recently effective sections of the Digital Markets, Competition and Consumers Act provide clarity on the transactions that may attract Competition and Markets Authority attention, some reforms potentially expanding the regulator's scope may be concerning to transacting parties, say lawyers at Fried Frank.
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How GCs Can Protect Cos. From Geopolitical Headwinds
Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.