Corporate Crime & Compliance UK

  • September 23, 2026

    Broadcast Co. Auditors Pin £225M Loss On Directors' 'Fraud'

    Auditors for Arena Television have denied liability for losses of almost £225 million ($298 million) stemming from a "pervasive fraud" allegedly perpetrated by the collapsed company's directors, saying the fraudulent activity was concealed from them.

  • September 23, 2026

    Tech Entrepreneur In Contempt Over Asset Freeze Breaches

    Tech entrepreneur Oussama Ammar has been found guilty of contempt of court after he repeatedly breached asset freezing orders and lied in sworn statements.

  • September 22, 2026

    FCA Closes In On Money-Mule Accounts Amid Rising Trend

    Financial firms shut down almost 240,000 accounts suspected of laundering money in the U.K. last year, but criminals are still moving illicit funds through multiple bank accounts before cashing out, the City regulator said Wednesday.

  • September 22, 2026

    Top KC Kelsey-Fry Sues Golf Club Bosses Over £5M Payment

    A leading King's Counsel, a former Formula One boss and a billionaire financier are seeking to recover £5 million ($6.7 million) as part of a legal tussle over control of their exclusive golf club, with a trial set to start in early 2028, the High Court was told on Tuesday.

  • September 22, 2026

    Carter-Ruck Ruling Could Hobble SRA's SLAPP Investigations

    The High Court's ruling restricting the Solicitors Regulation Authority's access to legally privileged material could hamper investigations into alleged misconduct connected with client work, particularly strategic lawsuits against public participation, lawyers say.

  • September 22, 2026

    Kuwait Loses Bid To Extradite Former Pension Chief's Widow

    Kuwait can't extradite the widow of its former pension chief from the U.K. to serve a lifetime prison sentence for allegedly stealing $73.8 million, a London judge has ruled, saying prosecutors failed to formally notify her about her criminal trial.

  • September 22, 2026

    Suspect Arrested In Electronics VAT Fraud, EPPO Says

    Dutch authorities have arrested a suspected broker in a large-scale value-added tax fraud ring involving electronics, seizing €3.5 million ($4 million) worth of assets in the process, the European Public Prosecutor's Office said Tuesday.

  • September 22, 2026

    UBS Fined €5M Over Credit Suisse Legacy Tax Evasion

    UBS said Tuesday it has agreed to pay €5 million ($5.7 million) to the Dutch Public Prosecution Service to settle a legacy case involving alleged tax evasion linked to 12 former Credit Suisse clients.

  • September 22, 2026

    FCA Wrongly Applies Time Limit To Redress Complaint

    The Financial Conduct Authority has accepted a recommendation to investigate a complaint over its handling of a redress scheme for customers of a group of lenders, after the Complaints Commissioner found the regulator had wrongly rejected the case as out of time.

  • September 21, 2026

    UK's New AML Plans May Drive Surge In Financial Crime Work

    Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.

  • September 21, 2026

    Glencore Can Bring $236M Fraud Claim Against Prax Refinery

    Glencore won permission Monday to sue the insolvent Prax Lindsey Oil Refinery over more than $236 million of crude oil supplied before it collapsed, after a London judge found the trader had an arguable case to trace some assets.

  • September 21, 2026

    FCA Sues Hunter Jones Over Alleged Unauthorized Activity

    The Financial Conduct Authority said Monday that it had brought a claim against property investment specialist Hunter Jones Group and its director over claims the company is carrying out regulated activity without authorization.

  • September 21, 2026

    Ex-Met Officer Gets 4 Years For Staged Insurance Scams

    A London court has sentenced a former Metropolitan Police officer to four years and five months in prison for his involvement in a string of fraudulent insurance claims for intentional car crashes, amid an increased focus on "crash for cash" scams.

  • September 21, 2026

    Care Worker Wins £28K After Employer 'Abused' Visa System

    An Indian care worker has been awarded £28,123 ($37,600) after an employment tribunal found that his employer "abused" the visa sponsorship system by creating false documents to "mislead" the Home Office.

  • September 21, 2026

    Carter-Ruck Wins Battle To Shield Privileged Docs From SRA

    The Solicitors Regulation Authority cannot compel law firms to disclose documents protected by clients' legal professional privilege during misconduct investigations, a London judge ruled Monday, potentially narrowing the material available to the watchdog in some disciplinary cases.

  • September 18, 2026

    F1 Says Sanctions Bar Russian Promoter's $24M Refund Bid

    The Formula One World Championship has fought back against claims that it still owes a Russian promotion company a refund for $24 million in race fees that it handed over before Russia's military invasion of Ukraine voided their contract as Western governments imposed sanctions.

  • September 18, 2026

    Superyacht Owner Seeks To Limit Payouts Over Fatal Sinking

    The owner and manager of a superyacht that sank off the Sicilian coast, killing technology entrepreneur Mike Lynch and his Clifford Chance LLP lawyer, have filed a claim in London aimed at limiting what they could owe in damages to individuals affected by the sinking.

  • September 18, 2026

    Claims In Tech Exec's Stock Theft Suit Sent To Arbitration

    A New York federal judge has sent claims against a manager of lender W Management Services and agent SRT Capital SPC Ltd. to arbitration in a wide-ranging suit brought by an Aeva Technologies co-founder who alleges Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars.

  • September 18, 2026

    Frontier AI Explosion Makes Senior Managers Vulnerable

    Lawyers are urging the Financial Conduct Authority to rush out guidance on how far senior managers are accountable for growing risks from cutting-edge artificial intelligence amid unclear and outdated rules.

  • September 18, 2026

    Lawyers Can Claim Private Rates In Legal Aid Contempt Case

    A solicitor can recover all the legal costs of defending herself from contempt proceedings brought by a puppy farm after an appeals court held Friday that her fee agreement with her defense lawyers meant she could claim more than the legal aid rate.

  • September 18, 2026

    Arab Bank Sues Client For £17M Over Mass Loan Defaults

    Arab Bank Europe has sued an Omani businessman for more than £17 million ($22.7 million) after he allegedly failed to cover payments on four defaulted corporate loans he had guaranteed.

  • September 18, 2026

    Addison Lee Founder Loses £20M Appeal Over Tax Status

    A businessman who founded British private car hire company Addison Lee can't avoid over £20.5 million ($27.4 million) in taxes after a London tribunal rejected his claim to nondomicile tax status over his family connections to Ireland.

  • September 18, 2026

    Five Deny Tax Fraud Charges Over Payroll Outsourcing

    Five individuals pleaded not guilty Friday at a London criminal court to tax fraud and money laundering charges linked to an HM Revenue and Customs investigation into a payroll outsourcing business.

  • September 18, 2026

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

    The past week in London has seen Victoria's Secret and Thomas Pink file competing IP claims, more than 1,000 retail consumers launch a group action against Binance, Baker Hughes targeted in a commercial claim by its former Russian subsidiary and university students hit four British institutions with breach of contract claims over pandemic-era closures.

  • September 17, 2026

    AI Imaging Biz Defends Barring Investor's Pick From Meeting

    A British artificial intelligence medical imaging company has denied that it wrongfully excluded an investor's appointed observer from board meetings, attributing the decision to a potential conflict of interest.

Expert Analysis

  • EU's AI Omnibus Proposal Offers 10 Key Changes For Cos.

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    The European Commission’s recent proposal for an artificial intelligence digital omnibus aims to ease compliance burdens by extending timelines and increasing flexibility, bringing relief for midcaps and small and midsize enterprises, while enhanced cooperation requirements for regulators should reduce administrative duties for businesses, say lawyers at Cooley.

  • Tracking Crypto-Asset Tax Rules In 2025 And Beyond

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    The past year has seen an increasing amount of regulation in the crypto-asset space, with a range of novel and complex taxation challenges for regulators, and taxpayers can expect a marked increase in HM Revenue & Customs' compliance activity in the year ahead, says Liam McKay at RPC.

  • 2025 UK Merger Reforms Simplify Path For Deals

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    Dealmakers should laud the 2025 reforms in the U.K. merger control and investment screening landscape, as the Competition and Markets Authority’s renewed focus on economic growth — and on implementing more flexible, streamlined and hands-off procedures — makes planning transactions a more predictable process, say lawyers at Akin Gump.

  • Train Ticket Class Action Shows Limits Of Competition Law

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    The Competition Appeal Tribunal's recent judgment in Gutmann v. London & Southeastern Railway, Govia Thameslink Railway and First MTR South Western Trains Ltd. restates the important principle that a high bar is required to demonstrate an abuse of dominance, providing welcome clarification for consumer-facing businesses that competition law is not intended to serve as a general vehicle for consumer protection, say lawyers at Freshfields.

  • Navigating Legal Privilege Issues When Using AI

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    The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.

  • A Look At Factors Affecting Ombudsman Complaint Trends

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    Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.

  • What To Know About FCA's Short Selling Regime Proposals

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    Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.

  • CMA's Leniency Guide May Change Self-Report Calculus

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    The Competition and Markets Authority's updated leniency guide introduces significant changes to bolster cartel enforcement, with incentives to early self-report that will be welcomed by businesses, but the weighty specter of potential class actions could greatly outweigh the discount on administrative fines, say lawyers at Cooley.

  • Why EU's FDI Screening Proposals Require Careful Balance

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    The European Commission’s proposals to harmonize EU foreign direct investment screening regimes at the member state level require a trilogue between the commission, Parliament and council, which means political tensions need to be resolved in order to reach agreement on the five key reforms, say lawyers at Arnold & Porter.

  • Fashion Giants' €157M Fine Shows Price-Fixing Not In Vogue

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    The European Commission’s recent substantial fining of fashion houses Gucci, Chloé and Loewe for resale price maintenance in a distribution agreement demonstrates that a wide range of activities is considered illegal, and that enforcement under EU competition law remains a priority, says Matthew Hall at McGuireWoods.

  • OFSI Proposals Signal Greater Focus On Enforcement Activity

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    The Office of Financial Sanctions Implementation’s proposed financial sanctions reforms, with risks of higher penalties and more stringent disclosure requirements for U.K. banks and companies, reflect the agency’s evolution into a more sophisticated and robust enforcement regulator, says Irene Polieri at Gibson Dunn.

  • How 2nd Circ. Decision Extends CFTC's Extraterritorial Reach

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    The Second Circuit recently concluded in U.S. v. Phillips that the Commodity Exchange Act extends to entirely foreign conduct if a victim of the conduct is based in the U.S., suggesting there is a heightened risk that foreign swap transactions will be susceptible to U.S. regulation when U.S. counterparties are involved, say attorneys at Skadden.

  • UK Getty Ruling Tests Balance Of IP Rights And AI Industry

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    The recent Getty Images v. Stability AI High Court decision, rejecting copyright claims while upholding limited trademark infringement, will influence the creative community and U.K. artificial intelligence industry alike, and the training of AI models in the U.K. is still a risk, say lawyers at Powell Gilbert.

  • Takeaways From Landmark UK Ruling On Brazil Dam Collapse

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    The High Court found BHP liable for a Brazilian dam collapse that resulted in a major environmental disaster, showing that England remains open for complex transnational environmental claims and providing a road map for other mass claims that are sure to follow this case, says Josep Galvez at 4-5 Gray's Inn Square.

  • Navigating Compliance As EU Cybersecurity Rules Evolve

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    One year after the European Union’s Network and Information Systems Directive 2 took effect, in-scope organizations are encountering mounting pressure to meet new cybersecurity standards, and national variations are creating additional challenges for companies that operate across multiple EU jurisdictions, say lawyers at Goodwin.

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