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Corporate Crime & Compliance UK
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April 11, 2025
Gowling Partner Revives Claim Against Ex-Boss At Credit Firm
A Gowling WLG partner on Friday rekindled her whistleblowing claim against her boss at a credit firm where she previously worked, convincing a London appeals judge that an earlier tribunal was wrong to let the executive off the hook.
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April 11, 2025
3 Convicted Of Driving €24M Car Sales VAT Fraud Ring
A German court convicted and sentenced three ringleaders of a value-added tax fraud scheme that used a series of shell companies and fake invoices to dodge €24 million ($27 million) in owed value-added taxes, the European Public Prosecutor's Office said Friday.
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April 11, 2025
Sheikh Wins $5M Antiques Fraud Case Against Art Dealers
A Qatari royal on Friday won his $5.2 million case against a pair of art dealers, with a London court ruling that the duo could not defend claims that they misrepresented the provenance of antiques because they failed to disclose key evidence.
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April 11, 2025
Teacher Loses Racial Bias, Harassment Claim
An employment tribunal has thrown out a teacher's claims that staff at a grammar school in southeast England discriminated and harassed her, putting an end to her case after she'd already had allegations that the head teacher committed insurance fraud to pay his solicitors tossed out.
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April 11, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen law firm Michael Wilson & Partners reignite a 20-year dispute with a former director over an alleged plot to form a rival partnership, headphone maker Marshall Amplification sue a rival in the intellectual property court, and a commercial diving company pursue action against state-owned nuclear waste processor Sellafield. Here, Law360 looks at these and other new cases in the U.K.
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April 11, 2025
UK Secures 1st Interpol Silver Notice To Recover Fraud Assets
The U.K.'s first-ever Interpol Silver Notice has been published to help trace and recover the criminal assets of a man convicted for an £8.5 million ($11.1 million) property investment fraud, the National Crime Agency announced Friday.
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April 11, 2025
Former Russian Politician Gets 3 Yrs For Sanctions Breach
A former Russian politician convicted of breaching sanctions and money laundering was sentenced to 40 months in prison on Friday for circumventing the U.K.'s financial restrictions on spending on daily living expenses.
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April 10, 2025
Germany Forms New Gov't With Plans To Cut Corporate Taxes
German political parties the Christian Democrats and the Social Democrats reached a coalition government agreement, including terms for corporate tax cuts and support for the global minimum corporate tax rate.
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April 10, 2025
Mittal Faces $216M Fraud Claims From Liquidators
The liquidators of one of Pramod Mittal's former companies convinced a judge Thursday to let them drag the steel magnate into $216 million litigation involving allegations that he fraudulently stripped millions of dollars from the business and distributed it to his family.
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April 10, 2025
Microsoft Pushes Back On UK's Cloud Software Findings
Microsoft has responded to the concerns raised by Britain's competition enforcer over the cloud services market, saying that artificial intelligence is radically reshaping the space, and that any regulatory intervention could make the industry less dynamic.
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April 10, 2025
Florist Can't Get £14M For Border Force's Poppy Destruction
A florist can't recover his alleged £14 million ($18.2 million) loss from U.K. border agents who seized and destroyed his shipments of dried poppy heads after mistakenly thinking they were illegal drugs, a London court ruled Thursday.
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April 10, 2025
BDO Loses Bid To Block Release Of NMCN Audit Files
BDO LLP lost its bid on Thursday to challenge a court order demanding that it hand over its audit documents for the now-defunct construction company NMCN, as the High Court said the accounting firm had not proved there was any serious error in the disclosure order.
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April 10, 2025
UK Authorities Arrest 7 Over €3M Invoice Scam Network
British authorities have arrested seven suspects linked to a criminal group that laundered the estimated €3 million ($3.3 million) annual profit from a fake invoice scheme dating back to 2018, a European Union agency said Thursday.
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April 10, 2025
Pensions Regulator's AI Tool Takes Aim At Criminals
The retirement savings watchdog has helped develop artificial intelligence technology to identify and remove websites that attempt to defraud people and steal their pension funds.
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April 10, 2025
FCA Boss Rathi Appointed To 2nd Term With Growth Focus
HM Treasury said Thursday that it has reappointed Nikhil Rathi as chief executive of the Financial Conduct Authority to continue its reform of the regulations to support economic growth.
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April 10, 2025
EY Fined £4.9M Over Audits Of Travel Giant Thomas Cook
The accounting watchdog said Thursday that it has hit Ernst & Young LLP with a fine of £4.88 million ($6.29 million) for "serious breaches of standards" when it completed the last audits for Thomas Cook, the travel group that collapsed in 2019.
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April 09, 2025
Ex-Axiom DWFM Lawyer Accused Of Diverting Client Funds
The Solicitors Regulation Authority accused a former solicitor at Axiom DWFM on Wednesday of diverting money that belonged to the firm into his account when he carried out client work.
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April 09, 2025
EPPO Can't Avoid Judicial Review Of Witness Summons
Europe's top court has ruled that decisions of the European Union financial crime prosecutor must be open to judicial review after suspects in a Spanish subsidy fraud probe challenged the authority's decision to summon a staffer to give evidence.
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April 09, 2025
Rabobank Headed To Court Over Laundering Allegations
Rabobank said Wednesday that it will face allegations from the Dutch Public Prosecution Service in court in connection with a money laundering and terrorist financing investigation, as the two sides have failed to settle the case.
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April 09, 2025
Tycoon Loses Challenge To Bankruptcy Order Over £1B Debt
An Indian tycoon has failed in his bid to challenge a bankruptcy order against him after a court ruled Wednesday that his creditors are entitled to say he has not properly paid off his £1 billion ($1.28 billion) debt because assets used to discharge it could be clawed back by authorities.
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April 09, 2025
US Tariffs Threaten Global Growth, Bank Of England Says
The U.S. government's tariff policy has created intense uncertainty for global trade and has increased risks to economic growth around the world, the Bank of England warned Wednesday.
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April 09, 2025
Ex-Russian Politician Convicted Of Breaching UK Sanctions
A former Russian politician once appointed by President Vladimir Putin to serve in occupied Crimea was convicted of breaching sanctions in London on Wednesday, the first person ever to be held criminally responsible for circumventing the country's financial restrictions.
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April 09, 2025
Ex-Everton Director Loses Fight Over Sanctions Disclosure
A former director of Everton Football Club lost on Wednesday his fight to force the British government to identify a public body that proposed sanctioning him after Russia invaded Ukraine, which was part of his challenge against sanctions.
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April 08, 2025
Revolut Bank Fined €3.5M In Lithuania Over AML Failures
Lithuania's central bank said Tuesday that it has fined Revolut Bank UAB €3.5 million ($3.8 million) for breaching anti-money laundering requirements.
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April 08, 2025
BDO Faces Probe Over Collapsed Home REIT's Audit
The Financial Reporting Council is investigating BDO LLP's audit of the ailing real estate investment trust Home REIT PLC's consolidated financial statements from years before the investor announced it would wind down, the corporate governance regulator said Tuesday.

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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What Cos. Must Note From FCA Bulletin On Leaking M&A Info
The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.
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FCA's Odey Decision Is Wake-Up Call For Financial Firms
The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.
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How Ransomware Payment Reforms Could Affect UK Cos.
The Home Office’s recent proposals to ban ransomware payments by publicly owned bodies is a welcome first step in its aims to tackle the cybercrime industry, but the risk remains that hackers will now focus on private companies that are still permitted to pay a ransom, says Dominic Holden at Lawrence Stephens.
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Key Takeaways From The 2025 Spring Antitrust Meeting
Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.
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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.