Corporate Crime & Compliance UK

  • 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.

  • 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.

  • 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.

  • 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."

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • April 02, 2025

    Law Firms Urged To Turn Up Client Wealth Scrutiny

    Solicitors in England and Wales must demand credible explanations for clients' wealth, or risk the public seeing firms as enablers of "kleptocracy, state capture and grand corruption," a charity task force warned Wednesday.

  • April 02, 2025

    Top UK Court Says Arraignment Failure Won't Void Conviction

    Britain's top court on Wednesday reinstated the conviction of a man who was found guilty of murder for a second time after a retrial, ruling that convictions should not be overturned because of a procedural failure to conduct a second arraignment.

  • April 02, 2025

    Enablers In The Spotlight As First Al-Fayed Claims Emerge

    Employers that allow sexual misconduct to go unpunished in the workplace are increasingly likely to be held liable, lawyers warn, as five women who worked for the late billionaire Mohamed Al-Fayed launch claims against his estate.

  • April 02, 2025

    Class Rep Says Appeal Court Entitled To Allow £2.7B FX Claim

    A class representative said Wednesday that the Court of Appeal was entitled to allow a £2.7 billion ($3.5 billion) foreign exchange claim to go ahead as an opt-out class action, arguing Britain's specialist competition tribunal was wrong to effectively end the proceedings.

  • April 02, 2025

    Experian Completes $350M Deal For Brazil Biz ClearSale

    Multinational Experian PLC said Wednesday it has completed its acquisition of Brazil-based ClearSale SA in a $350 million deal that the credit reference agency said will broaden its offering to include transaction fraud detection in account opening.

  • April 02, 2025

    Ankle Tag Maker Sues Sacked CEO Over Ties To Shareholders

    A company which makes technology for monitoring people remotely has brought legal action against its ousted chief executive, alleging that she lied about her interest in the company's shareholders and stole funds from the business.

  • April 02, 2025

    Funeral Director Charged With Fraud Over Care For The Dead

    Prosecutors have charged a funeral director in northern England with fraud and false representation as part of a major investigation into the way the remains of dozens of the recently deceased were cared for and managed.

  • April 02, 2025

    'Snow White' Email Shows Staley's Ties To Epstein, FCA Says

    The inability of former Barclays boss Jes Staley to remember "now infamous" emails with Jeffrey Epstein undermines his credibility and his attempts to overturn his ban for lying about his ties to the sex offender, the Financial Conduct Authority said Wednesday.

  • April 02, 2025

    Former Wyelands Director Fined £72K For Risky 'Failings'

    The Bank of England's regulatory arm said Wednesday that it has fined George Hambro, a former non-executive director of Wyelands Bank PLC, £72,000 ($93,000) for failings that threatened the safety of the now-inactive lender.

  • April 02, 2025

    Deutsche Bank Units Fined €25M In 'Greenwashing' Case

    Two subsidiaries of Deutsche Bank AG have been fined a total of €25 million ($27 million) for failing to fulfill environmental, social and governance promises in promotional materials for investment products, the Frankfurt Prosecutor's Office said Wednesday.

  • April 01, 2025

    Celtic Football Club Settles Sex Abuse Cases For £1M-Plus

    Celtic Football Club has agreed to settle numerous sexual abuse claims brought by former members of the club's boys team for a seven-figure sum, the law firm representing the claimants announced Tuesday.

  • April 01, 2025

    DWF Avoids Doc Request In Health Data Breach Claim

    DWF Law LLP dodged an order in court Tuesday to hand over documents to three people who allege that the law firm unlawfully shared their health data, after a London judge concluded that the request was merely a fishing expedition.

  • April 01, 2025

    Major Banks Appeal To Block Class In £2.7B Forex Case

    A group of major banks accused the Court of Appeal on Tuesday of circumventing Britain's specialist competition tribunal when it allowed a £2.7 billion ($3.5 billion) foreign exchange claim to go ahead against them as an opt-out class action.

  • April 01, 2025

    Motor Finance Ruling Was 'Egregious Error,' Lenders Say

    Motor finance firms urged the U.K. Supreme Court on Tuesday to overturn findings that car dealers owed a legal duty to act in the interests of their customers, as a landmark hearing that could determine the size of compensation bills begins.

  • April 01, 2025

    Ex-SFO Bribery Chief Rappo Exits Reed Smith After 21 Months

    A former joint head of the Serious Fraud Office's bribery and corruption unit has left Reed Smith LLP after less than two years working as a partner for its global regulatory investigation and enforcement practice.

Expert Analysis

  • Google Win Illustrates Hurdles To Mass Data Privacy Claims

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    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.

  • What To Know About FCA's UK Listing Rules Proposal

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    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.

  • Opinion

    UK Gov't Needs To Take Action To Support Whistleblowing Bill

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    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.

  • Issues To Watch At ABA's Antitrust Spring Meeting

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    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.

  • New UK Short Selling Rules Diverge From EU Regs

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    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.

  • How New EU Product Liability Directive Will Affect Tech And AI

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    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.

  • What Latest FCA Portfolio Letter Means For Payments Firms

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    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.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    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.

  • Court Backlog Could Alter Work Safety Enforcement Priorities

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    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.

  • New CMA Powers Will Change Consumer Protection Regime

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    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.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    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.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    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.

  • What To Note In EU Tech Transfer Agreements Consultation

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    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.

  • UK Refusal Of US Extradition Request May Set New Standard

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    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.

  • Insights On ESMA's Alternative Investment Fund Consultation

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    Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.

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