Corporate Crime & Compliance UK

  • 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.

  • 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.

  • 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.

  • 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.

  • April 04, 2025

    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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Expert Analysis

  • EU Report May Influence Regulation Of Decentralized Finance

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    The European supervisory authorities’ recent report on decentralized finance highlights the major regulatory challenges and increased cybersecurity risks of this ecosystem, and will likely provide useful guidance on how the market could be regulated to limit potential risks for investors, say Hubert de Vauplane and Hugo Bordet at Morgan Lewis.

  • EU Paper Urges Data Protection And Competition Law Unity

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    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.

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    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.

  • The Pros And Cons Of A 2nd Trump Term For UK Tech Sector

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    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.

  • Why EU Omnibus Package Is Receiving Mixed Reactions

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    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.

  • Review Of Computer Evidence Use Raises Complex Issues

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    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.

  • How Proposed Private Share Trading System May Benefit Cos.

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    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.

  • New Bill Introduces Important Whistleblower Protections

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    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.

  • Important Changes To Note In Accountant Ethics Code Update

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    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.

  • What EU Sustainable Category Proposals Will Mean For Funds

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    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.

  • What To Expect As CAT Considers Mastercard Settlement

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    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.

  • Managing Transatlantic Antitrust Investigations And Litigation

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    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.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    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.

  • What To Know As EU Urges Outbound Investment Reviews

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    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.

  • Competition Act Brings Important UK Merger Control Changes

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    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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