Try our Advanced Search for more refined results
Corporate Crime & Compliance UK
-
Featured
Lynch's Death Puts UK-US Extradition Under The Microscope
The death of technology tycoon Mike Lynch has triggered calls by a lawmaker to scrap Britain's extradition agreement with the U.S. amid proposals that U.K. citizens should be prosecuted at home, although lawyers say the status quo is unlikely to change.
-
September 04, 2024
Lawyer Must Face Tribunal Over Claims He Misled Over Costs
A solicitor accused of being misleading about costs has lost his attempt to escape the charges as a tribunal ruled on Wednesday that it was still in the interests of justice to try the case, seven years after the alleged wrongdoing.
-
September 03, 2024
Vet Gets Suspended Sentence For Allianz Pet Insurance Fraud
A crown court handed a veterinary nurse from West Sussex a suspended sentence after she admitted to making over £13,000 ($17,000) worth of fraudulent insurance claims from Allianz subsidiaries for her pets using the systems at her workplace.
-
September 03, 2024
Tech Co. Accused Of Defrauding 'Plasma Reactor' Investor
A Chinese businessman and his company have sued a U.K. technology company claiming they were defrauded of nearly £2.9 million ($3.8 million) by the firm and its directors after being led under false pretenses into investing in the development of a so-called "plasma reactor."
-
September 03, 2024
Lawyer Accused Of Misleading Over Costs Fights To Ax Case
A solicitor accused of misleading a client over his costs asked a tribunal on Tuesday to strike out the case against him, claiming that the Solicitors Regulation Authority had waited too long to bring the case.
-
September 03, 2024
CPS Taps DVLA Chief As Next Director General
The agency responsible for prosecuting criminal cases in England and Wales said Tuesday that it has hired the head of the U.K. drivers' licensing agency as its next operations chief, to take responsibility for its resourcing and policy strategy.
-
September 03, 2024
SFO Seizes Watches Worth £500K In £76M Fraud Probe
Serious Fraud Office investigators seized watches on Tuesday from a suspect arrested in a £76 million ($100 million) investment fraud probe into the collapse of a luxury care home provider in 2019.
-
September 03, 2024
Pay To Play: The 2-Tier Legal Route For Crypto-Fraud Victims
More people are falling victim to cryptocurrency scams, but their options for recovering money are few and expensive, which creates a two-tier approach — one for those who have the means to pay lawyers and consultants and another for those who don't.
-
September 02, 2024
SFO Can't Challenge Liability For ENRC Probe
An English appellate court refused on Monday to allow the Serious Fraud Office to challenge findings that its former officials encouraged a former Dechert LLP partner to divulge confidential details about an internal investigation into a mining company.
-
September 02, 2024
OFSI To Bring 1st Penalty For Sanctions Violation This Year
Britain's sanctions enforcer will bring the first penalty for breaching the banning rules later this year as the agency looks to crack down on Russian oligarchs whose assets have been frozen since the invasion of Ukraine, a senior Treasury official said Monday.
-
September 02, 2024
Greensill, Gupta Deny Conspiracy In Zurich Insurance Row
Financier Lex Greensill and steel magnate Sanjeev Gupta have denied conspiring to deceive underwriters at insurance giant Zurich over allegedly fake debts, amid a $400 million court battle in London over trade credit insurance.
-
September 02, 2024
Tribunal Backs FCA In Denying Ashraf Wealth Management
A London tribunal upheld on Monday the Financial Conduct Authority's decision to deny authorization to Ashraf Wealth Management Ltd., finding that the company's founder was not a "fit and proper person" for carrying out regulated activities.
-
September 02, 2024
HP Will Pursue $4B Mike Lynch Fraud Case 'To Conclusion'
Hewlett Packard confirmed on Monday that it will take its claim for $4 billion against Mike Lynch "to its conclusion" after the death of the entrepreneur, as the technology giant weighs the risks of attempting to recover damages from his family.
-
September 02, 2024
Microsoft To Face UK Class Action Over License Pricing
Microsoft is set to face a multibillion-pound class action case brought by a former U.K. prosecutor over allegations that the tech giant illegally inflated the prices of software licenses, lawyers who plan to represent consumers said on Monday.
-
September 02, 2024
SFO Ready To Cut Deals With Suspects To Nail Corporates
Britain's white-collar criminal enforcer is open to cutting deals with company insiders implicated in wrongdoing in exchange for "smoking gun" evidence that helps lead to a corporate conviction, a senior official at the Serious Fraud Office said Monday.
-
August 30, 2024
UK Drops Antitrust Probe Into School Software Co.
A United Kingdom school software company is no longer facing antitrust scrutiny over alleged litigation threats against schools looking to switch providers, but the firm continues to suggest that it may take action against the "misuse of its intellectual property" that it says complaints to authorities were meant to hide.
-
August 30, 2024
Danish Gov't Pledges No Ponzi Analogies At $2.1B Tax Trial
The Danish tax authority won't compare pension funds, investors and attorneys it has accused of defrauding Denmark in a $2.1 billion tax refund scheme to a Ponzi scheme or infamous perpetrator Bernie Madoff, it said Friday in New York federal court.
-
August 30, 2024
UK's Labour Gov't Urged To Raise Capital Gains Tax
The Labour government is facing calls to raise the capital gains tax despite financial firms advising investors to sell off their assets or even leave the United Kingdom over the possible tax hike.
-
August 30, 2024
Couple Accused Of £29B Fraud Forced To Disclose Wealth
A Chinese couple could be forced to divulge how they built a multimillion-pound property business in the U.K. after a London judge ruled Friday that investigators had reason to suspect their money came from an alleged £29 billion ($38 billion) banking fraud.
-
August 30, 2024
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen television property developer Kambiz Babaee hit with a fraud claim, a Bitcoin podcaster reignite a dispute with Australian computer scientist Craig Wright and football club owner Massimo Cellino's company file a claim against ClearBank. Here, Law360 looks at these and other new claims in the U.K.
-
August 30, 2024
Swiss Banks Face Legal Issues On Instant Payments
The Swiss Banking Association has warned that the requirement for the largest banks to offer instant payments from August is raising challenges around legal requirements like verifying the recipient's identity and sanctions checks.
-
August 30, 2024
Ex-Lawyer Denies Conducting Litigation Without Authorization
A former lawyer appeared in court Friday to deny conducting litigation in family proceedings without being authorized.
-
August 30, 2024
Widow Alleges Stake To $3B Oligarch Fortune Is Made Up
The widow and daughter of a Russian cement tycoon have argued that his family "invented" a business partnership agreement to rob them of inheritance, in the latest development of a fight over more than $3 billion in assets.
-
August 30, 2024
Standard Life Named 'Safe Haven' For Defrauded Pensioners
Insurer Standard Life has been appointed as a "safe haven" pension provider for members of retirement schemes that have lost out to fraud, the company said.
-
August 29, 2024
Chicago Museum Clinging To Nazi-Looted Art, NY Court Told
A prosecutor in the Manhattan District Attorney's Office argued in court Thursday that the Art Institute of Chicago is ignoring the horrors of the Nazi regime as it "desperately" attempts to hold onto a Holocaust victim's stolen Egon Schiele drawing.
-
August 29, 2024
Fight Against Dirty Money Should Target Lawyers, Report Says
Britain's use of foreign aid to fund the fight against dirty money overseas falls short of what is needed, an anti-corruption charity warned Thursday, as it urged law enforcement authorities to take action against those who help perpetrators.
Editor's Picks
-
NCA Ducks Litigation Risk In 1st Seizure Of Sanctioned Assets
The decision by the National Crime Agency to secure the forfeiture of the assets of a sanctioned Russian oligarch is a pragmatic victory that avoids the risk of setting a damaging legal precedent, lawyers say.
-
How 3 Firms Cleared 2 Ex-Autonomy Execs In HP Fraud Case
A California federal jury's rejection last week of fraud charges against the founder and former finance vice president of British software company Autonomy validated an approach by the defendants' three law firms — Steptoe, Clifford Chance and Bird Marella — to form a "seamless" collaboration throughout the trial, from jury selection to closing arguments.
-
Starmer Could Crack Judicial Crisis, Former CPS Chiefs Say
Keir Starmer's lead in the polls as the general election in July approaches has sparked hopes among criminal justice advocates that the Labour leader — a former top prosecutor — will implement reforms as prime minister.
Expert Analysis
-
GDPR 6 Years On: Key Points From EU Report
The European Commission’s recent report on the General Data Protection Regulation is clearly positive, concluding that it has brought benefits to both individuals and businesses, but stakeholders are still awaiting essential guidelines on scientific research and important business concerns remain, say Thibaut D'hulst and Malik Aouadi at Van Bael & Bellis.
-
Opinion
Without Change, Fighting Fraud Is A Losing Battle For The UK
To successfully fight fraud cases in the U.K. — like the Russian Coms scam recently shut down by the National Crime Agency — it is clear there needs to be significant investment in recruiting and training expert investigators, and meaningful engagement between the country’s intelligence platforms, says Anthony Hanratty at Howard Kennedy.
-
Embedding Consumer Duty: 6 Areas Firms Should Prioritize
The Financial Conduct Authority has repeatedly emphasized that complying with the Consumer Duty is not a tick-box exercise but an ongoing responsibility, so firms need to show that the duty is at the heart of their practices by staying compliant in areas from cultural change to customer vulnerability, say Nicola Higgs and Becky Critchley at Latham.
-
2 UK Rulings Highlight Persistent Push Payment Fraud Issues
Two recent High Court decisions, Larsson v. Revolut and Terna DOO v. Revolut, demonstrate that authorized push payment fraud continues to cause headaches for consumers and financial institutions alike, and with forthcoming mandatory reimbursement requirements, more APP fraud litigation can be expected, say lawyers at Charles Russell.
-
Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling
The Second Circuit’s 2021 decision in U.S. v. Bescond, holding that a French resident indicted abroad did not meet the legal definition of a fugitive, deepened a circuit split on the fugitive disentitlement doctrine, and courts continue to grapple with the doctrine’s reach and applicability, say attorneys at Lankler Siffert.
-
What Labour Has In Mind For UK Data Protection Law Reform
The U.K.'s new Labour government is indicating that it will strengthen the country's cybersecurity regime, and introduce artificial intelligence legislation similar to that of the European Union, in an attempt to further reform data protection law and harness the power of data for economic growth, says Victoria Hordern at Taylor Wessing.
-
ECJ Cartel Damages Rulings Are Wins For Multinational Cos.
Two decisions from the European Court of Justice last month clarifying the limits of the single economic unit doctrine in cartel damages proceedings will help multinational companies anticipate and prepare for litigation within a narrower band of possible jurisdictions, say lawyers at Linklaters.
-
Takeaways From EU's 'Pay Or Consent' Advertising Probe
Anne-Gabrielle Haie and Charles Whiddington at Steptoe examine key points from the European Commission's recent investigation into Big Tech's use of "pay or consent" advertising models, as well as the European Data Protection Board’s opinion on how such models can comply with EU competition and data protection laws.
-
Why NCA's 1st Seizure Of Sanctioned Funds Is Significant
The National Crime Agency’s recently secured forfeiture of a Russian oligarch's sanctioned funds was a landmark achievement, and is particularly notable because it was made under the Proceeds of Crime Act, illustrating how U.K. authorities can coordinate their respective powers to confiscate assets, says Lindsey Cullen at WilmerHale.
-
UK Judgment Could Change Anti-Money Laundering Regimes
After the Court of Appeal of England and Wales' determination that criminal property remains criminal property in the hands of its purchaser even if purchased at market value, many businesses could face a new or heightened risk of prosecution for criminality in their supply chains and related money laundering offenses, say lawyers at Macfarlanes.
-
Takeaways From First EU Foreign Subsidy M&A Investigation
The European Commission's recent investigation into Emirates Telecommunications' proposed acquisition of PPF Telecom is the first in-depth investigation of an M&A deal under the Foreign Subsidies Regulation, demonstrating that the regulation can have real consequences in practice that companies must consider at the outset of large transactions, says Matthew Hall at McGuireWoods.
-
Takeaways From New FCA Rules On Research Payments
The Financial Conduct Authority’s recently published final rules on payment optionality for investment research, which involve a client disclosure obligation option, will be welcome news for U.K. managers who buy investment research from U.S. brokers, and for global asset management groups, says Anna Maleva-Otto at Schulte Roth.
-
How Digital Markets Act Will Enhance Consumer Protections
The Digital Markets Act represents a major shift in U.K. competition and consumer protection law by introducing a new regulatory regime for large digital firms, and by giving the Competition and Markets Authority broader merger investigation powers and a wider enforcement remit for online activities, say lawyers at Cooley.
-
What Steps Businesses Can Take After CrowdStrike Failure
Following last month’s global Microsoft platform outage caused by CrowdStrike’s failed security software update, businesses can expect complex disputes over liability resulting from multilayered agreements and should look to their various insurance policies for cover despite losses not stemming from a cyberattack, says Daniel Healy at Brown Rudnick.
-
Drafting Settlement Agreements That Avoid Future Disputes
Several recent U.K. rulings highlight the importance of drafting precise settlement agreements to prevent time-consuming and costly disputes over what claims the agreements were meant to cover, says Michelle Radom at Osborne Clarke.