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Corporate Crime & Compliance UK
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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.
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April 08, 2025
Kuwait Pension Chief's Estate Denies $1B Bribery Claims
The estate of the deceased Kuwaiti pension authority director denied on Tuesday that the businessman was involved in an unlawful scheme of corrupt payments in excess of $1 billion, saying he believed the payments were legitimate and above-board.
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April 08, 2025
Barclays Denies Ex-Employee's Role In Transfer Fraud Case
Barclays Bank told a London court that it is not responsible for a $643,000 fraud targeting a Singaporean fire safety company, arguing that the loss resulted from the company's "own failures" rather than any wrongdoing by the bank.
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April 08, 2025
Legal Advice No Shield For Ex-Metro Bank Execs, FCA Says
The City watchdog told a tribunal on Tuesday that two former Metro Bank executives could not use legal advice from Linklaters LLP as a "get-out-of-jail-free card" for publishing a statement at the heart of a £900 million ($1.2 billion) scandal.
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April 08, 2025
Nigerian Villagers Seek Shell Execs' Docs In Pollution Case
Thousands of Nigerian villagers urged the High Court on Tuesday to rebalance the "inequality of arms" in their battle with Shell by giving them access to documents that they believe could reveal the involvement of senior executives in decisions that led to widespread pollution.
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April 08, 2025
Ex-SFO Official Joins BNY Mellon As Senior Counsel
A former official of the Serious Fraud Office has joined the Bank of New York Mellon as a senior in-house counsel after more than a decade at law firms including Reed Smith.
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April 08, 2025
Former Georgian PM Wins Fight To Nix $1.8M Extortion Case
A former prime minister of Georgia won his bid on Tuesday to avoid a court case in London over allegations that he extorted a businessman for almost $1.8 million and tried to take over a tobacco business.
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April 08, 2025
Law Firm And Gov't Settle Axed Legal Aid Contract Dispute
A criminal law firm has settled its case against the Ministry of Justice, in which it had alleged that the government department unlawfully pulled a contract for legal aid services after the solicitors missed a deadline.
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April 08, 2025
FCA Boosts Testing Support For Innovative Products
The financial watchdog said Tuesday that it will make it easier for companies to test innovative products and support those which apply for regulatory approval as part of its work program for 2025/26.
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April 07, 2025
Starmer Calls For US Trade Deal That Avoids Tax Hikes
The Labour government would sign a trade deal with the U.S. only if the terms fit Britain's national interest, which would mean avoiding the need for further domestic tax hikes, Prime Minister Keir Starmer said in a news conference Monday.
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April 07, 2025
UK Gov't Fails To Keep Apple Legal Battle Secret
The legal challenge by Apple to the U.K. government's attempt to create a "back door" to personal encrypted data will not be kept secret, after a tribunal refused Monday to accept that revealing the bare details of the case would threaten national security.
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April 07, 2025
1 In 3 Criminal Barristers Report Bullying, Harassment
A third of criminal barristers say they have been bullied or harassed, the Criminal Bar Association revealed Monday, amid high attrition rates that add to the crisis in the criminal justice system.
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April 07, 2025
Cash Uncovered In FCA Probe Was My Dad's, Analyst Testifies
A former analyst for an asset management firm testified in London on Monday that £198,000 ($253,000) unearthed by investigators as part of an insider dealing probe was not dirty money, but was partially cash destined for his father's construction business in Albania.
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April 07, 2025
Linklaters Names New Global Financial Regulation Boss
Linklaters LLP said Monday that it has appointed a new global head of its financial regulation group who will be based in Hong Kong.
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April 07, 2025
Allianz Luxembourg Unit Penalized For AML Breaches
Luxembourg's financial regulator has hit the domestic branch of insurer Allianz with a €283,000 ($310,000) fine for breaching the country's anti-money-laundering and terrorist-financing rules.
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April 07, 2025
Brit Jailed For Money Laundering Plot After 7 Yrs On The Run
An extradited tax fugitive has been jailed for five-and-a-half years for his involvement in a £3.5 million ($4.5 million) money laundering scheme, HM Revenue and Customs said Monday.
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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.

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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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.
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Opinion
Prospects For New Fraud Prevention Prosecution Look Slim
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.
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What's Next After FCA Drops Troubled 'Name And Shame' Plan
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.