Corporate Crime & Compliance UK

  • January 29, 2025

    SRA Fights To Revive AML Misconduct Case Against Dentons

    The solicitors' regulatory body sought on Wednesday to revive its misconduct case for alleged money laundering breaches against Dentons, arguing at a court in London that a tribunal had misunderstood the legal principles at stake.

  • January 29, 2025

    UK Watchdog To Help Small Businesses Obtain Audits

    The Financial Reporting Council said Wednesday it has launched a year-long campaign to help small businesses get audit services to help them raise capital.

  • January 28, 2025

    SRA Aims To Launch First Post Office Prosecutions In Summer

    The Solicitors Regulation Authority is aiming to bring the first prosecutions in connection with the Post Office Horizon scandal in the summer, according to the watchdog's chair.

  • January 28, 2025

    Ringleader Of €297M VAT Fraud Scheme Charged In Latvia

    The suspected ringleader of a €297 million ($309 million) cross-border tax fraud involving popular electronic devices has been indicted in Latvia, a European prosecutor has said.

  • January 28, 2025

    CMA Panel Blasts Microsoft's Software Licensing Practices

    The antitrust watchdog should consider sanctioning Microsoft over the harmful effect of its software licensing practices on the cloud computing market, an independent inquiry group said Tuesday.

  • January 28, 2025

    France Probes Binance Over Money Laundering Breaches

    France's public prosecutor on Tuesday opened a criminal investigation into crypto exchange Binance over suspected money laundering and terrorist financing breaches that authorities said may have enabled tax fraud and drug trafficking.

  • January 28, 2025

    AerCap Says Insurers Are On The Hook For Stranded Planes

    There is "no merit whatsoever" to arguments by aviation insurers seeking to escape liability for the loss of aircraft seized by Russian airlines, a lawyer for major lessor AerCap said in closing submissions Tuesday at a High Court trial with billions of dollars at stake.

  • January 28, 2025

    HDI Reaches Settlement On Planes Stranded In Russia

    Insurance company HDI Global Specialist SE has settled its fight with a dozen aircraft companies over payouts for planes stranded after Russia's invasion of Ukraine, ending one of many disputes in sprawling litigation worth billions of pounds. 

  • January 28, 2025

    EU Authorities Smash €100M Money Laundering Scheme

    A group of more than 20 individuals suspected of running a €100 million ($104 million) money laundering scheme in Europe has been arrested following a two-year investigation by law enforcement authorities in Spain, Cyprus and Germany, an EU agency said Tuesday.

  • January 27, 2025

    HMRC Can Appeal In Dispute Over UK-Ireland Tax Agreement

    HM Revenue & Customs can proceed with an appeal in its case alleging an Irish company's investment in a U.K.-based company was made to gain tax advantages, the Court of Appeal ruled Monday after hearing arguments.

  • January 27, 2025

    Past Unproven Assault Claim Drove Doctor's Unfair Dismissal

    An employment tribunal has ruled that a London hospital unfairly fired one of its doctors over unproven allegations of sexual misconduct without thoroughly investigating the matter.

  • January 27, 2025

    3 Sentenced For Circumventing Bank Anti-Fraud Checks

    Three men were sentenced Monday for their role in running a website enabling criminals to defraud victims by circumventing banking anti-fraud checks and generating up to an estimated £7.9 million ($9.9 million) in subscription fees, the National Crime Agency has said.

  • January 27, 2025

    Employment Rights Body Starts To Probe 2 Freelancer Apps

    The U.K.'s employment rights minister has warned two freelancer apps that they might be failing to provide users with proper pay and holiday entitlements, as the Employment Agency Standards Inspectorate probes their operations.

  • February 03, 2025

    Morgan Lewis Adds Competition, Finance Pros In London

    Morgan Lewis & Bockius LLP said Monday it has hired specialists in competition and structured finance from Baker McKenzie and Akin Gump, respectively, as it looks to continue to expand across Europe.

  • January 27, 2025

    Mike Ashley Wins Data Request Battle With HMRC

    HM Revenue and Customs wrongly withheld personal information from Mike Ashley after the founder of the Sports Direct chain issued a data request following the tax authority's demand for £13.6 million ($17 million) in additional taxes, a London court ruled Monday.

  • January 27, 2025

    FCA Urges Tribunal To OK Spoofing Fines For 3 Bond Traders

    The Financial Conduct Authority asked a tribunal on Monday to uphold its disciplinary action against three traders for alleged market abuse, saying they had engaged in trading that was intended to mislead the market and should be subject to a ban and a fine.

  • January 27, 2025

    Guralp Says SFO Missed Deadline To Enforce DPA Breach

    The Serious Fraud Office missed the deadline to enforce a major breach of a corporate bribery settlement with a seismic technology company because of an unfortunate — but crucial — "slip up," lawyers for the business argued at a London court Monday. 

  • January 27, 2025

    Trader Faces US Extradition Over $10M Securities Fraud

    A trader wanted for running a "pump and dump" scheme that generated more than $10 million in unlawful stock sales will face extradition to the U.S. at a London court hearing in June, it was confirmed on Monday.

  • January 24, 2025

    Reed Smith Brings Back Tax Pro From Amazon In Brussels

    An attorney who specializes in customs, trade and excise tax matters in the European Union and U.K. has rejoined Reed Smith LLP in Brussels after a stint at Amazon, the firm announced.

  • January 24, 2025

    FCA Settles Claims Law Firm Helped Illegal Investment Plans

    The Financial Conduct Authority said Friday it has settled with a regional law firm over allegations that it helped a client promote a misleading care home investment scheme causing £50 million ($62 million) in losses.

  • January 24, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Axa Insurance and Admiral face a claim from a former lawyer recently exposed for personal injury fraud, the owner of Reading Football Club sue a prospective buyer and mobile network Lycamobile tackle action by Spanish network Yogio. Here, Law360 looks at these and other new claims in the U.K.

  • January 24, 2025

    Securities Class Actions Down But Not Out After Suboxone

    The Court of Appeal's refusal to allow investors in Reckitt and Indivior to bring a novel group claim over the marketing of an opioid addiction treatment marks a further setback for shareholders looking to hold listed companies liable for plunges in share prices.

  • January 24, 2025

    SFO Lawyers Say ENRC Win Worth Upwards Of $120M

    A decision barring Kazakh miner ENRC from asserting damages on behalf of its subsidiaries against the Serious Fraud Office could be worth as much as $120 million, the agency's lawyers have said.

  • January 24, 2025

    FBI 'Bait And Switch' Breached Suspect's Rights, Lawyer Says

    FBI agents held an Israeli private investigator accused of hacking climate activists in custody without warning him of his right to remain silent, denying him a fair trial if he is extradited to the U.S., a lawyer testified in London on Friday.

  • January 24, 2025

    Russian Banking Oligarch's Wife Loses Bid To Lift Sanctions

    A Ukrainian-Russian tycoon's wife lost her fight to lift U.K. sanctions against her on Friday as an appellate court ruled that the restrictions were a proportionate way of undermining the Kremlin after Russia invaded Ukraine.

Expert Analysis

  • How Sustainability Directive Will Contribute to EU Regulation

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    The EU Sustainability Directive, in potentially enhancing certain obligations and setting a new benchmark for environmental and human rights due diligence practices, is a significant piece of legislation that will likely support the broader legal framework of other laws in a developing legal puzzle, say Rebecca Chin and Silke Goldberg at HSF.

  • Experian Ruling Helps Cos. Navigate GDPR Transparency

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    In Information Commissioner v. Experian, the Upper Tribunal recently reaffirmed the lawfulness of the company's marketing practices, providing guidance that will assist organizations in complying with the GDPR’s transparency obligations, say lawyers at Jenner & Block.

  • Clarity Is Central Theme In FCA's Greenwashing Guidance

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    Recent Financial Conduct Authority guidance for complying with the U.K. regulator's anti-greenwashing rule sends an overarching message that sustainability claims must be clear, accurate and capable of being substantiated, say lawyers at Cadwalader.

  • What The EU Sustainability Directive Will Mean For Companies

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    The European Parliament’s recent approval of the landmark Corporate Sustainability Due Diligence Directive provides welcome clarity for small and midsize enterprises regarding human rights and environmental due diligence expectations, forming part of a growing pressure on companies around the world to operate ethically and sustainably, say lawyers at Jenner & Block.

  • What Can Be Learned From CMA's Green Claims Investigation

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    The Competition and Markets Authority's recent investigation into retailers' allegedly misleading environmental claims demonstrates that all consumer-facing businesses must exercise caution and ensure their green credentials are genuine, say Charlotte Kong and Stephen Sidkin at Fox Williams.

  • The Art Of Corporate Apologies: Crafting An Effective Strategy

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    Public relations challenges often stop companies from apologizing amid alleged wrongdoing, but a recent U.K. government consultation seeks to make this easier, highlighting the importance of corporate apologies and measures to help companies balance the benefits against the potential legal ramifications, says Dina Hudson at Byfield Consultancy.

  • AI Tools Could Enhance UK Gov't Public Services Strategy

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    The government’s recently announced intention to pilot artificial intelligence tools in routine policy work is part of a wider strategy to revolutionize the delivery of public services, and could improve productivity and create efficiencies, provided it is mindful of the potential risks involved, say attorneys at Akin.

  • Taking Stock Of The Latest Criminal Court Case Statistics

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    The latest quarterly statistics on the type and volume of cases processed through the criminal court illustrate the severity of the case backlog, highlighting the need for urgent and effective investment in the system, say Ernest Aduwa and Jessica Sarwat at Stokoe Partnership.

  • ICO Data Protection Guidance Offers Clarity On Fining Powers

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    New guidance from the Information Commissioners' Office is designed to offer transparency about its fining powers, and, combined with the office's wide-ranging enforcement authority, clearly intends to ensure breaching companies concentrate on the external harm they cause and not only internal changes, say Robert Allen and Amelia Handoll-Clark at Simmons & Simmons.

  • Hugh Grant Case Raises Questions About Part 36 Offers

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    Actor Hugh Grant's recent decision to settle his privacy suit by accepting a so-called Part 36 offer from News Group — to avoid paying a larger sum in legal costs by proceeding to trial — illustrates how this legal mechanism can be used by parties to force settlements, raising questions about its tactical use and fairness, says Colin Campbell at Kain Knight.

  • Investment Security Act Fine-Tune May Help Businesses

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    Although the government’s recent response to feedback on the National Security and Investment Act regime makes it clear that its approach is one of fine-tuning and substantial reforms will have to wait, there is still room to ease the burden on businesses by issuing guidance and refining the terms of mandatory area definitions, say lawyers at Linklaters.

  • How New FCA Rules Strengthen Borrower Protections

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    The Financial Conduct Authority’s recently published final rules, aimed at strengthening protections for borrowers in financial difficulty by regularizing good practices across the industry, put its previous guidance on a permanent footing and send a clear message to firms that this issue remains a regulatory priority, say James Black, Julie Patient and Mark Aengenheister at Hogan Lovells.

  • How Cos. Can Prepare For EU's Forced Labor Regulation

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    Before a new European Union regulation takes effect banning products made with forced labor from the internal market, economic operators will need to get their supply chain compliance functions ready, familiarizing themselves with international standards and case law, say Vassilis Akritidis and Jean-Baptiste Blancardi at Crowell & Moring.

  • Opinion

    New Property Category Not Needed To Regulate Digital Assets

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    The U.K. Law Commission's exploration of whether to create a third category of property for digital assets is derived from a misreading of historical case law, and would not be helpful in resolving any questions surrounding digital assets, says Duncan Sheehan at the University of Leeds.

  • FTSE Draft Rules Show Impact Of FCA Listing Reforms

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    FTSE Russell’s recently published provisional rule changes represent a much-awaited indication of its response to the U.K. Financial Conduct Authority’s proposed listing reforms, providing a level of certainty that will assist issuers and advisers in preparing for the implementation of the regime, say lawyers at Davis Polk.

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