FCA Finds Gaps In Brokers' Money Laundering Defenses

By Irene Madongo

The Financial Conduct Authority on Thursday urged brokers to tighten anti-money laundering controls, after a review it ran found gaps in their defenses against the flow of tainted cash through Britain's capital markets.

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SFO Cuts $80M From ENRC's Claim Over Criminal Probe

By Christopher Crosby

A judge cut $80 million off ENRC's claim against the Serious Fraud Office over the agency's criminal investigation into the Kazakh miner on Thursday, finding that the company's lawyers "took their eye off the ball" and let the issue slide.

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Q&A

5 Questions For Katten Partner Nathaniel Lalone

By Alex Davidson

The Digital Operational Resilience Act has set tough new rules for financial businesses in the European Union to prevent disruptions in digital services from external providers. Here, Nathaniel Lalone, of Katten Muchin Rosenman LLP, tells Law360 about how the act could have an impact on some financial entities in Britain.

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Ex-Amazon Exec Will Oversee Google, Apple Probe In UK

By Nadia Dreid

The U.K.'s competition enforcer said Thursday it will be looking into how Google and Apple's "mobile ecosystems" have been affecting competition for both consumers and businesses, an announcement that comes just days after the watchdog booted its leader for a former Amazon head honcho.

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Reckitt Investors Lose Bid For Opioid Representative Claim

By Joanne Faulkner

Investors' claims against Reckitt and Indivior over the misleading marketing of an opioid addiction drug can proceed only as multiparty proceedings, the Court of Appeal ruled Thursday, denting the prospects of representative actions being used in securities litigation.

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Litigation-Funder Sues Merricks Over Mastercard Settlement

By William Janes

A representative of more than 45 million U.K. consumers in a class action against Mastercard is being sued by his litigation-funder over his decision to reach a settlement in the £10 billion ($12.3 billion) case for £200 million.

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Police Sanction Of Sex Pest Cop Deficient, Appeal Court Finds

By Adele Redmond

The Metropolitan Police said it would reconvene a misconduct panel to interrogate historical claims of sexual harassment against a former detective chief inspector with the London force after the Court of Appeal ruled it had provided inadequate reasons for its initial sanction.

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Watchdog Restricts Scottish Broker Over Premium Concerns

By Joel Poultney

The Financial Conduct Authority has restricted a Scotland-based insurance broker from carrying out regulated activities over "concerns" the business has sold policies but failed to pass on payments to insurers.

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Poland's €23M For Chemical Co. Clears EU State Aid Inquiry

By Josh White

The Polish government didn't break state aid law when it awarded €23 million ($23.9 million) to a chemical producer to open a production plant, the European Commission said Thursday.

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UK Gov't Tones Down Plan For Non-Dom Tax Changes

By Josh White

The U.K. government will amend its finance bill to soften its plan to abolish the nondomicile tax status for people claiming tax benefits as nonresidents, Exchequer Chancellor Rachel Reeves said in an interview broadcast Thursday.

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Jenner & Block Taps Investigations Pro From Baker McKenzie

By Tabitha Burbidge

Jenner & Block LLP has recruited a seasoned investigations partner from Baker McKenzie to launch its London public law and crisis management practice and to be co-chair of its investigations team.

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