Corporate Crime & Compliance UK

  • April 24, 2025

    Ofcom Unveils Final Child Safety Rules For Tech Cos.

    The U.K. communications regulator finalized new rules Thursday to protect children's safety online, compelling technology companies to introduce "highly effective" age checks or face fines or nationwide bans.

  • April 24, 2025

    Marine Co. Claims Axis Bank Misled It Into $21M Loan Scheme

    A marine energy company has sued the Dubai branch of India's Axis Bank for $41.7 million alleging that the lender misled it into participating in a loan to a shipping company secured against ships that were later sold without its knowledge.

  • April 24, 2025

    Lloyd Firth On SFO's New Energy And UK Regulatory Shift

    Lloyd Firth comes from a long line of blue-collar workers from the north of England. Bricklayers, mostly, but also coal miners and gas blowers from Barnsley's furnaces. Firth, whose father and brother still work in the trade, read books instead.

  • April 24, 2025

    Digital Pharma Biz Sues Lender Over CEO Loan Collusion

    A digital pharmacy company has accused a small business lender of knowingly working with its former CEO to funnel huge unauthorized loans into the firm, ignoring clear signs that the executive was acting dishonestly and beyond his powers.

  • April 24, 2025

    Gov't Fairly Fired Anti-Fraud Officer Over Misconduct

    An employment tribunal has found that the Department for Work and Pensions was right to fire a counterfraud officer for inappropriately accessing records on its customer information system because it was not the first time she had done so.

  • April 24, 2025

    Canfield Law Faces £4M Claim Over Alleged Property Fraud

    A Hong Kong businessman has accused a London law firm in a High Court claim of failing to ask questions in connection with a high-value property deal, which he says facilitated a fraud that cost him more than £4 million ($5.3 million).

  • April 24, 2025

    Legal Exec Banned For Misappropriating £219K Client Funds

    A legal executive has been disqualified and banned from working at law firms after the English solicitors' watchdog concluded that he had misappropriated £219,000 ($292,000) from a dead client's estate.

  • April 23, 2025

    SFO Updates Rules To Cut Deals With Firms That Come Clean

    The Serious Fraud Office said on Thursday that it is ready to cut deals with companies that come clean about their suspected crimes, part of a major policy change designed to boost the flagging number of corporate settlements.

  • April 23, 2025

    Rainer Hughes Founder Accused Of Laundering Fraud Funds

    Prosecutors accused a founder of Rainer Hughes LLP of laundering the proceeds of a multimillion-pound alcohol tax fraud at the beginning of a criminal trial in London on Wednesday.

  • April 23, 2025

    Lawyers Face Misconduct Case For Letting Trainee Run Firm

    The Solicitors Regulation Authority told a disciplinary tribunal on Wednesday that a group of lawyers were guilty of misconduct for allowing a trainee to buy and run a firm, leading to accounts rules breaches and a mishandled case.

  • April 23, 2025

    Brazilian Cos. Appeal EU Rulings Over Madeira Tax Scheme

    Several Brazilian companies are appealing the European Union's court rulings that tax breaks they received in the Madeira Free Trade Zone are considered illegal state aid provided by Portugal​​​​​, according to the Official Journal of the EU.

  • April 23, 2025

    Payroll Biz Exec Banned For 8 Years Over £2.5M Tax Fraud

    The boss of a defunct payroll company that failed to pay millions of pounds in value-added tax was banned as a director for eight years on Wednesday after a government investigation into the business' significant tax underpayments.

  • April 23, 2025

    SFO Bribery Case Could Test Unanswered Legal Principles

    Allegations by the Serious Fraud Office that an insurance broker failed to prevent bribery will tread new ground, a sign that the agency is willing to probe largely unanswered legal principles to test the extent of its powers, lawyers say.

  • April 23, 2025

    Apple, Meta Fined €700M In 1st Penalty Under EU Tech Rules

    The European Commission said Wednesday it has fined Apple Inc. €500 million ($570 million) and Meta €200 million for failing to give consumers choices on offers and how their personal data is used — the first decision under the bloc's Digital Markets Act.

  • April 22, 2025

    SRA Fines Law Firm £37K For AML Compliance Failure

    The English solicitors' regulator has hit a firm with an almost £37,000 ($49,000) fine after the firm admitted failing to carry out risk assessments required by anti-money laundering regulations.

  • April 22, 2025

    Director Banned After Investors Lost £8.5M In Tree Bonds

    A U.K. businessman has been banned from running a company until 2036 after investors in a Brazilian plantation scheme lost more than £8.5 million ($11.3 million), the Insolvency Service said Tuesday.

  • April 22, 2025

    Fraud Review Explores Incentives For UK Whistleblowers

    A government-backed review into how to protect consumers from surging levels of fraud will also consider incentives for informants and whistleblowers in investigations involving agencies such as the Serious Fraud Office, the Home Office said Tuesday.

  • April 22, 2025

    Ex-Janus Analyst Denies Telling Sister To Short Lab Shares

    A former financial analyst testified in London on Tuesday that his sister's decision to short a major lab testing company's share price minutes after he received confidential information unavailable to the market had nothing to do with him.

  • April 22, 2025

    HMRC Tax Investigations Of Large Cos. Drag On, Report Says

    HM Revenue & Customs investigations into the tax arrangements of large businesses take almost four years on average, according to research published by a law firm.

  • April 17, 2025

    FTC To Narrow Data Privacy Scope As Uncertainties Loom

    The Republican-led Federal Trade Commission is poised to pursue a data privacy agenda focused on established harms and statutory authorities rather than ambitious rulemaking, although the recent firing of two commissioners casts doubt on the long-term viability of these actions and the future of a crucial transatlantic data transfer pact.

  • April 17, 2025

    Israeli Makes Final Bid To Block US Hacking Extradition

    Lawyers for an Israeli private investigator fighting extradition to face hacking charges in the U.S. urged a London judge Friday to reject diplomatic assurances about conditions at a New York prison, saying that violence was "endemic" there.

  • April 17, 2025

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

    The past week in London has seen the producers of West End show "Elf the Musical" face a contract dispute, Korean biotech company ToolGen Inc. bring a fresh patents claim against pharma giant Vertex, and ousted car tycoon Peter Waddell bring a claim against the private equity firm that backed his business. Here, Law360 looks at these and other new claims in the U.K.

  • April 17, 2025

    Worker Wins 2nd Shot At Claim Over Vetting Concerns

    A systems designer can have a second shot at arguing that she wasn't hired by a digital services consultancy because she questioned its vetting practices, after an appeals tribunal said Thursday that she made whistleblowing claims.

  • April 17, 2025

    SFO Arrests Another Suspect In Timeshare Fraud Probe

    The Serious Fraud Office said Thursday that it has arrested another man in its ongoing investigation into an organized criminal group suspected of conning hundreds of people out of holiday timeshares through high-pressure sales tactics.

  • April 17, 2025

    SFO Charges UK Insurance Broker With Bribery In Ecuador

    The Serious Fraud Office said Thursday it has charged a Lloyd's of London broker with bribery, alleging that it failed to prevent a U.S.-based intermediary from making corrupt payments in Ecuador in order to secure contracts worth $38 million.

Expert Analysis

  • FCA Bulletin Highlights Risks Of Leaking Inside M&A Info

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    The Financial Conduct Authority’s recent bulletin on the consequences of leaking sensitive information during transactions, warning that such disclosure may result in market abuse allegations, demonstrates the regulator’s determination to root out and penalize insider dealing, say lawyers at Cadwalader.

  • New Anti-Corruption Task Force Bolsters Int'l Collaboration

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    The recent creation of an anti-corruption task force by the U.K., France and Switzerland demonstrates a commitment to tackling bribery within national and international frameworks, and organizations within these jurisdictions’ remit, including U.S. companies operating in Europe, should review their compliance practices to ensure they address diverging requirements, say lawyers at Skadden.

  • FCA's Regulatory Plans Signal Cause For Cautious Optimism

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    The Financial Conduct Authority’s latest strategy document plans for less intrusive supervision, a more open and collaborative approach, and a focus on assertive action where needed, outlining a vision of deepened trust and rebalanced risk that will be welcomed by all those it regulates, says Imogen Makin at WilmerHale.

  • How CMA Is Responding To UK Gov't Pro-Growth Agenda

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    With the U.K. government’s recent call for the Competition and Markets Authority and other regulators to better support economic growth, the competition policy landscape is shifting materially toward an emphasis on a more proportionate and targeted approach to merger enforcement, say lawyers at Macfarlanes.

  • US Diversity Policies Present Challenges To UK And EU Cos.

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    Following President Donald Trump’s recent executive orders calling for increased scrutiny of diversity, equity and inclusion initiatives, it is clear that global businesses operating in the U.K. and European Union will need to understand regional nuances to successfully navigate differing agendas on either side of the Atlantic, say lawyers at Jenner & Block.

  • Updated EU Procedure Streamlines Data Transfer Approval

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    The European Data Protection Board’s updated approval procedure for binding corporate rules for transfers of personal data to non-European Union countries promotes consistency for regulator communications during the application process, and sets expectations for processing timelines, say lawyers at Hogan Lovells.

  • What Cos. Must Note From FCA Bulletin On Leaking M&A Info

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    The Financial Conduct Authority’s recent bulletin on strategic leaks in merger and acquisition transactions, as the second such publication in four months, acts as a warning for issuers and their advisers to tighten up their current policies for handling inside information, say lawyers at Herbert Smith.

  • FCA's Odey Decision Is Wake-Up Call For Financial Firms

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    The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.

  • How Ransomware Payment Reforms Could Affect UK Cos.

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    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.

  • Key Takeaways From The 2025 Spring Antitrust Meeting

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    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.

  • Rising To The Task Of Online Safety Act Compliance

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    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.

  • Google Win Illustrates Hurdles To Mass Data Privacy Claims

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    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.

  • What To Know About FCA's UK Listing Rules Proposal

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    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.

  • Opinion

    UK Gov't Needs To Take Action To Support Whistleblowing Bill

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    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.

  • Issues To Watch At ABA's Antitrust Spring Meeting

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    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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