Corporate Crime & Compliance UK

  • February 03, 2025

    SFO Review Finds No Evidence Of Unsound Convictions

    The Serious Fraud Office's review into its old electronic discovery system has not produced any evidence that past convictions are unsound, the agency said on Monday. 

  • February 03, 2025

    All-Risk Insurers Demand War-Risk Payouts For Stranded Jets

    Insurers that covered aircraft lessors whose planes were stranded in Russia after the invasion of Ukraine told a London court on Monday that other insurers that covered the lessors for war-related risks should pay out for the allegedly lost aircraft.

  • February 03, 2025

    Uyghur Rights Group To Sue FCA If Shein Gets LSE Listing

    A Uyghur human rights group has threatened to take the Financial Conduct Authority to court if it permits Shein to list on the London Stock Exchange, stepping up its fight against the ultra-fast-fashion giant over slavery concerns.

  • February 03, 2025

    EPPO Probes Steel Tax Fraud In UK And Germany

    The European Public Prosecutor's Office is investigating suspected tax fraud linked to imports of Indian steel into Germany via the U.K. to dodge the European Union's import duties, the office said Monday.

  • February 03, 2025

    FCA Response To Critical Report 'Disappointing,' MPs Say

    The Financial Conduct Authority's response to a highly critical parliamentary report has been lackluster and continues to demonstrate that the regulator is "in dire need of transformation," the MPs who penned the report said Monday.

  • February 03, 2025

    EU Watchdog Warns That All Crypto Firms Are High Risk

    The European Union's finance watchdog has briefed national regulators authorizing crypto-assets firms to consider every candidate high risk, particularly from money laundering.

  • February 03, 2025

    Ex-Goldman Analyst Told To Pay £586K For Insider Trading

    The Financial Conduct Authority said Monday that it has secured £586,000 ($722,000) from a former Goldman Sachs employee imprisoned for insider dealing after using price-sensitive information to trade in shares.

  • January 31, 2025

    Brexit Five Years On: The Legal Landscape After Europe

    Five years after the U.K. formally left the European Union, Law360 looks at how Brexit has changed the legal, regulatory and financial terrain.

  • January 31, 2025

    UK Cos. See Brexit's Legacy In Steeper Compliance Costs

    British companies doing business in the European Union have seen their tax compliance burden rise as the U.K.'s tax rules have moved further away from EU rules in the five years since Brexit, though the largest companies have been able to absorb the costs.

  • January 31, 2025

    Ex-IP Co. Director Says Lawyer, Founders Hid $40M Takeover

    A former director of a celebrity intellectual property licensing company has claimed in court filings that two fellow directors, aided by an ex-Russells Solicitors partner, concealed plans for a $40 million takeover to try to convince him to sell his shares on the cheap.

  • January 31, 2025

    Valorem Sues Former CEO For Violating Russia Sanctions

    A luxury perfume group has sued its former chief executive officer, who is accused of bragging to a private investigator about selling his product to Russia in breach of sanctions, for fiduciary and contractual breaches and failure to protect its intellectual property rights.

  • January 31, 2025

    Ex-BigLaw Atty Can't Escape OneCoin Conviction At 2nd Circ.

    The Second Circuit on Friday upheld a former Locke Lord LLP partner's conviction and 10-year sentence for helping launder roughly $400 million in proceeds from the multibillion-dollar OneCoin cryptocurrency scheme, rejecting the attorney's contention that a sole cooperating government witness' perjury and other purported errors warranted reversing his punishment.

  • January 31, 2025

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

    This past week in London has seen another claim by Woodford investors against Hargreaves Lansdown in the widening £200 million ($248 million) dispute over the fund's collapse, a solicitor barred for his role in a suspected advance fee fraud face action by a Swiss wholesaler, and The Resort Group, which markets investments in luxury hotel resorts, hit with a claim by a group of investors. Here, Law360 looks at these and other new claims in the U.K.

  • January 31, 2025

    Cleaners Punished For Union Membership Win £101K

    DOC Cleaning must pay £101,479 ($126,010) for mistreating and belittling six staff members in order to dissuade them from participating in union activities, an employment tribunal has ruled.

  • January 31, 2025

    SFO Gets Nod To Bring DPA Enforcement Case Against Guralp

    A judge ruled Friday that the Serious Fraud Office could proceed with efforts to hold a seismic technology company liable for breaching its corporate bribery settlement, in its first-ever attempt to enforce the terms of a suspended prosecution agreement.

  • January 31, 2025

    Claims Management Sector Warned Over Misleading Adverts

    The Financial Conduct Authority has written to claims management companies warning that it will respond to multiple cases of misleading advertising with new consumer protection measures.

  • January 31, 2025

    CMA Beats Motorola In Emergency Network Price Cap Appeal

    Motorola has failed in its bid to overturn a decision by the antitrust watchdog that restricted how much the technology giant can charge the emergency services in Britain to use its Airwave network, after an appeals court found the move was "fully justified."

  • January 31, 2025

    BBC Apologizes For Mismanaging Russell Brand Complaints

    The BBC has apologized to members of staff who felt unable to raise concerns about Russell Brand's behavior while he worked for the broadcaster because they "felt that there was no point in raising a concern as it would not be listened to."

  • January 31, 2025

    Construction Co. Denies Infringing UK Biz's 'Briticom' TM

    A construction business has denied infringing a U.K. company's "Briticom" trademark on counterfeit supplies for a building project in Benin, telling a court that it did not procure any goods unlawfully bearing the brand.

  • January 31, 2025

    Investment Manager Must Repay £6M To Ponzi Victims

    A judge has ordered a former investment manager serving six years in prison for defrauding more than 200 investors to repay victims £5.9 million ($7.3 million), the Financial Conduct Authority said Friday.

  • January 30, 2025

    Wise Reaches $2.5M CFPB Deal Over Disclosure, Fee Issues

    In its first new enforcement action since President Donald Trump's return to office, the Consumer Financial Protection Bureau on Thursday ordered Wise, a global money transfer fintech, to pay nearly $2.5 million on allegations it committed misleading fee marketing and disclosure-related violations.

  • January 30, 2025

    Chancery Tosses Last Of Deutsche Bank, Vik Debt Suit

    A more than seven-year Delaware Court of Chancery battle tied to Norwegian billionaire Alexander Vik's alleged efforts to avoid a $236 million U.K. judgment in 2009 ended on Wednesday with a quiet fizzle.

  • January 30, 2025

    Beautician In Spy Trial Thought She Was Helping Interpol

    A Bulgarian beauty technician accused of spying for Russia said she believed that she was assisting a "charming" Interpol officer while she put targets across Europe under surveillance, as she gave evidence at her trial Thursday.

  • January 30, 2025

    Energy Group Urges UK To Link To EU's Carbon-Tax Measure

    The U.K. government should link to the European Union's Emissions Trading System to mitigate the impact of carbon border taxes on businesses in Northern Ireland, an energy industry group said.

  • January 30, 2025

    Denmark Cuts British Trader's Tax Fraud Prison Sentence

    A British hedge fund trader convicted of defrauding Denmark's tax authority out of more than 320 million Danish krone ($47 million) in a sham trading scheme to reclaim tax has had his prison sentence shortened by an appeals court.

Expert Analysis

  • Uber Payout Offers Employer Lessons On Mitigating Bias

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    Uber Eats' recent payout to a driver over allegations that the company's facial recognition software was discriminatory sheds light on bias in AI, and offers guidance for employers on how to avoid harming employees through the use of such technology, says Rachel Rigg at Fieldfisher.

  • Apple Ruling Offers Morsel Of Certainty On Litigation Funding

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    An English court's recent decision in Gutmann v. Apple, finding that a litigation funder could be paid via a damages award, offers a piece of guidance on the permissibility of such agreement terms amid the ongoing uncertainty around funded group litigation in the U.K., says Mohsin Patel at Factor Risk Management.

  • Cum-Ex Prosecutions Storm Shows No Sign Of Abating

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    The ongoing trial of Sanjay Shah in Denmark is a clear indicator that efforts remain focused on holding to account the alleged architects and beneficiaries of cum-ex trading, and with these prosecutions making their way across Europe, it is a more turbulent time now than ever, says Niall Hearty at Rahman Ravelli.

  • Traversing The Web Of Nonjudicial Grievance Mechanisms

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    Attorneys at Covington provide an overview of how companies can best align their environmental and human rights compliance with "hard-law" requirements like the EU's recently approved Corporate Sustainability Due Diligence Directive while also navigating the complex global network of existing nonjudicial grievance mechanisms.

  • Opinion

    FCA Greenwashing Rules Need To Be Stronger To Be Effective

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    The Financial Conduct Authority's forthcoming anti-greenwashing measures, aimed at ensuring the veracity of regulated entities’ statements about sustainability credentials, need external scrutiny and an effective definition of "corporate social responsibility" to give them bite, says Jingchen Zhao at Nottingham Trent University.

  • Companies House False Filings Raise Issues Of Integrity

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    A recent spate of unauthorized company filings with Companies House raises specific concerns for secured lenders, but also highlights the potential for false filings to be used to facilitate fraudulent schemes, says Daniel Sullivan at Charles Russell.

  • Gov't Probe Highlights Computer-Based Evidence Issues

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    A recently launched U.K. Home Office probe, following the alleged use of faulty data in criminal cases, illuminates the need for scrutiny on the presumed reliability of evidence from computer-based systems, says Jessica Sobey at Stokoe Partnership.

  • UK Courts Continue To Struggle With Crypto-Asset Cases

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    Although the common law has proved capable of applying established principles to crypto-assets, recent cases highlight persistent challenges in identifying defendants, locating assets and determining jurisdiction, suggesting that any meaningful development will likely come from legislative or regulatory change, say Emily Saunderson and Sam Mitchell at Quadrant Chambers.

  • Why Computer Evidence Is Not Always Reliable In Court

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    Recent challenges to the admissibility of encrypted communication from the messaging tool EncroChat highlight the flawed presumption in the U.K. common law framework that computer evidence is always accurate, and why a nuanced assessment of such evidence is needed, say Sam De Silva and Josie Welland at CMS Legal.

  • Comparing The UK And EU Approaches To AI Regulation

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    While there are significant points of convergence between the recently published U.K. approach to artificial intelligence regulation and the EU AI Act, there is also notable divergence between them, and it appears that the U.K. will remain a less regulatory environment for AI in the foreseeable future, say lawyers at Steptoe.

  • Lessons On Using 3rd-Party Disclosure Orders In Fraud Cases

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    The expansion of the gateway for service out of jurisdiction regarding third-party information orders has proven to be an effective tool against fraud since it was introduced in 2022, and recent case law offers practical tips on what applicants should be aware of when submitting such orders, says Rosie Wild at Cooke Young.

  • Compliance Points To Know About The EU Digital Services Act

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    Online service providers in the European Union should prioritize understanding the scope of the recently implemented Digital Services Act, their specific legal obligations under it and the practical steps they must take to comply with the new law while obeying a raft of overlapping EU digital reforms, say Leo Moore and Róisín Culligan at William Fry.

  • Independent Regulator Could Chip Away At FIFA Autonomy

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    After the U.K.'s recent proposal for an independent football regulator, FIFA's commitment to safeguarding football association autonomy remains unwavering, despite a history of complexities arising from controversies in the bidding and hosting of major tournaments, say Yasin Patel at Church Court Chambers and Caitlin Haberlin-Chambers at SLAM Global.

  • A Look At The Latest EU Alternative Investment Regulation

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    Recent amendments to the EU Alternative Investment Fund Managers Directive governing a range of alternative investment funds reflect a growing regulatory focus on nonbanking financial institutions, which expand credit to support economic growth but carry a commensurate risk, say Juliette Mills and Alix Prentice at Cadwalader.

  • Unpacking The Law Commission's Digital Assets Consultation

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    The Law Commission recently published a consultation on recognizing a third personal property category to accommodate the development of digital assets, highlighting difficulties with current models of property rights and the potential consequences of considering digital assets as personal property, say Andrew Tsang and Tom Bacon at BCLP.

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