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Corporate Crime & Compliance UK
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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 London criminal trial Wednesday,
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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April 16, 2025
Russia-Owned Lessor Denies Qatar Airways' $155M Jets Claim
A Russian state-owned aircraft leasing company has fired back at a $155 million counterclaim in a dispute with Qatar Airways Group over aircraft that were grounded after Russia's invasion of Ukraine, denying that it caused the airline losses.
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April 16, 2025
Austrian Exec Can't Take Extradition Fight To UK Top Court
An Austrian banker wanted in the U.S. over a major Brazilian corruption scandal could be extradited after a London judge blocked his path to appeal to the U.K.'s highest court, prosecutors said.
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April 16, 2025
FCA Proposes Data Reporting Cuts For 16,000 Firms
The Financial Conduct Authority proposed Wednesday to remove unnecessary data reporting for firms, in an effort to support U.K. economic growth.
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April 16, 2025
NHS Practice Manager Gets 7-Year Ban For Pension Failings
A former practice manager at an NHS surgery who did not pay more than £75,000 ($99,330) into the pension funds of staff has been banned from starting a new company for seven years over the failings, a government agency has said.
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April 16, 2025
Law Firm Fined For Failing To Shield Client Data From Hack
The U.K. privacy watchdog said Wednesday that it has fined an English law firm £60,000 ($79,465) for failing to put in place proper measures to protect its clients' personal information after the firm suffered a cyberattack in 2022.
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April 16, 2025
Google Faces £5B UK Class Action Over Search Ads
A group of U.K. businesses said Wednesday that they are suing Google for more than £5 billion ($6.6 billion), alleging that the technology giant has abused its monopoly in the search engine market by overcharging them for placement in its search results.
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April 16, 2025
Uber Hacker Fights For Freedom Over Evidence Ruling
Lawyers for a man detained as a teenager for hacking companies including Uber and Rockstar Games urged an English appeals court to overturn the jury findings on Wednesday, arguing that his previous convictions should not have been admitted.
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April 16, 2025
EY Under Investigation Over UK Post Office Audits
The accounting watchdog said Wednesday that it has started an investigation into Ernst & Young LLP as auditor of the Post Office over financial shortfalls registered by postmasters around the country.

Questions Linger On UK Sanctions Enforcement Despite Win
British prosecutors recently won their first-ever case against a former politician for breaching Russian sanctions, but some experts question whether the authorities are picking simpler cases rather than prosecuting more complex, substantive breaches.

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.
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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New Anti-Corruption Task Force Bolsters Int'l Collaboration
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.
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FCA's Regulatory Plans Signal Cause For Cautious Optimism
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.
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How CMA Is Responding To UK Gov't Pro-Growth Agenda
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.
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US Diversity Policies Present Challenges To UK And EU Cos.
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.
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Updated EU Procedure Streamlines Data Transfer Approval
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.
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What Cos. Must Note From FCA Bulletin On Leaking M&A Info
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.
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FCA's Odey Decision Is Wake-Up Call For Financial Firms
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.
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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.