Corporate Crime & Compliance UK

  • April 29, 2025

    EU Top Court OKs Polish Property Tax Break For Railway

    The Polish government may grant a property tax exemption to a private railway owner to make part of the railway available to carriers without breaking European Union law on state aid, the EU's top court ruled Tuesday.

  • April 29, 2025

    Gov't Cracks Down On Crime With UK Cryptocurrency Rules

    HM Treasury unveiled new regulations for crypto-exchanges on Tuesday, which it said would protect the growing number of adults who are investing ​in risky assets, while encouraging innovation in the sector.

  • April 29, 2025

    CCRC Execs Defend Roles Amid Criticism Over Failures

    Executives who head the body that investigates miscarriages of justice said Tuesday that they are still the "right people" for the job as they were grilled by MPs over damning findings about the mishandling of historic convictions.

  • April 29, 2025

    Ex-Russells Partner Denies Role In Alleged Share Sale Plot

     Russells Solicitors and a former partner have denied being part of an alleged plot to hide plans for a $40 million takeover of a celebrity intellectual property licensing company to get a former director to sell his shares cheaply.

  • April 29, 2025

    UK Treasury Appoints 4 New FCA Board Members

    HM Treasury said Tuesday it has appointed four new members to the board of the Financial Conduct Authority.

  • April 29, 2025

    EU Prosecutors Accuse Audit Body Of Blocking Fraud Probe

    European Union prosecutors have sued the European Court of Auditors for blocking a request for several of the court's members of staff to testify in a criminal investigation launched in the wake of allegations of fraud at the top of the audit institution.

  • April 28, 2025

    UK Seeks Input On Replacing Diverted Profits Tax

    The U.K. government is holding a consultation on plans to replace the country's diverted profits tax by changing corporation tax and transfer pricing rules, HM Revenue & Customs said Monday.

  • April 28, 2025

    UK Targets Fake Immigration Lawyers With £15K Fines

    Fake lawyers fraudulently posing as immigration advisers will face fines of up to £15,000 ($20,100) under new powers to toughen up the U.K.'s asylum system against rogue law firms, the Home Office has said.

  • April 28, 2025

    Construction Bribery Ring Professionals Get 12.5 Yrs In Prison

    A judge sentenced a demolition company chief and three construction site managers to a combined 12-and-a-half years in prison on Monday after the boss was found guilty of giving kickbacks to the managers in exchange for them subcontracting his staff.

  • April 28, 2025

    SFO Spent £4.7M On Abandoned Rio Tinto Corruption Probe

    The Serious Fraud Office spent nearly £4.7 million ($6.28 million) investigating allegations Anglo-Australian miner Rio Tinto entered into corrupt contracts in Africa before shutting down the probe in 2023, the agency has revealed.

  • April 28, 2025

    Watchdog Warns Of Significant Errors In Digital Reporting

    The accounting watchdog warned Monday that some companies listed on the London Stock Exchange are making significant errors in their digital annual reports through incorrect tagging.

  • April 28, 2025

    Court Compels Disclosure In £500K Phone Crypto-Theft Case

    The victim of a phone-snatching in London has secured a court order compelling four companies offering digital asset exchange services to disclose documents tied to an alleged fraud perpetrated against them after £500,000 ($667,000) in cryptocurrency was drained from his account.

  • April 25, 2025

    Belgian Data Watchdog Blocks FATCA Transfers To US

    Belgium's data privacy watchdog ruled that a government agency's transfers of personal data to the U.S. tax authority as part of the Foreign Account Tax Compliance Act is prohibited under European law.

  • April 25, 2025

    Deripaska Sues To Uncover Source Of Allegedly Forged Report

    A Russian oligarch has asked a London court to order a business intelligence company to divulge the source of an allegedly forged report used to back up a former business partner's bid to challenge a $95 million arbitration award.

  • April 25, 2025

    Nightclub Owner And Accountant Guilty Of £4.9M Tax Fraud

    A court has convicted a nightclub owner and his accountant of evading £4.9 million ($6.5 million) in tax, with the venue boss spending the money on luxury cars and a yacht, the U.K. tax authority said Friday.

  • April 25, 2025

    Tycoon's Son Loses Challenge To £3M Howard Kennedy Bill

    The son of a diamond tycoon accused of swindling $1 billion from banks lost his bid for a court-ordered review of his legal bills from Howard Kennedy on Friday as the High Court said he knew of the climbing costs linked to his international fraud case.

  • April 25, 2025

    UK Law, Accounting Bodies Queried On Poor SAR Records

    The anti-money laundering unit of the Financial Conduct Authority has told legal and accounting professional bodies to justify their failure to check the quality of suspicious activity reports by their member firms.

  • April 25, 2025

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

    This past week in London has seen pub operator Stonegate sue insurance broker Marsh, a human rights lawyer sued for defamation by Russian businessman Ovik Mkrtchyan, and British toy-maker The Character Group reignite an employment dispute with a former finance director. Here, Law360 looks at these and other new claims in the U.K.

  • 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.

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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