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Corporate Crime & Compliance UK

  • July 17, 2025

    Dechert Settles Jordanian Lawyers' UAE Torture Claims

    Dechert and Neil Gerrard, its former head of white collar crime, have settled claims of torture and hacking in a web of litigation spawned from the firm's work for a UAE sovereign wealth fund, a spokesperson for the outfit confirmed Thursday.

  • July 17, 2025

    UK Audit Watchdog Plans Scaled Rules For Small Businesses

    Britain's audit watchdog on Thursday proposed amended guidance for companies auditing smaller businesses amid concerns that industry standards do not reflect the needs of firms with less complex requirements.

  • July 17, 2025

    Lords Vote To Create Duty To Probe Whistleblowers' Concerns

    Employers would be obliged to investigate concerns raised by whistleblowers under an amendment to the Employment Rights Bill put forward by the House of Lords.

  • July 17, 2025

    Two Arrested In Illegal Crypto-ATM Investigation

    Two people have been arrested on suspicion of money laundering and running an illegal cryptocurrency exchange after an operation in which seven crypto-ATMs were seized, the finance industry watchdog said on Thursday.

  • July 16, 2025

    Le Pen Heirs Lose Challenge To €300K Expenses Recovery

    A European Union court on Wednesday rejected an appeal by the daughters of dead French politician Jean-Marie Le Pen, including Marine Le Pen, against an order to pay back €303,000 ($353,000) of misused expenses.

  • July 16, 2025

    Ex-NCA Officer Jailed For Theft Of Bitcoin In Dark Web Case

    An ex-National Crime Agency investigator was sentenced to five years and six months in prison in an English criminal court Wednesday for stealing 50 bitcoin in May 2017 during an investigation into dark web drug dealing, the agency said.

  • July 16, 2025

    ENRC Bids To Overturn $128M Cut From SFO Claim

    ENRC fought at a London appellate court on Wednesday to overturn a decision blocking it from adding approximately $128 million in damages the mining company alleges it suffered from a Serious Fraud Office investigation, arguing that it had applied the incorrect legal principles.

  • July 16, 2025

    Watchdog Warns Of Continued Quality Gap Among Auditors

    Britain's accounting watchdog has said that audit quality continues to improve in the U.K., although it raised concerns about the widening quality gap between the biggest companies and their rivals.

  • July 16, 2025

    Insolvency Service Expands Role To Tackle Economic Crime

    The Insovency Service on Wednesday announced an expansion of its enforcement remit in order to play a more prominent role in the fight against corporate crime.

  • July 16, 2025

    Dubai Bank Wins Document Fraud Claim in £80M Debt Fight

    A judgment that blocked a Dubai bank from recovering £80 million ($107 million) from three members of an Emirati business family was fraudulently obtained with bogus documents, a London court has ruled.

  • July 16, 2025

    Freight Co. Loses Interim Bid To Lift HMRC Export Controls

    A warehouse operator and drinks merchant have lost a bid for interim relief against U.K. tax authority export controls imposed over tax fraud concerns, with a London court ruling they had an "uphill task" to prove the measures were unreasonable.

  • July 16, 2025

    Senior Managers Regime Revamp Risks Letting In Bad Apples

    The City watchdog's planned overhaul of its senior managers regime risks allowing people with records of misconduct to slip into financial firms because of the relaxation of rules on references and criminal checks, according to lawyers.

  • July 16, 2025

    Barclays Fined £42M For Failures In Financial Crime Controls

    The Financial Conduct Authority said Wednesday that it has hit Barclays Bank PLC with fines totaling £42 million ($56 million) for two separate failings in its management of financial crime risk, which could have exposed the bank to criminals laundering money.

  • July 15, 2025

    'Orange King' And Son Say Cartel Claims Are Stale

    The estate and son of Brazil's late "Orange King" argued in a London trial Tuesday that claims by more than 1,400 Brazilian orange farmers over a price-fixing cartel should be halted because they were brought out of time.

  • July 15, 2025

    Fraud Victim Can't Pursue Wealth Manager's Kids

    An ophthalmologist cannot pursue the children of a dead wealth manager for assisting in the dissipation of frozen funds, after a judge ruled Tuesday that there is no evidence that they were aware of their father's $14 million fraud.

  • July 15, 2025

    Lawyer And Accountant Face 2027 Money Laundering Trial

    A solicitor who is a former political candidate and an accountant charged by the National Crime Agency with money laundering are set to face trial in 2027.

  • July 15, 2025

    Court Refuses To Rule Bali Villa Sale Breached Asset Freeze

    A London court said Tuesday that it will not decide whether the wife of a former Russian bank executive had committed contempt of court by selling her villa in Bali 10 days before an asset freeze against her was lifted.

  • July 15, 2025

    UK To Ease Senior Manager Rules Amid Regulatory Overhaul

    The government unveiled a raft of reforms to financial services regulation on Tuesday as it seeks to encourage investment in the economy, a package that includes streamlined rules for senior managers and easier capital requirements for lenders.

  • July 15, 2025

    Property Deals Remain Top Money Laundering Risk, SRA Says

    Property conveyancing is still the biggest money laundering risk in the legal sector, the Solicitors Regulation Authority said Tuesday.

  • July 14, 2025

    UAE Prisoner Voluntarily Drops Suit Against Ex-Dechert GC

    A Jordanian lawyer imprisoned in the United Arab Emirates has permanently dropped a Philadelphia civil suit seeking discovery against Dechert LLP's former general counsel in the U.S. over what the law firm's leadership knew of alleged human rights abuses committed by a former partner.

  • July 14, 2025

    Insurance Co. Accuses Ex-CEO Of Siphoning £19M At Trial

    An insurance company accused its former chief executive and a director at the start of a London trial on Monday of misappropriating millions of pounds by siphoning money from the business for his own financial benefit.

  • July 14, 2025

    Solicitor Sues Law Firm £423K For Misusing Estate Proceeds

    The solicitor for a deceased individual's estate has sued a law firm for £423,000 ($568,000), accusing it of using money from the sale of a house from the estate to carry out sham property purchases.

  • July 14, 2025

    SFO Still Yet To Use Power To Freeze Crypto Wallets

    The Serious Fraud Office has not pursued any crypto wallet freezing or forfeiture orders since their introduction over a year ago, according to an information request disclosed Monday, a month after the government pledged more in funds for the agency to invest in its investigatory capabilities.

  • July 14, 2025

    Lender Denies Helping Pharma Boss Secure Secret £6M Loan

    A business lender has denied working with the now-former chief executive officer of an online pharmacy to take out about £6.1 million ($8.2 million) in unauthorized loans under the company's name without the knowledge of investors or board members.

  • July 14, 2025

    Deezer Sues For €12M Over Hacked Data Sold On Dark Web

    Deezer has hit a marketing software business with a claim of almost €12 million ($14 million) at a London court, alleging that the technology company negligently handled users' data that was eventually hacked and sold on the dark web.

Expert Analysis

  • 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.

  • New UK Short Selling Rules Diverge From EU Regs

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    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.

  • How New EU Product Liability Directive Will Affect Tech And AI

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    While the European Union’s new defective product liability directive, effective from December 2026, primarily provides clarifications rather than significant changes, it reflects the EU's commitment to addressing consumer protection and accountability challenges presented by the digital economy and artificial intelligence, say lawyers at Latham.

  • What Latest FCA Portfolio Letter Means For Payments Firms

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    Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.

  • Court Backlog Could Alter Work Safety Enforcement Priorities

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    While criminal prosecution remains the default course of action following the most serious workplace accidents, a record backlog of cases in the crown courts in England and Wales and safety regulators’ recognition of the need for change may allow for a more discerning approach, say lawyers at BCL Solicitors.

  • New CMA Powers Will Change Consumer Protection Regime

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    The Competition and Markets Authority’s imminent broadened powers to impose penalties on organizations for unethical or misleading practices are likely to transform the U.K.’s consumer protection regime, and may lead to a rise in private litigation and increased regulatory scrutiny, say lawyers at Morgan Lewis.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.

  • What To Note In EU Tech Transfer Agreements Consultation

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    Robert Klotz at Steptoe explains the European Commission’s main contemplated amendments to a regulation that exempts certain technology transfer agreements from European Union restrictions, the current political context around the ongoing reform, and as its potential consequences for businesses.

  • UK Refusal Of US Extradition Request May Set New Standard

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    The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.

  • Insights On ESMA's Alternative Investment Fund Consultation

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    Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.

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