Corporate Crime & Compliance UK

  • January 25, 2024

    Ex-BigLaw Atty Gets 10 Years For Laundering OneCoin Cash

    A former Locke Lord LLP partner convicted at trial in 2019 of laundering around $400 million in proceeds from the global OneCoin cryptocurrency scam was sentenced Thursday to 10 years in prison as a New York federal judge found he was well aware that the funds came from a "massive crime."

  • January 25, 2024

    EU Steps Up Probe Of Norwegian Salmon Farmers

    The European Commission said Thursday that it suspects several Norwegian-owned fish farming companies participated in a scheme to manipulate competition in the European Union.

  • January 25, 2024

    Euro Foods Owner Loses Claim That Family Harassed Him

    The millionaire owner of frozen foods giant Euro Foods Group — who is also a former competitor on reality TV show "Undercover Big Boss" — has lost his harassment claim against members of his family, according to a judgment that found no evidence of direct and ongoing harassing behavior.

  • January 25, 2024

    UniCredit Tries To Halt Impending €450M Judgment In Russia

    UniCredit Bank AG urged the Court of Appeal on Thursday to halt claims brought by a Gazprom joint venture in Russia for €450 million ($488 million) under bond guarantees linked to an aborted gas plant project.

  • January 25, 2024

    Prosecutor Tells Inquiry He Trusted Post Office Evidence

    A prosecutor took it "on trust" that information provided to him by Post Office investigators was full and reliable when deciding whether to charge an innocent sub-postmaster, he told the inquiry into the Horizon IT scandal on Thursday.

  • January 25, 2024

    City Calls For Tighter Financial Regulation Of Big Tech

    An industry-led City body has called on the Financial Conduct Authority to strengthen its regulatory grip on Big Tech companies like Google that offer financial services to maintain a level playing field in the sector.

  • January 25, 2024

    Entain Says Sports Biz Concealed Probes During €850M Sale

    Entain PLC's Dutch subsidiary says the owners of a sports betting business failed to mention that the company was being investigated for violating gambling regulations, and therefore was worth less than the €850 million ($926 million) Entain agreed to pay for it.

  • January 25, 2024

    Revolut Beats De-Banking Claim By Oligarch's Son-In-Law

    The son-in-law of a dead Russian mining oligarch lost his claim against Revolut on Thursday over the financial technology company's decision to close his account, as a London judge ruled the claim was an abuse of process.

  • January 25, 2024

    Consumer Rules Risk Blurring Line Between Advice And Guidance

    The Financial Conduct Authority's new Consumer Duty regime might unintentionally complicate parallel plans to sharpen the boundaries between financial advice and guidance. Experts have told Law360 that getting the right balance is more hazardous than before.

  • January 25, 2024

    Russia Hits Out At EU Over Latest Sanctions Move

    Russia has hit out against the European Union for preparing a 13th economic sanctions package against the Kremlin regime, claiming that the sanctions are illegal and harmful to Europe and the world.

  • January 24, 2024

    Bitcoin 'Inventor' Offers To Settle Claims Before UK Trials

    Self-proclaimed bitcoin creator Craig Wright on Wednesday published an offer to settle his upcoming legal battles in England's High Court that center on his claim to be Satoshi Nakamoto, the cryptocurrency's pseudonymous inventor.

  • January 24, 2024

    Trustee Bids To Trim Banker Partner's Defense To Villa Claim

    A Russian bankruptcy trustee urged the High Court on Wednesday to throw out the defenses of the partner of Georgy Ivanovich Bedzhamov to her claim for an Italian villa, arguing they should be dismissed before trial as they had no hope of succeeding.

  • January 24, 2024

    Investigator Sues Police Watchdog Over Athlete Probe

    A former inspector at the Independent Office for Police Conduct launched on Wednesday a whistleblowing claim against the watchdog, alleging possible "political interference" in a probe into a stop-and-search of Team GB sprinter Bianca Williams, who is Black.

  • January 24, 2024

    Amazon Hit With €32M Fine Over 'Illegal' Worker Surveillance

    The French Data Protection Authority has slapped tech giant Amazon with a €32 million ($35 million) fine over "illegal" surveillance of staff, including monitoring productivity, break times and the collection of video footage of employees without consent.

  • January 24, 2024

    Dechert Ordered To Redo Disclosure Over UAE Prisoner

    Dechert must revisit its disclosure of documents over the arrest and detention of an imprisoned lawyer after an English appellate court ruled Wednesday that some evidence might have been incorrectly withheld from lawyers bringing his claim for human rights abuses.

  • January 24, 2024

    DLA Piper Settles Claim Over 'Improper' Use Of Client Accounts

    Liquidators of a failed British biotechnology business have reached settlement in a multimillion-pound claim against DLA Piper over the law firm's role in the allegedly fraudulent distribution of £64 million ($80 million) to the company's founder.

  • January 24, 2024

    UK Billionaire Joe Lewis Pleads Guilty To Insider Trading

    British billionaire Joe Lewis pled guilty in Manhattan federal court Wednesday to helping his girlfriend and private jet pilots trade on insider information, and agreed to pay $50 million for separate regulatory reporting violations.

  • January 24, 2024

    Swiss Finance Watchdog Names ECB Exec Walter As New CEO

    Switzerland's financial watchdog said Wednesday that it has appointed a director general of the European Central Bank as its new chief executive after his predecessor stepped down amid the stress caused by the near-collapse of Credit Suisse.

  • January 24, 2024

    Cities Prepare To Make Pitch To Host EU's New AML Center

    Paris and Rome are among the nine European cities that will make their case at public hearings this month for hosting the bloc's new authority for fighting money laundering and terrorist financing, the European Parliament said Wednesday.

  • January 23, 2024

    LSB Sets Out Plans To Tackle Lawyers' Unethical Conduct

    The Legal Services Board approved plans on Tuesday urging regulators to take decisive action against lawyers' unethical conduct, including preventing victims of discrimination from speaking out or failing to uphold the rule of law.

  • January 23, 2024

    'I Was Only Doing My Job,' Post Office Investigator Tells Probe

    A Post Office investigator involved in two probes against company employees who were wrongly convicted on Horizon computer system evidence told an inquiry into the scandal on Tuesday that he feels no personal responsibility for the miscarriages of justice.

  • January 23, 2024

    Oligarchs May Be Exploiting Art Facilities To Dodge Sanctions

    Facilities storing valuable artwork should be on the lookout for designated Russian individuals who may have squirreled away pieces in order to evade international sanctions, the National Crime Agency warned Tuesday.

  • January 23, 2024

    Apple Urges CAT To Toss $1B App Maker Charges Case

    Apple urged Britain's antitrust tribunal Tuesday to throw out a £785 million ($996 million) proposed class action by developers over the tech giant's commissions in the App Store, saying most sales took place outside the U.K.

  • January 23, 2024

    Questions Linger Over Plan To Ease Litigation-Funding Limits

    Government plans to reinstate litigation-funding agreements deemed unworkable by the top U.K. court could return commercial clarity to legal financiers and claimants in large group litigation, lawyers say. But there are unanswered questions about how far politicians will go.

  • January 23, 2024

    UK Biz Registry Rules Tighten Against Economic Crime

    Britain's business registry said Tuesday it aims to introduce tougher reporting rules for businesses as part of the fight against economic crime such as fraud and money laundering.

Expert Analysis

  • 5 Takeaways From ICO's Biometric Recognition Guidance

    Author Photo

    Recent guidance from the U.K. Information Commissioner’s Office is a helpful reminder of key data protection principles and obligations stemming from the U.K. General Data Protection Regulation that organizations should consider when implementing biometric recognition technology, say lawyers at Dechert.

  • TikTok Fine Highlights EU Approach To Children's Data Rights

    Author Photo

    Following the Irish Data Protection Commission's recent fine against TikTok for breaching children's data protection rights, organizations should adopt a proactive approach and implement measures aiding compliance with the General Data Protection Regulation, says Carla Murray at Myerson.

  • A Case For The Green Investment Regime Under The ECT

    Author Photo

    The EU and U.K.'s potential plans to exit the Energy Charter Treaty, which has been criticized as protecting fossil fuel investments to the detriment of energy transition, ignore the significant strides taken to modernize the treaty and its ability to promote investment in cleaner energy forms, say Amy Frey and Simon Maynard at King & Spalding.

  • Considerations For Fund Managers Seeking Retail Investment

    Author Photo

    With recent legal developments, including a revised Long Term Investment Funds Regulation effective in 2024, supporting the market trend of retailization, there are several practical considerations for alternative fund managers embarking on a European fundraise for retail capital, say Zac Mellor-Clark and Kate Downey at Fried Frank.

  • FDI Considerations For UK Venture Capital Transactions

    Author Photo

    With the U.K. National Security and Investment Act highlighting foreign direct investment matters for venture capital transactions, investors dealing with companies connected to the U.K. should be alive to how the act's requirements can affect deal timelines, structures and terms, say lawyers at Covington.

  • What The Anti-Coercion Instrument Will Bring To The EU

    Author Photo

    Vassilis Akritidis and Jean-Baptiste Blancardi at Crowell & Moring discuss why the European Union recently adopted a report on the anti-coercion instrument to reform its trade legislation, how the instrument will be used to respond to unfair economic pressure from third countries, and how businesses can impact the EU's decision making.

  • Why FCA Crypto Rules Need To Align With UK Gov't Aims

    Author Photo

    There is a critical need for cryptocurrency regulations that protect consumers while supporting the government's aim to make the U.K. a crypto hub, but the Financial Conduct Authority’s recently effective rules on financial promotion of crypto-assets bring an unintended risk that legitimate firms will be driven out of the market, says Laura Navarathnam at the Crypto Council for Innovation.

  • What To Consider When Making Brand Sustainability Claims

    Author Photo

    A recent KMPG report shows that while consumers are actively seeking out sustainable products, most will also avoid brands caught misleading customers about their sustainable credentials, meaning companies must walk a fine line between promoting and exaggerating sustainability claims, says Iona Silverman at Freeths.

  • In Balancing Commerce And Privacy Interests, Consent Is Key

    Author Photo

    Although the European Commission's recent adoption of the EU-U.S. data privacy framework will make the use of tracking services with pixels easier, it highlights the significance of website visitor consent and the need for enterprises to provide users with complete and transparent information while adhering to all data protection regulations, say Áron Hegyi and Máté Dura at Schönherr.

  • CMA Report On AI May Lead to Greater Competition Control

    Author Photo

    The U.K. Competition and Markets Authority’s recent report on artificial intelligence foundation models is a sign that developers could face increased merger control and antitrust enforcement, and businesses should be mindful of these views to ensure that their models do not come under investigation, say attorneys at Morgan Lewis.

  • UK Mozambique Ruling Will Have Int'l Ramifications

    Author Photo

    The recent U.K. Supreme Court judgment in Mozambique v. Privinvest considered for the first time stay proceedings under the Arbitration Act, offering guidance on whether claims are a "matter" within the scope of an arbitration clause, which could become a point of reference for foreign courts in the future, say lawyers at Herbert Smith.

  • Recent Trends In European ESG-Related Shareholder Activism

    Author Photo

    New ESG reporting standards in the European Union, as well as recent climate change, board diversity and human rights cases, illustrate how shareholder activism may become more prominent in years to come as regulation and investor engagement continues to strengthen, say lawyers at Debevoise.

  • Audit Regulator Review Has Tips On Climate Metric Reporting

    Author Photo

    The U.K. Financial Reporting Council’s recent review of climate-related metrics and targets in listed companies’ annual reports is an extremely useful guide for issuers considering the quality of their disclosure reporting, with a number of key areas identified as central to further improvement, say lawyers at Bryan Cave.

  • What Russia Case Reveals About UK Sanctions Enforcement

    Author Photo

    The Office of Financial Sanctions Implementation recently issued its first enforcement action under the U.K.'s expanded Russia sanctions against a relatively small company for a moderately severe breach — a decision that highlights several questions about the watchdog’s purpose and methods, say Maia Cohen-Lask and Tasha Benkhadra at Corker Binning.

  • Breaking Down The UK's Draft Updates To Prospectus Regime

    While there still may be changes, the U.K.'s near-final draft statutory instrument to update and in some parts replace the current on-shored EU prospectus regime is likely to represent a significant overhaul of the existing regime and may make U.K. capital markets a more attractive venue for listings for issuers, say attorneys at Debevoise.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!