News & Analysis as of

Investigations United Kingdom

BCLP

PFAS, Cunliffe and British Waters

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The Cunliffe Report (“The Report”) was published in July 2025 following an independent investigation of the water supply, specifically the supply of safe drinking water and the treatment of wastewater in England and Wales....more

BCLP

Privilege And Iniquity, Whistleblowing Reports, Discrimination As A Repudiatory Breach And A News Round-Up

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Our employment law update for August covers a case about the iniquity exception to legal privilege, a whistleblowing case involving a long-delayed judgment and third party reports, and a case on whether discriminatory actions...more

Ropes & Gray LLP

UK Authorities Revamp Joint Corporate Prosecution Guidance

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On 18 August 2025, the UK’s Crown Prosecution Service (CPS) and the Serious Fraud Office (SFO) announced the updated version of the joint guidance in relation to the prosecution of corporate entities (the “Guidance”). The...more

Katten Muchin Rosenman LLP

A (Byrne &) Storm is Brewing – Do Not Ignore the Online Safety Act’s International Reach

Earlier this year, as deadlines for online platforms passed to implement highly effective age verification and to conduct risk assessments, we wrote extensively about Ofcom’s ramp up of enforcement programme and their flurry...more

Herbert Smith Freehills Kramer

The NSTA’s New Disclosure Policy

On 31 July 2025, the North Sea Transition Authority (NSTA) confirmed its new approach to regulatory transparency by announcing its intention to publicly name companies subject to ongoing investigations and those who fail to...more

Hogan Lovells

HMRC brings first prosecution under failure to prevent facilitation of tax evasion laws

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HMRC has reportedly brought its first-ever corporate prosecution under the failure to prevent the facilitation of tax evasion offence, almost eight years after the legislation was introduced in the Criminal Finances Act 2017....more

Thomas Fox - Compliance Evangelist

Daily Compliance News: July 25, 2025, The New Sheriff in Town Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News....more

K&L Gates LLP

Key Takeaways From the UK Financial Conduct Authority's Revised Enforcement Guide

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Following a two-part consultation, which began in February 2024 (i.e., CP 24/2 and CP 24/2: Part 2) and was accompanied by a Policy Statement (PS25/5) setting out the UK Financial Conduct Authority’s (FCA) consultation...more

Wiley Rein LLP

[Podcast] Signed, Sealed, Prosecuted: The UK Post Office Scandal

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Join hosts Tatiana Sainati and Diana Shaw as they unravel one of the most shocking corruption scandals in modern British history – the UK Post Office Horizon debacle. From a centuries-old institution to a catastrophic IT...more

Hogan Lovells

UK Financial Conduct Authority publishes its revised Enforcement Guide

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The UK’s Financial Conduct Authority (FCA) has published Policy Statement PS25/5, Our Enforcement Guide and greater transparency of our enforcement investigations, setting out the changes it is making to its Enforcement Guide...more

Morgan Lewis

UK Civil Engineering Market Under CMA Scrutiny as Regulator Turns Up Heat on Construction Sector

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The UK’s Competition and Markets Authority (CMA) on 19 June 2025 launched a market study into the supply of public roads and railways across the United Kingdom. This market study, together with recent investigations into the...more

Akin Gump Strauss Hauer & Feld LLP

The Future of FCA Enforcement: Key Changes to the FCA's Streamlined Enforcement Guide

On 3 June 2025, the UK Financial Conduct Authority (FCA)’s updated Enforcement Guide (ENFG or the Guide) came into force. The ENFG, which replaces the previous Enforcement Guide (referred to as ‘EG’) from 2007, describes the...more

A&O Shearman

UK SFO: the ingredients of cooperation

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The UK SFO’s new guidance on corporate cooperation makes clear that a company must show cooperation if it is to be invited to enter into a Deferred Prosecution Agreement (DPA). No change there. So what’s different in the new...more

A&O Shearman

FCA policy statement on finalised ENFG for the publication of enforcement measures

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The UK Financial Conduct Authority (FCA) has published policy statement PS25/5 accompanied by a press release, outlining final revisions to its Enforcement Guide (now abbreviated as ENFG). The revisions follow a two-part...more

A&O Shearman

The FCA’s revised Enforcement Guide: Key policy changes to be aware of

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The UK Financial Conduct Authority (FCA) has updated its Enforcement Guide, including its revised policy on when it will announce details of enforcement investigations. Following a consultation process that was subject to...more

Ropes & Gray LLP

The FCA Has Revamped its Enforcement Guide – Here’s What You Should Know

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On Tuesday the UK’s Financial Conduct Authority (FCA) issued an updated version of its Enforcement Guide, which will now be referred to as ‘ENFG’ in the FCA Handbook, to distinguish it from the previous version. The ENFG is...more

Jenner & Block

Client Alert: The SFO’s Corporate Guidance: Another Chapter in the SFO’s Playbook

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On 24 April 2025, the UK’s Serious Fraud Office ("SFO") launched its updated External Guidance on Corporate Co-operation and Enforcement in relation to Corporate Criminal Offending (“Corporate Guidance”), cementing a bold...more

McDermott Will & Schulte

UK Serious Fraud Office Issues Significant New Guidance on Corporate Self-Reporting – What It Means for Your Business

On 24 April 2025, the SFO published new guidance1 for companies in relation to self-reporting, co-operation, and when they can expect to be invited to engage in negotiations for a Deferred Prosecution Agreement (DPA) as an...more

A&O Shearman

What the Procurement Act 2023 means for investigations

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The Procurement Act 2023 launches a new, post-Brexit procurement regime, with many significant changes to the predecessor regime. It is now even more important for a company to challenge promptly a UK public authority’s...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Serious Fraud Office Releases New Guidance on Self-Reporting, Cooperation and Deferred Prosecution Agreements

On 24 April 2025, the Serious Fraud Office (SFO) released new guidance on corporate self-reporting, cooperation and deferred prosecution agreements (DPAs)....more

A&O Shearman

Proposed action against Crispin Odey: A different approach to tackling non-financial misconduct

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The UK Financial Conduct Authority (FCA) has published the full details of its proposal to fine and ban the fund manager, Crispin Odey, for lacking integrity. But the FCA’s proposed action against Mr Odey does not rely on his...more

Akin Gump Strauss Hauer & Feld LLP

FCA Updates – ‘Assertive’ Supervision, and About Turns

We are now starting to see a real shift in the UK Financial Conduct Authority’s (FCA) Enforcement strategy following a changing of the guard in 2023, which brought in Therese Chambers and Steve Smart to be Joint Executive...more

Cadwalader, Wickersham & Taft LLP

Regulation in Flux, March 2025 - UK Financial Conduct Authority Abandons “Name and Shame” Proposals

The UK Financial Conduct Authority is no longer pursuing its high-profile proposal to announce the start of enforcement investigations into regulated firms. However, we may see a more robust interpretation of existing rules...more

A&O Shearman

Whistleblowing: ensure programs are fit for 2025

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Whistleblowing has become an increasingly critical aspect of corporate governance and compliance, especially for multinational companies operating across diverse legal and regulatory landscapes. We see increased efforts by...more

A&O Shearman

English judgment shines light on ICO investigation into Cambridge Analytica

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On March 23 2018, the Information Commissioner’s Office (ICO) executed a warrant to enter and search the offices of Cambridge Analytica. The purpose of the search was to access records concerning its alleged use of personal...more

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