- April 10, 2025
BDO Loses Bid To Block Release Of NMCN Audit Files
BDO LLP lost its bid on Thursday to challenge a court order demanding that it hand over its audit documents for the now-defunct construction company NMCN, as the High Court said the accounting firm had not proved there was any serious error in the disclosure order.
- April 10, 2025
UK Authorities Arrest 7 Over €3M Invoice Scam Network
British authorities have arrested seven suspects linked to a criminal group that laundered the estimated €3 million ($3.3 million) annual profit from a fake invoice scheme dating back to 2018, a European Union agency said Thursday.
- April 10, 2025
Aspiring Barclays Manager Gets OK To Bring Sex Bias Claim
An employment tribunal has ruled that a Barclays Bank employee who was passed over for promotion after going on maternity leave can go ahead with her pregnancy discrimination claim despite missing the deadline, finding she had reasonably relied on internal grievance procedures.
- April 10, 2025
Pensions Regulator's AI Tool Takes Aim At Criminals
The retirement savings watchdog has helped develop artificial intelligence technology to identify and remove websites that attempt to defraud people and steal their pension funds.
- April 10, 2025
FCA Boss Rathi Appointed To 2nd Term With Growth Focus
HM Treasury said Thursday that it has reappointed Nikhil Rathi as chief executive of the Financial Conduct Authority to continue its reform of the regulations to support economic growth.
- April 10, 2025
EY Fined £4.9M Over Audits Of Travel Giant Thomas Cook
The accounting watchdog said Thursday that it has hit Ernst & Young LLP with a fine of £4.88 million ($6.29 million) for "serious breaches of standards" when it completed the last audits for Thomas Cook, the travel group thatcollapsed in 2019.
See AlsoBachelor of Law – LLB - April 09, 2025
Orrick Denies Neglecting Hedge Fund Unit's €21M Debt Claim
Orrick Herrington & Sutcliffe LLP has rebutted claims by a hedge fund subsidiary that it neglected to recommend enforcing a €21 million ($22 million) debt in a French energy group's insolvency, arguing it was tasked with handling one specific case.
- April 09, 2025
EPPO Can't Avoid Judicial Review Of Witness Summons
Europe's top court has ruled that decisions of the European Union financial crime prosecutor must be open to judicial review after suspects in a Spanish subsidy fraud probe challenged the authority's decision to summon a staffer to give evidence.
- April 09, 2025
Rabobank Headed To Court Over Laundering Allegations
Rabobank said Wednesday that it will face allegations from the Dutch Public Prosecution Service in court in connection with a money laundering and terrorist financing investigation, as the two sides have failed to settle the case.
- April 09, 2025
Tycoon Loses Challenge To Bankruptcy Order Over £1B Debt
An Indian tycoon has failed in his bid to challenge a bankruptcy order against him after a court ruled Wednesday that his creditors are entitled to say he has not properly paid off his £1 billion ($1.28 billion) debt because assets used to discharge it could be clawed back by authorities.
- April 09, 2025
US Tariffs Threaten Global Growth, Bank Of England Says
The U.S. government's tariff policy has created intense uncertainty for global tradeand has increased risks to economic growth around the world, the Bank of England warned Wednesday.
- April 09, 2025
BoE Warns Banks Of Inadequately Backed Risk Transfers
The Bank of England's regulatory arm wrote to chief financial officers of banks on Wednesday, warning that when they transfer credit risk to investors, they sometimes fail to ensure that the security those investors put up against losses is adequate.
- April 09, 2025
Ex-Russian Politician Convicted Of Breaching UK Sanctions
A former Russian politician once appointed by President Vladimir Putin to serve in occupied Crimea was convicted of breaching sanctions in London on Wednesday, the first person ever to be held criminally responsible for circumventing the country's financial restrictions.
- April 09, 2025
Scottish Friendly Acquires £2.16B In Fidelity Pension Assets
Mutual life insurer Scottish Friendly said Wednesday that it has acquired £2.16 billion ($2.76 billion) of pension and annuity payment books of British investment firm Fidelity International.
- April 09, 2025
EU Preps Law To Tighten Screening Of Foreign Investment
The European Parliament is preparing legislation that would extend and harmonize the bloc's systems for screening foreign investments, aimed at preventing hostile overseas players from acquiring control of critical infrastructure and technology.
- April 09, 2025
Rothesay Seals £105M Pensions Deal With Skipton
A pension plan for U.K. building society Skipton has agreed a £105 million ($135 million) full buy-in deal with insurer Rothesay Life PLC, securing the benefits of all 705 members.
- April 08, 2025
Revolut Bank Fined €3.5M In Lithuania Over AML Failures
Lithuania's central bank said Tuesday that it has fined Revolut Bank UAB €3.5 million ($3.8 million) for breaching anti-money laundering requirements.
- April 15, 2025
Taylor Wessing Hires Finance Pro From DWF
Taylor Wessing LLP has recruited an expert in corporate finance and special situations from DWF, the firm's first partner hire of 2025.
- April 08, 2025
BDO Faces Probe Over Collapsed Home REIT's Audit
The Financial Reporting Council is investigating BDO LLP's audit of the ailing real estate investment trust Home REIT PLC's consolidated financial statements from years before the investor announced it would wind down, the corporate governance regulator said Tuesday.
- April 08, 2025
Kuwait Pension Chief's Estate Denies $1B Bribery Claims
The estate of the deceased Kuwaiti pension authority director denied on Tuesday that the businessman was involved in an unlawful scheme of corrupt payments in excess of $1 billion, saying he believed the payments were legitimate and above-board.
- April 08, 2025
Barclays Denies Ex-Employee's Role In Transfer Fraud Case
Barclays Bank told a London court that it is not responsible for a $643,000 fraud targeting a Singaporean fire safety company, arguing that the loss resulted from the company's "own failures" rather than any wrongdoing by the bank.
- April 08, 2025
Legal Advice No Shield For Ex-Metro Bank Execs, FCA Says
The City watchdog told a tribunal on Tuesday that two former Metro Bank executives could not use legal advice from Linklaters LLP as a "get-out-of-jail-free card" for publishing a statement at the heart of a £900 million ($1.2 billion) scandal.
- April 08, 2025
Trade Body Urges Softer Regulatory Touch On PEPP Rules
A trade body for Europe's investment managers urged watchdogs in the bloc on Tuesday to relax regulatory restrictions on providers of the pan-European pension product in a move to boost demand by investors.
- April 08, 2025
Ex-SFO Official Joins BNY Mellon As Senior Counsel
A former official of the Serious Fraud Office has joined the Bank of New York Mellon as a senior in-house counsel after more than a decade at law firms including Reed Smith.
- April 08, 2025
FCA Boosts Testing Support For Innovative Products
The financial watchdogsaid Tuesday that it will make it easier for companies to test innovative products and support those which apply for regulatory approval as part of its work program for 2025/26.
