Insights
FCA consultation on motor finance compensation scheme
17 Nov 2025Last month the Financial Conduct Authority ("FCA") proposed an industry-wide compensation scheme for motor finance customers who were affected by unfair commission arrangements between 2007 and 2024. The total cost to firms of implementing and administering the scheme is estimated to total £11 billion, with consumers expecting to be compensated an average of around £700 per agreement.
Information sharing measures under ECCTA
17 Nov 2025Updated guidance on the information sharing measures set out in sections 188 and 189 of the Economic Crime and Corporate Transparency Act 2023 (ECCTA) has recently been published by the Home Office, HM Treasury, the Ministry of Justice, Companies House, the Serious Fraud Office and the Department for Business and Trade.
Why does "Failure to Prevent Fraud" get all the limelight?
12 Aug 2025The Economic Crime and Corporate Transparency Act 2023 brought in two key new fraud offences.
Supreme Court Decision: Johnson v FirstRand Bank and Related Cases
06 Aug 2025The recent Supreme Court judgment in Johnson v FirstRand Bank, Wrench v FirstRand Bank, and Hopcraft v Close Brothers has provided significant clarification on fiduciary duties, bribery, the tort of bribery, and consumer credit law.
First Use of Crypto Asset Freezing Powers under the Economic Crime and Corporate Transparency Act 2023
01 Aug 2025The Serious Fraud Office (SFO) has taken a significant step in its fight against financial crime by freezing over £10,865 in Bitcoin and £289 in USDC belonging to Richard Yeowart, the CEO of Arena TV (you can view the press release here)
Why the s199 failure to prevent fraud offence is broader than many organisations might first realise...
24 Jul 2025We've been having many conversations with clients and our wider network of contacts regarding the preparedness of large organisations for section 199 of the Economic Crime and Corporate Transparency Act 2023 (which introduces a new corporate offence from 1 September 2025 of failing to prevent fraud and requires organisations to have carefully considered their fraud risk and implemented any appropriate measures if they are to avoid being guilty in the event of a fraud incident). Please see here for further detail about the offence.
