Reeves set to bring in US-style whistleblowing pay for HMRC November 10, 2025 Chancellor Rachel Reeves is set to reveal a US-style whistleblower scheme to combat large-scale tax fraud. Later this month, HMRC is expected to launch a reward scheme, according to the Financial Times, which could pay informants as much as 30 per cent of any taxes collected as a result of tip-offs. The new US-style incentive [...]
Exclusive: Tory peer Lord Garnier joins Pillsbury amid London expansion November 4, 2025 Tory peer Lord Edward Garnier is joining US law firm Pillsbury as senior counsel, as it continues its expansion into the City, City AM can reveal. Lord Garnier KC, currently a member of the House of Lords, served as Solicitor General under David Cameron. He was MP for Harborough from 1992 to 2017. The barrister, [...]
Fraud prevention firm SEON raises $80m amid growing compliance demands September 16, 2025 SEON, an AI-driven fraud prevention and compliance platform, has closed an $80m (£58.7m) Series C funding round led by Sixth Street Growth, bringing total investment to $187m. The company, based in Budapest and Austin, analyses tens of millions of customer interactions daily for clients including Revolut, Plaid, Spotify, Afterpay, and Entain. Its platform, delivered via [...]
Businesses have one defence amid ‘seismic shift’ in UK fraud law September 1, 2025 Fraud laws have received a major shake up and businesses have been sent a stark warning to be weary of the “hidden danger”. New failure to prevent fraud offence, which came into effect today, mean firms could face prosecution from fraud committed by employees – even if management was unaware of it. Large firms will [...]
Large firms liable for fraud happening under their watch under new UK laws September 1, 2025 Businesses could be prosecuted if they profit from fraud committed by one of their employees even if managers do not know about it, under new UK laws. The new “failure to prevent fraud” offence, which came into effect on Monday, holds large firms to account over their internal anti-fraud measures. It says that businesses can [...]
UK businesses set to face tougher compliance over fraud August 26, 2025 British businesses need to prepare for a “sea change” as the new powers to tackle fraud come into effect next Monday. The Serious Fraud Office (SFO) director Nick Ephgrave told City AM last year that time was running short for businesses “to get their house in order” ahead of its new powers. From 1 September, [...]
SFO faces a crisis of confidence as old sins haunt Ephgrave’s tenure July 31, 2025 The Serious Fraud Office (SFO) is no stranger to bad publicity, but after yet another historic case comes back to haunt it, its reputation takes another battering.
Tom Hayes’ crime in Libor case was to be a banker when that was unpopular July 29, 2025 Tom Hayes’ original trial for Libor rate-rigging made a mockery of our justice system and he is now, rightly, an innocent man, say his solicitors Karen Todner and Sarah Tighe We helped Tom Hayes in his decade-long fight to clear his name – a difficult journey filled with setbacks and heartbreak. He is now, rightly, [...]
Four City traders’ seek appeal against Libor convictions following landmark ruling July 25, 2025 Four former City traders with criminal convictions plan to appeal after the Supreme Court overturned the convictions of Tom Hayes and Carlo Palombo on Wednesday.
City traders’ Libor rate-rigging criminal convictions quashed by Supreme Court July 23, 2025 Former City traders convicted of the rate-rigging scandal have had their criminal charges overturned by the top UK court after years of fighting.