Corporate Crime analysis: With the ever-increasing emergence of artificial intelligence (AI), Dr Angelika Hellweger, legal director at Rahman Ravelli, explains how AI is being utilised by criminals as a tool to commit crime and considers whether new legislation is needed to effectively deal with offences involving the use of AI.

Law360, Expert analysis: Monzo Bank's onboarding, risk assessment and transaction monitoring were unable to keep up with its rapid growth from 600,000 users in 2018 to over 5.8 million by 2022. The result was systemic failings in anti-financial crime systems, which resulted in the UK's Financial Conduct Authority (FCA) handing out a £21.1m fine, the largest ever issued to a challenger bank for anti-money laundering (AML) failures, on 8 July 2025. The Monzo fine has intensified the spotlight on how firms manage financial crime risks. Alexander Vilardo, associate, at Howard Kennedy LLP explores how artificial intelligence (AI) can assist with compliance, where current systems fall short, where AI's pitfalls may lie, and what lawyers and businesses can do to adapt and use AI to their advantage.

MLex: The EU’s AI Act, the world’s first comprehensive legislation on artificial intelligence (AI), imposes the bulk of its due-diligence obligations on companies that sell AI systems that are particularly risky for people’s health or fundamental rights.

The law governing CSOP options The legislation which governs Company Share Option Plans (CSOPs) consists of: • sections 521–526 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) • ITEPA 2003, Sch 4 Pt 1–Sch 4 Pt 8, and • Schedule 7D Part 3 to the Taxation of Chargeable Gains Act 1992 (TCGA 1992) What are CSOPs? CSOPs are discretionary share option schemes which can be operated on an all employee basis but which are usually used on a selective basis. If the statutory provisions are met, favourable tax treatment can result. Options can be awarded over the shares of UK private, public or listed companies, and also over the shares of foreign parent companies. CSOP options cannot be granted over shares in unlisted subsidiaries of listed companies. For options granted on or after 6 April 2023, each employee can receive options to buy company shares worth up to £60,000 (as valued (ignoring any restrictions) at the date of grant or such earlier agreed time). Prior to that date, the individual

Law360, London: On 27 September 2024, Companies House, established in 1844 as the UK's register of all UK companies, published updated enforcement policy guidance for the first time in nearly ten years.

Law360, Expert analysis: On 10 March 2026, the US Department of Justice (DOJ) released its first-ever departmentwide Corporate Enforcement and Voluntary Self-Disclosure Policy, establishing a uniform framework for how the DOJ approaches and resolves corporate criminal cases. According to the analysis, with input from Sean Tonolli, Partner at Cahill Gordon & Reindel LLP and Sarah Ruckriegle, Associate at Cahill Gordon, the policy extends the Criminal Division’s existing approach across the DOJ, emphasising voluntary self-disclosure, co-operation and remediation. It introduces greater consistency and predictability in outcomes, while also tightening certain requirements and limiting discretion in key areas. The policy marks a shift toward standardised corporate enforcement, though it creates tensions with more lenient, recently introduced programmes such as the Southern District of New York’s (SDNY) financial crimes initiative.

The law governing EMI options The legislation that governs EMI options consists of: • sections 527–541 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) and • ITEPA 2003, Sch 5 Pt 1–Sch 5 Pt 8 What are EMI options? The EMI scheme is a highly flexible and tax-efficient share option scheme designed specifically for small/medium-sized companies, and can be a very powerful incentive tool for companies. EMI schemes are one of the most popular and tax-efficient ways to incentivise employees of a company, but the eligibility criteria are very strict and so EMI may not be available (or appropriate) for a given company, taking account of its size, structure, employees and/or objectives. EMI options must be granted for commercial reasons in order to recruit or retain an employee in a company, and not as part of a scheme or arrangement the main purpose (or one of the main purposes) of which is the avoidance of tax. If this is not the motivation for establishing an EMI scheme, an EMI scheme may not be appropriate. In

Law360, Expert analysis: By 31 March 2025, UK firms regulated by the Financial Conduct Authority (FCA) will be required to have conducted mapping and testing to ensure they remain within their impact tolerances for identified operational risks of cyber attacks for each important business service. Written by Alix Prentice, partner, and Grace Ncube, associate at Cadwalader Wickersham & Taft LLP.

Law360, Expert analysis: European capital markets have faced significant challenges, prompting legislative efforts to boost competitiveness and attract investment. These efforts resulted in the Listing Act, which entered into force on 4 December 2024. Nicole Puppieni, senior associate, and Carla Lo Presti, lawyer, at Cleary Gottlieb Steen & Hamilton LLP, highlight some key provisions which will be applicable from 2025 and 2026, reflecting the complexity and breadth of these reforms.

MLex: Meta’s settlement of a landmark UK lawsuit challenging its use of personal data for targeted ads on 21 March 2025 is already making waves: an advocacy group has asked US social-media company to stop showing targeted ads to users through automatic emails. The case is set to shape pay-or-consent talks as the European Commission is poised to adopt a decision in early April 2025 on whether this model—which Meta says it wants to develop, is compatible with EU rules.

Law360, London: This year has seen a continued strengthening of sanctions imposed against Russia by the UK and EU parliaments—a trend that looks set to continue for at least as long as the war in Ukraine persists.

This Practice Note covers the following topics: • the law governing save as you earn (SAYE) options • what is an SAYE scheme? • what requirements must be met for an SAYE scheme? • which companies can operate an SAYE scheme? • who can be granted SAYE options? • what must the exercise price be? • when can an SAYE option be exercised? • when does an SAYE option lapse? • which requirements apply to the linked savings arrangement? • scaling down • what other requirements apply to SAYE schemes? • self-certification and notification requirements • tax treatment of SAYE options, and • tax reporting requirements The law governing SAYE options The legislation governing SAYE options is as follows: • sections 516–519 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) (Chapter 7) • ITEPA 2003, Sch 3 Pt 1–Sch 3 Pt 9 • sections 702–708 of the Income Tax (Trading and Other Income) Act 2005 (ITTOIA 2005), and • Schedule 7D, Part 2 of the Taxation of Chargeable Gains