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Serious Fraud Office concludes investigation into LIBOR manipulation

The Serious Fraud Office (SFO) has announced the closure of its investigation into LIBOR manipulation. Following a thorough investigation and a detailed review of the available evidence, there will be no further charges brought in this case. This decision was taken in line with...
Posted On 18 Oct 2019
Neil Williams
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The Serious Fraud Office and Covert Surveillance: The Way Forward?

Speaking at the American Bar Association’s (ABA) Annual White Collar Crime Conference in central London earlier this month, Serious Fraud Office (SFO) director Lisa Osofsky again talked of using covert surveillance as part of her agency’s investigations. However, Neil...
Posted On 18 Oct 2019
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Finalists announced for inaugural Tackling Economic Crime Awards

The finalists in the inaugural Tackling Economic Crime Awards (TECAs) have been announced. Recognising the valuable contribution in tackling all areas of economic crime, the TECAs showcase the very best companies, individuals and initiatives that the sector has to offer and...
Posted On 03 Oct 2019
Aziz Rahman
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The SFO’s Corporate Co-operation Guidance: Does Reality Match the Hype?

Finally, we have the Serious Fraud Office’s (SFO) Corporate Co-operation Guidance. SFO director Lisa Osofsky has made it clear she’s a firm advocate of co-operation so this guidance was always going to be significant. While welcome, asserts Aziz Rahman, it runs to just five...
Posted On 13 Aug 2019
Neil Williams
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Examining The Future for Deferred Prosecution Agreements

Sometimes, the best ideas just don’t turn out to be as good in practice as they were either on paper or in the heads of those who devised them in the first instance. So far, 2019 seems to be the year that Deferred Prosecution Agreements (DPAs) have joined the list of things that...
Posted On 07 Aug 2019
Syedur Rahman
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Are Bribery and Corruption Being Overlooked by UK Authorities?

A new report published by the Fraud Advisory Panel alleges that the authorities are overlooking bribery and corruption in the UK. Syedur Rahman argues that, while some criticism is justified, the real picture isn’t quite so clear cut. According to the Fraud Advisory Panel,...
Posted On 24 Jul 2019
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Three individuals acquitted as Serious Fraud Office confirms DPA with Sarclad Ltd

Michael Sorby, Adrian Leek and David Justice have been acquitted of conspiracy to corrupt and conspiracy to bribe. The presiding Jury found the three men not guilty of conspiring with various agents to agree bribes in relation to 27 separate overseas contracts for their company,...
Posted On 17 Jul 2019
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Serious Fraud Office announces DPA in principle with Serco Geografix Limited

The Serious Fraud Office has announced that a Deferred Prosecution Agreement (DPA) with Serco Geografix Limited (SGL), a wholly-owned subsidiary of the Serco Group, has been approved in principle by Justice William Davis. On Thursday 4 July 2019, the SFO will apply for final...
Posted On 03 Jul 2019
Aziz Rahman
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Unexplained Wealth Orders: Will the trickle ever become a flood?

According to Donald Toon, the National Crime Agency’s (NCA) director of economic and cyber crime, unexplained wealth orders (UWOs) are the much-needed weapon for waging war on the flow of dirty money into the UK. With Toon’s organisation having just begun its second...
Posted On 11 Jun 2019
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High-level Tech Summit focuses on improvements to disclosure of digital evidence

Government ministers have met with senior police officers and prosecutors at a high-profile summit aimed at improving the disclosure of digital evidence in the criminal justice system. Solicitor General Lucy Frazer QC and policing minister Nick Hurd hosted Max Hill (Director of...
Posted On 10 Jun 2019