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The Co-Operation Corkscrew: Assisting the SFO in Criminal Investigations

In criminal law, fundamental protections exist to safeguard individuals and companies alike against self-incrimination. Here, Elliott Kenton examines whether an increasing tendency among corporate organisations to co-operate with investigators serves to undermine these essential...
Posted On 23 Jan 2020
Aziz Rahman
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Deferred Prosecution Agreements: Why Companies Need to be Careful

The recent acquittal of three senior figures at Guralp Systems on charges of conspiracy to make corrupt payments came two months after the company admitted wrongdoing when entering into a Deferred Prosecution Agreement (DPA). Here, Aziz Rahman (whose firm Rahman Ravelli...
Posted On 16 Jan 2020
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Three individuals acquitted as SFO confirms DPA with Güralp Systems Ltd

Cansun Güralp, Andrew Bell and Natalie Pearce have been acquitted of conspiracy to make corrupt payments in relation to payments made to a South Korean public official between 2002 and 2015. The conclusion of the trial removes reporting restrictions on the Deferred Prosecution...
Posted On 24 Dec 2019
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Tasking to improve fraud response issued by National Crime Agency

The National Crime Agency’s (NCA) director general Lynne Owens has issued a tasking to improve the response to fraud. The tasking, which is made under the Crime and Courts Act 2013, follows a discussion with chief constables and other partners at the National Strategic...
Posted On 23 Dec 2019
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Court orders Alstom Network UK Ltd to pay £16.4 million for conspiracy to corrupt

Alstom Network UK Ltd has been ordered to pay a total of £16.4 million for conspiracy to corrupt relating to a contract to supply trams in Tunisia. This sentence comprises £15 million in fines and £1.4 million in costs. The company was convicted in April 2018 of conspiracy to...
Posted On 29 Nov 2019
Neil Williams
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The Serious Fraud Office and LIBOR: The End of the Line

Here, Neil Williams explains why nobody should be surprised that, seemingly out of the blue, the Serious Fraud Office (SFO) recently ended its lengthy investigation into the suspected rigging of LIBOR – the London Interbank Offered Rate and the benchmark interest rate that tracks...
Posted On 18 Nov 2019
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Two-thirds of legal professionals expect no rise in SFO conviction rate

More than two-thirds of legal professionals who specialise in white collar crime don’t believe the Serious Fraud Office’s (SFO) conviction rate will improve over the next 12 months. That’s according to an in-depth survey of white collar crime lawyers recently...
Posted On 08 Nov 2019
Syedur Rahman
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Tackling Bribery and Corruption: Is the United States ‘Going It Alone’?

Jay Clayton, chairman of the US Securities and Exchange Commission (SEC), has boldly stated that his country is the only one tackling the scourge of bribery and corruption to any great degree. Here, Syedur Rahman highlights some of the key reasons why he believes that statement...
Posted On 24 Oct 2019
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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