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AI-powered ‘Robo-Lawyer’ helps step up SFO’s fight against economic crime

The Serious Fraud Office (SFO) has announced a significant upgrade to its document analysis capability as Artificial Intelligence (AI) is made available to all of its new casework from this month. By automating document analysis, AI technology allows the SFO to investigate more...
Posted On 16 Apr 2018
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Government, legal and accountancy sectors re-launch ‘Flag It Up’ anti-money laundering campaign

Serious and organised crime costs the UK an estimated £24 billion every year. Money laundering not only allows criminals to hide the proceeds of their crimes, but also helps to fund further criminal activity. In its latest report, the Government has set out the threats posed by...
Posted On 08 Jan 2018
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All-new National Economic Crime Centre to sit within National Crime Agency

Home Secretary Amber Rudd has announced the creation of the National Economic Crime Centre (NECC) within the National Crime Agency (NCA). The multi-agency centre will plan, task and co-ordinate operational responses across agencies, bringing together the UK’s capabilities in...
Posted On 11 Dec 2017
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Richard Kingston convicted and sentenced for destroying bribery and corruption evidence

On Monday 21 December 2016, an individual charged in connection with an ongoing Serious Fraud Office (SFO) bribery and corruption investigation was found guilty by a Jury of two destruction of evidence offences, contrary to Section 2(16) of the Criminal Justice Act 1987. Richard...
Posted On 03 Jan 2017
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Convicted LIBOR manipulator Tom Hayes ordered to pay £878,806 confiscation order

Tom Hayes, the first individual to be convicted after trial for the manipulation of LIBOR*, has been ordered to pay a confiscation order of £878,806 at Southwark Crown Court, sitting at the Central Criminal Court and the Rolls Building.  Hayes was convicted of eight counts of...
Posted On 23 Mar 2016
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Cifas calls on Chancellor to make tackling fraud a “clear priority” in March Budget

Cifas, the UK’s leading fraud prevention service, has asked Chancellor of the Exchequer George Osborne and the Government to make sure that this year’s Budget includes a clear focus on tackling the serious and growing issue of fraud and its effects on UK plc. The most recent...
Posted On 15 Mar 2016
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Sweett Group plc sentenced and ordered to pay £2.25 million after Bribery Act conviction

Construction and professional services company Sweett Group plc has been sentenced and ordered to pay £2.25 million as a result of a conviction arising from a Serious Fraud Office (SFO) investigation into its activities in the United Arab Emirates. The company pleaded guilty in...
Posted On 22 Feb 2016
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Ruth Evans joins Serious Fraud Office Management Board in non-executive director role

The Serious Fraud Office (SFO) has appointed Ruth Evans to join its Management Board in the role of non-executive director. Evans was appointed following an open competition and joins existing non-executive directors Simon Duckworth OBE DL and Tony Osbaldiston. Ruth Evans has...
Posted On 02 Feb 2015
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City hedge fund manager convicted of multi-million pound fraud following SFO investigation

A former city hedge fund manager has been convicted following the Serious Fraud Office’s (SFO) investigation into the collapse of Weavering Macro Fixed Income Fund Ltd. Ulf Magnus Michael Peterson, 51, a Swedish national of Otham, Kent was the founding director of Weavering...
Posted On 22 Jan 2015