Serious Fraud Office – Current Awareness

SFO granted a reprieve from plans to scrap it a day after Barclays charges – Daily Telegraph

Posted June 22nd, 2017 in banking, fraud, news, prosecutions, Serious Fraud Office by tracey

‘The Serious Fraud Office appears to have been granted a reprieve from plans to abolish it in a U-turn that came just a day after the organisation targeted Barclays with the first criminal charges ever brought against a bank over the financial crisis. Controversial proposals in the Conservative manifesto to fold the SFO into the National Crime Agency were quietly dropped from the Queen’s Speech on Wednesday.’

Daily Telegraph, 21st June 2017

Source: www.telegraph.co.uk

SFO wins disclosure bid in legal privilege case – Law Society’s Gazette

Posted May 12th, 2017 in disclosure, fraud, news, privilege, prosecutions, Serious Fraud Office by sally

‘Companies can no longer assume that private documents, including interview records used for internal investigations, will be protected after a High Court ruling this week, lawyers have claimed.’

Law Society’s Gazette, 10th May 2017

Source: www.lawgazette.co.uk

Serious Fraud Office boss warns big names to play ball – or else – The Guardian

Posted April 3rd, 2017 in banking, company law, deferred prosecution agreements, fines, fraud, news, Serious Fraud Office by sally

‘David Green, the director of the Serious Fraud Office, has warned that British businesses should not consider deferred prosecution agreements (DPAs) the “new normal” if they are caught misbehaving.’

The Guardian, 2nd April 2017

Source: www.guardian.co.uk

Lawyers divided on new white-collar crime offences – Law Society’s Gazette

Posted January 16th, 2017 in company law, consultations, enforcement, false accounting, fraud, Ministry of Justice, money laundering, news, Serious Fraud Office, vicarious liability by sally

‘US-style ‘vicarious liability’ and new ‘failure to prevent’ offences are under consideration in long-awaited government proposals to reform the law on corporate criminal liability published today. Initial reaction from corporate crime specialists was divided, with some lawyers seeing the proposals as a climb-down while others described them as a new burden on business.’

Law Society’s Gazette, 13th January 2017

Source: www.lawgazette.co.uk

Serious Fraud Office given extra funds to investigate Unaoil bribery claims

Posted November 2nd, 2016 in bribery, news, Serious Fraud Office by tracey

‘The Serious Fraud Office has been given special funding to pursue its criminal investigation into a firm that has been implicated in an international bribery scandal.’

The Guardian, 1st November 2016

Source: www.guardian.co.uk

Serious Fraud Office steps up BHS investigation – The Guardian

Posted September 29th, 2016 in fraud, insolvency, news, pensions, Serious Fraud Office by tracey

‘The Serious Fraud Office has stepped up its inquiries into the collapse of BHS and the conduct of the department store chain’s former owner Dominic Chappell.’

The Guardian, 28th September 2016

Source: www.guardian.co.uk

The Serious Fraud Office and Legal Representation During Section 2 Interviews – Crimeline

Posted August 18th, 2016 in legal representation, news, Serious Fraud Office by tracey

‘It is often assumed that an individual being interviewed by an investigative body, whether under caution or voluntarily, has a fundamental right to legal representation and advice. However, the publication of new guidelines by the Serious Fraud Office (“SFO”) on the presence of lawyers and the conduct of interviews conducted pursuant to section 2 of the Criminal Justice Act 1987 (the “New Guidelines”) calls into question this assumption. This article will consider the New Guidelines which were issued following the case of Lord v the SFO[1].’

Crimeline, 15th August 2016

Source: www.crimeline.info

Serious Fraud Office launches criminal inquiry into Tata Steel – Daily Telegraph

Posted April 8th, 2016 in fraud, inquiries, news, Serious Fraud Office by tracey

‘The Serious Fraud Office has opened a criminal inquiry into Tata’s steel-making operation, the Telegraph can disclose.
Police officers are examining allegations that staff working for the company’s office in Britain may have falsified certificates detailing the composition of the product before they were sold.’

Daily Telegraph, 8th April 2016

Source: www.telegraph.co.uk

City lawyers concerned about change to SFO – The Independent

Posted February 16th, 2016 in fraud, legal profession, national crime agency, news, Serious Fraud Office by sally

‘Senior City lawyers are railing against plans to subsume the Serious Fraud Office (SFO) into the National Crime Agency (NCA), amid fears of yet more disruption to the prosecution of white-collar crime.’

The Independent, 16th February 2016

Source: www.independent.co.uk

Chickens coming home to roost: SFO’s first conviction of a company for bribery after contested trial – RPC Financial Services Blog

Posted January 8th, 2015 in bribery, company directors, corruption, news, Serious Fraud Office by sally

‘Hot on the heels of the SFO’s first conviction under the Bribery Act 2010, discussed in George’s post, and just as some of us were disappearing for a Christmas break, the SFO announced its first conviction of a company for bribery of foreign public officials after a contested trial. (Regular SFO-watchers will recall that in Mabey & Johnson (2009) and Innospec (2010), both companies pleaded guilty by agreement to offences involving bribery of foreign public officials.) This prosecution was not in fact under the much-trumpeted Bribery Act 2010, but under s1 of the Prevention of Corruption Act 1906.’

RPC Financial Services Blog, 7th January 2015

Source: www.rpc.co.uk

Two more guilty of record boiler room fraud – BBC News

Posted June 5th, 2014 in conspiracy, fraud, money laundering, news, sentencing, Serious Fraud Office, shareholders by sally

‘New convictions in the UK’s biggest-ever boiler room scam bring the total convictions in this £70m fraud to nine.’

BBC News, 4th June 2014

Source: www.bbc.co.uk

Director of the Serious Fraud Office v B – WLR Daily

Posted April 8th, 2014 in appeals, contempt of court, extradition, law reports, proceeds of crime, restraining orders, Serious Fraud Office, Supreme Court by sally

Director of the Serious Fraud Office v B [2014] UKSC 23; [2014] WLR (D) 151

‘A person who had been extradited to the United Kingdom for trial on a criminal charge, and who prior to his extradition had been guilty of contempt of court by disobeying a court order, could be punished for the contempt notwithstanding that it was not the basis of his extradition.’

WLR Daily, 2nd April 2014

Source: www.iclr.co.uk

SFO head defends agency’s perceived “lack of appetite” for prosecuting senior UK bankers – OUT-LAW.com

Posted March 6th, 2014 in banking, crime, deferred prosecution agreements, news, prosecutions, Serious Fraud Office by tracey

‘The head of the Serious Fraud Office (SFO), which investigates and prosecutes serious and organised crime in England and Wales, has defended the agency’s record against UK banks and senior bankers in the aftermath of the financial crisis.’

OUT-LAW.com, 6th October 2014

Source: www.out-law.com

Probation officers strike in protest at privatisation plans – The Guardian

Posted November 5th, 2013 in contracting out, industrial action, news, probation, Serious Fraud Office by sally

“Thousands of probation officers across England and Wales are due to stage a 24-hour strike from midday on Tuesday in protest at plans to privatise 70% of their work.”

The Guardian, 5th November 2013

Source: www.guardian.co.uk

SFO could snoop on communications to uncover evidence of corruption, says director – OUT-LAW.com

Posted October 28th, 2013 in bribery, corruption, electronic mail, fraud, interception, internet, investigatory powers, news, privacy, Serious Fraud Office, telecommunications by sally

“The director of the Serious Fraud Office (SFO) has warned that the agency may use powers of surveillance to uncover evidence of corruption within corporates.”

OUT-LAW.com, 25th October 2013

Source: www.out-law.com

Serco referred to Serious Fraud Office over electronic tag overcharging scandal – Daily Telegraph

Posted September 27th, 2013 in electronic monitoring, news, Serious Fraud Office by tracey

“The Serious Fraud Office has been handed a dossier on private security firm Serco following allegations the taxpayer has been overcharged by millions of pounds for electronic tags.”

Daily Telegraph, 26th September 2013

Source: www.telegraph.co.uk

More bribery prosecutions imminent as SFO confirms eight cases under investigation – OUT-LAW.com

Posted September 6th, 2013 in bribery, corruption, fraud, news, prosecutions, Serious Fraud Office by tracey

“The head of the Serious Fraud Office (SFO) has responded to critics of the UK’s new anti-corruption legislation, confirming that the department has eight cases under investigation.”

OUT-LAW.com, 5th September 2013

Source: www.out-law.com

No room for corporate complacency, says expert, as SFO brings first Bribery Act charges – OUT-LAW.com

Posted August 16th, 2013 in bribery, company law, fraud, news, prosecutions, Serious Fraud Office by tracey

“The Serious Fraud Office (SFO) has made its first charges in relation to offences under the Bribery Act, it has announced.”

OUT-LAW.com, 16th August 2013

Source: www.out-law.com

G4S faces criminal probe after overcharging taxpayer millions for electronic tags – Daily Telegraph

Posted July 12th, 2013 in crime, electronic monitoring, news, Serious Fraud Office by tracey

“G4S is facing a criminal investigation after it billed the taxpayer millions of pounds to electronically tag criminals who had died, left the country or gone back to jail.”

Daily Telegraph, 11th July 2013

Source: www.telegraph.co.uk

SFO considers criminal inquiry into alleged price fixing by oil firms – The Guardian

Posted May 17th, 2013 in energy, inquiries, news, price fixing, Serious Fraud Office by sally

“The Serious Fraud Office said on Thursday it is considering a criminal inquiry into alleged price fixing at BP and other oil companies already being investigated by European competition authorities.”

The Guardian, 16th May 2013

Source: www.guardian.co.uk

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