Tag Archives: “Director of the SFO”

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims August 29, 2014

The Director of the SFO criticises corporations which commission internal investigations before self-reporting

The engagement of external lawyers by corporations is still the safest and best option as those external law firms not only have their own firm's professional brand reputation to protect in giving full honest and fair reports, but the lawyers who form those organisations all owe personal duties to the court not to mislead it. Their report would have been prepared in the knowledge that, if disclosed to the SFO as part of a self-reporting procedure, it could end up being scrutinised by the court.… Continue Reading

Enforcement and Prosecution Policy and Trends, Financial Institution Regulation, Fraud, Deception and False Claims July 21, 2014

Forex Investigation – the new blockbuster investigation by the SFO

In addition to, potentially, multiple prosecutions of banks and individual traders, the SFO's investigation may also eventually lead to a surge in civil litigation in relation to those parties who feel that they have lost out as a result of market manipulation… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims July 21, 2014

The Serious Fraud Office Reports…

It is simply to emphasise that complex City fraud needs the kind of unified approach, expertise and special tools that Roskill advocated and that the SFO has developed.… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends March 25, 2014

Excoriating the SFO

It is, of course, possible, likely even, that none of these cases will reach trial before David Green's tenure as Director is up, but I believe that he has adopted the right course, and that with a fair wind (and perhaps a little support from the government and the press) he will succeed.… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims March 20, 2014

Ethical Business Conduct: An Enforcement Perspective

We at the BriberyLibrary concur with the Director's reasoning in favour of self-reporting. When you consider all the risks of the alternative, in 99% of cases, it must be the right decision for the corporate… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation February 25, 2014

Making Bankers Accountable

Both regulators and prosecutors have serious ambitions to bring proceedings against bankers whose reckless or negligent conduct brings a high risk of banking collapse, or serious detriment, or reputational damage, and consequent damage to the national economy… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends February 5, 2014

Director of the Serious Fraud Office seeks wider powers to pursue corporate crime under the Bribery Act

The Director's intention, as explained in the Daily Telegraph article, is that the Section 7 "failure to prevent bribery" offence, could easily be expanded in its breadth to include a failure to prevent all acts of financial crime.… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends December 11, 2013

Victor Dahdelah Corruption Case: Trial Collapses after key SFO witnesses refuse to give evidence

while the SFO is not afraid to bring high profile cases, the way in which it puts its cases together and presents them to the court is lacking, leading to spectacular high profile failures such as this one… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends July 8, 2013

DEFERRED PROSECUTION AGREEMENTS PROSECUTION GUIDANCE

Crime and Courts Act 2013. The Schedule contains a requirement that the DPP and the Director of the SFO jointly issue a Code giving guidance for prosecutors on a number of matters, including the general principles to be applied in determining whether a DPA is likely to be appropriate in a given case.… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims June 28, 2013

Director of the SFO and Director of Public Prosecutions publish joint draft Code of Practice for Deferred Prosecution Agreements

Notably, one reason suggested in the draft Code for the prosecution not entering into a DPA would be where a company had delayed in bringing the illegal conduct to the attention of the prosecuting authority… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims June 21, 2013

The Director of the Serious Fraud Office Speaks Out

He supports the idea that the principle of corporate responsibility embodied in section 7 of the UK Bribery Act should be extended to cover cases where theft or fraud had been committed by a company's employees or agents… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends January 23, 2013

The SFO reinforces its stance on Facilitation Payments Enforcement

This would appear to be a clear message, both to commercial organisations and to the OECD, that the SFO regards facilitation payments as being an important item on its current agenda.… Continue Reading

Anti-Bribery and Corruption, Compliance, Election and Political Law, Enforcement and Prosecution Policy and Trends October 9, 2012

New SFO guidance on self-reporting, business expenditure and facilitation payments

Self-reporting is no guarantee that a prosecution will not follow. Each case will turn on its own facts… Continue Reading

Enforcement and Prosecution Policy and Trends July 13, 2012

Serious Fraud Office makes new appointments

The new Director of the Serious Fraud Office (SFO), David Green QC, who took office in April this year, has this week made a series of senior appointments.… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends June 26, 2012

New Director plans changes at the Serious Fraud Office

A few days ago the new Director of the Serious Fraud Office, David Green QC, used his first public speech at a corporate accountability conference in London organised by the accountancy firm PwC to set out his plans to reconfigure the UK's leading prosecution agency for serious economic crime.… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends March 13, 2012

All Party Parliamentary Group on Anti-Corruption – A “state of the art” review by the Director of the SFO of anti-corruption enforcement in the UK

Mr Alderman's speech is, overall, very encouraging in that he believes that we in Britain often underestimate the way the rest of the world views the way in which the UK is tackling corruption… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends March 1, 2012

News International – The Leveson Inquiry – Corruption – FCPA – The Serious Fraud Office’s Own Problems – A news round-up

More and more evidence is emerging from the inquiry which indicates that there was wide spread corruption of the police and other public servants by representatives of the media… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends February 8, 2012

Four guilty in £70 million contracts corruption case

This case, and the sentencing of the defendants, is further proof that the British authorities are ramping up their enforcement of anticorruption laws and the sentencing of so-called white collar criminals… Continue Reading

Anti-Bribery and Corruption December 16, 2011

New Director of the Serious Fraud Office appointed today

the Attorney General, Dominic Grieve QC has appointed David Green QC as the new Director of the Serious Fraud Office… Continue Reading

Anti-Bribery and Corruption, Compliance, Election and Political Law July 8, 2011

The Bribery Act and the Pharmaceutical Industry: Is Big Pharma in big trouble?

Now that the fanfare is over, it has been suggested by several commentators, including Jonathan Russell in The Telegraph, that the Serious Fraud Office ("SFO") will need to take "a big scalp" before the Bribery Act becomes a real deterrent to companies carrying out corrupt activities.… Continue Reading

Anti-Bribery and Corruption, Compliance July 7, 2011

Charities and the Bribery Act – The distribution of aid using facilitation payments – will they be prosecuted?

A few days ago I was speaking at a conference on the Bribery Act and someone asked me how the Act applies to the small payments that his charity had to make in order to get the aid which the charity is distributing across a war torn country actually delivered to the people in need.… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends February 28, 2011

UK Bribery Act 2010 implementation: Is any time the right time?

The further delay in the implementation of the Bribery Act by the Ministry of Justice in order to review its guidance raises the issue as to whether the time for the coming into force of this Act will ever be right.… Continue Reading

Subject to Inquiry

THE LATEST ON GOVERNMENT INQUIRIES AND ENFORCEMENT ACTIONS