Subject to Inquiry

Subject to Inquiry

THE LATEST ON GOVERNMENT INQUIRIES AND ENFORCEMENT ACTIONS

Government Investigations and White Collar Litigation Group

Tag Archives: SFO

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends

Oxford University Press pays substantial civil settlement fine for corrupt overseas contracts and is debarred from World Bank tenders

This appears to be the first civil settlement approved by the new Director of the SFO, David Green QC. It confirms what he has said publicly, that he will agree to civil settlements where appropriate (even though they have been the source of criticism in the past) but the SFO will prosecute when it is the public interest to do so.… Continue Reading
Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends

IMPORTANT REPORT ON UK IMPLEMENTATION OF THE OECD ANTI-BRIBERY CONVENTION

The OECD have published a detailed Report on the evaluations and recommendations of a Working Group on the UK's implementation and enforcement of the OECD Anti-Bribery Convention. The Report provides a valuable critique of the Bribery Act 2010 and on the UK's recent record on enforcement of existing corruption laws.… Continue Reading
Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends

Deferred prosecution agreements to be introduced as a bill in the next parliament

In our view, the Solicitor General's confirmation that DPAs would be introduced into UK law is a very positive step forward in the enforcement of complex international crime. Although the road to its introduction may be bumpy, it is clear that he is very determined that it should happen and he is working with the judiciary to ensure that it is a success.… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims

Corruption Investigation into EADS continues – no interference by the Attorney General

Six months later, it appears that the Attorney General has decided not to get involved because, we suppose, of the risk to Britain's international reputation if there is further political interference in the workings of the criminal justice system. A decision to stop the SFO's investigation would be politically explosive, both domestically and internationally.… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends

Transparency International’s recommendations to the Government to assist in the prosecution of transnational financial crime

In short, TI is recommending better communication between all those in government who are involved in the prevention of international financial crime and better reporting so that the public and others can identify what the Government is actually doing and achieving in this regard.… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation

Innospec Ltd: Former executives charged with fraud and corruption offences

Following the news that a former Business Unit Director of Innospec Ltd, David Turner, appeared before Westminster Magistrates' Court on Tuesday, charged with conspiring to make corrupt payments to public officials in Indonesia and Iraq, the Serious Fraud Office ("SFO") announced yesterday that two further Innospec executives have now been charged with associated corruption offences.… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends

Corruption Investigation Into EADS/GPT – Will The Government Block This One too?

So one might take the view that "here we are again" five years later more allegations of corruption; involving a Saudi Royal again; the only difference is it is a UK subsidiary of EADS/GPT, on this occasion, and not British Aerospace. Presumably the Cameron government is faced with the same sort of dilemma, with similar pressure from the Saudi government.… Continue Reading
Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends

Identifying and Resolving Fraud and Corruption Cases in the US and the UK: PART II (Self Reporting )

The SEC and DOJ have long encouraged corporates to voluntarily disclose possible violations of the law. And both the SEC and DOJ offer lesser sanctions - even amnesty in certain cases - for corporates that timely self report suspected violations. Both the DOJ and the SEC stress that the key to receiving credit for self reporting is promptness. Corporates are expected to timely report potential violations identified through internal reporting or compliance programs or an internal investigation.… Continue Reading
Enforcement and Prosecution Policy and Trends

Identifying and Resolving Fraud and Corruption Cases in the US and the UK: PART I

To say regulators in the US and UK have traditionally used different tools to ferret out and punish fraud and corruption is a considerable understatement. As compared with the Serious Fraud Office (SFO) and the Ministry of Justice (MOJ), the United States Securities and Exchange Commission (SEC) and their counterparts at the Department of Justice (DOJ) take a more active approach to identifying and prosecuting - and in appropriate cases, settling - fraud and corruption cases.… Continue Reading
Enforcement and Prosecution Policy and Trends

SFO civil settlement with Macmillan: cooperation and cost shifting assists the SFO

At a time when many are questioning the SFO's budget and ability to fund and pursue multiple large scale corruption investigations, the settlement with Macmillan demonstrates that SFO investigations can reach an outcome in a timely and cost effective manner. The model followed for the Macmillan investigation is likely to be replicated for investigations into offences under the Bribery Act.… Continue Reading

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