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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-07-20T15:01:00
Recruitment and retention are among the biggest issues facing the U.K. Serious Fraud Office (SFO) as the agency gets set for a new director to take the reins.
The SFO on Tuesday published its annual report for 2022-23, in which outgoing Director Lisa Osofsky balanced praise for the agency’s work against acknowledgement of the areas improvement is needed. Osofsky will leave the SFO in September, when Nick Ephgrave, a former assistant commissioner of London’s Metropolitan Police Service, will take over.
Ephgrave already has a tall task ahead of him in overhauling the SFO’s culture and performance after a pair of independent reviews completed last year shined a spotlight on deficiencies at the agency that led to significant errors in high-profile cases against Unaoil and Serco.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
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Our lowest price ($1 per day) for one year.
2023-11-14T20:28:00Z By Aaron Nicodemus
The U.K. Serious Fraud Office launched an investigation into collapsed law firm Axiom Ince and an estimated £66 million (U.S. $82.5 million) worth of client funds that went missing.
2023-07-10T18:25:00Z By Neil Hodge
High staff turnover, low morale, and unattractive rates of pay are among the areas legal experts pointed to when discussing the potential agenda of Nick Ephgrave upon taking over as head of the U.K. Serious Fraud Office.
2022-11-09T12:54:00Z By Neil Hodge
Glencore Energy UK was ordered to pay nearly £281 million (U.S. $314 million) in fines and costs after an investigation by the U.K.’s Serious Fraud Office (SFO) found it paid $29 million in bribes to gain preferential access to oil in Africa to boost profits.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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