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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-08-01T15:35:00
Staffing shortages that have plagued the U.K. Serious Fraud Office (SFO) are trending in the right direction since its new director took charge, with the anti-bribery agency forging ahead with initiatives to ensure its future sustainability.
The agency is focusing on re-energizing its work culture by “investing in our people and the tools they need to succeed,” Nick Ephgrave, SFO director, said in its annual report for 2023-24, published Tuesday.
Last year, the SFO admitted in its 2022-23 annual report of high vacancy rates leading to a mixture of temporary staff and counsel that would be unsustainable moving forward. Vacancy rates have eased since then, according to the recent report, falling from 23 percent to 16.3 percent. The agency noted a new methodology being used to calculate staffing shortages.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
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2024-05-31T15:47:00Z By Neil Hodge
The U.K. Serious Fraud Office last month published its five-year strategic plan outlining how it intends to improve information gathering and international cooperation, as well as its enforcement record.
2024-04-22T13:00:00Z By Jeff Dale
The U.K.’s Serious Fraud Office said in a five-year strategic plan it’s “struggled to keep pace with demand” as ballooning casework shows no signs of slowing down.
2024-03-11T12:47:00Z By Neil Hodge
When Nick Ephgrave of the Serious Fraud Office said in his maiden speech he favored paying whistleblowers in exchange for information, he might not have been fully aware of the implications, according to legal experts.
2024-07-31T17:14:00Z By Aaron Nicodemus
Meta agreed to pay $1.4 billion to the state of Texas to settle allegations regarding the unauthorized capture and use of personal biometric data of state residents.
2024-07-30T20:32:00Z By Adrianne Appel
Charter Communications agreed to pay $15 million and put in place a “robust” compliance plan, including cybersecurity upgrades, to settle allegations it didn’t comply with emergency 911 and network outage notification rules, the Federal Communications Commission announced.
2024-07-30T15:43:00Z By Aaron Nicodemus
The Financial Industry Regulatory Authority ordered Western International Securities to pay $1.5 million for failing to implement a supervisory system to detect and respond to excessive trading, the firm’s fifth consent order with the regulator since 2019.
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