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.
2025-12-12T17:44:00Z By Neil Hodge
The U.K. Serious Fraud Office (SFO) has updated its guidance about how it evaluates corporate compliance programs when considering whether to prosecute or offer leniency to companies that have breached bribery and corruption laws.
2025-02-10T16:42:00Z By Neil Hodge
The U.K.’s Serious Fraud Office has made its first use of an enforcement tool that was meant to bring oligarchs and kleptocrats to book. But lawyers are unsure whether the move signifies either a change in direction or fortune for the agency.
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.
2025-12-11T21:18:00Z By Ruth Prickett
Global organised crime is booming, and only 1 to 2 percent of the $4 trillion black economy is intercepted, according to figures from the Financial Action Task Force. Its new guidance suggests that countries should focus on rapid investigations, collaborative intelligence gathering, and confiscating the proceeds of criminal activity.
2025-12-11T21:14:00Z By Oscar Gonzalez
Paxful, a crypto peer-to-peer network, will plead guilty to multiple federal criminal charges related to violations of the Bank Secrecy Act (BSA), among others. The plea agreement follows years of scrutiny from regulators over anit-money laundering (AML) compliance failures.
2025-12-09T20:40:00Z By Ruth Prickett
A compliance officer is facing charges for laundering $7 million in a complex legal case in Switzerland. Swiss prosecutors have charged Credit Suisse, and one of its former employees, with failing to maintain adequate controls.
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