Questions have begun percolating over the state of the United Kingdom’s anti-corruption efforts, with a reported plan to break up its national fraud-fighting office and speculation over the whereabouts of the U.K.’s promised national plan to combat corruption.
While the U.K.’s Serious Fraud Office had cause for celebration this week with its first victory in the major fraud case involving benchmark rate rigging, the office was faced with reports that the agency is being threatened anew by a plan to abolish it. The Financial Times reported Sunday that U.K. Home Secretary Theresa May is pushing a plan to eliminate the SFO and roll its functions under the National Crime Agency.
