New guidance from the U.K.’s Serious Fraud Office aimed at encouraging companies to self-report cases of overseas corruption represent a “sea change” in the agency’s approach to tackling corporate crime, according to a briefing from law firm Fulbright & Jaworski.
The guidance adopts several clear themes from the U.S Department of Justice, including the involvement of external legal advisers in investigating corruption, the use for the first time of SFO-approved corporate monitors as an ongoing compliance tool in settled cases, and a clear statement of the advantages and disadvantages of self reporting, the firm says.
