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Combatting fraud is ‘serious business’ at the SFO

DeAnn Orie | January 24, 2017

Hannah von Dadelszen, joint head of fraud for the Serious Fraud Office (SFO), spoke recently at the Fighting Fraud and Eliminating Error Conference, offering some insight into how the SFO determines which fraud cases to investigate and what steps to take to begin an investigation.

Today, noted von Dadelszen, cases are considered under the SFO statement of principle and specifically under the following factors:

  • whether the apparent criminality undermines U.K. PLC commercial or financial interests in general and in the City of London in particular,
  • whether the actual or potential financial loss involved is high,
  • whether actual or potential economic harm is significant,
  • whether there is a significant public interest element, and
  • whether there is new species of fraud

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