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SFO joint head of fraud: ‘Engage now or hide behind smoke and mirrors at your peril’

Jaclyn Jaeger | November 14, 2018

Hannah von Dadelszen, the U.K. Serious Fraud Office (SFO) joint head of fraud, has some useful insight into how a company should engage with the SFO if it chooses to self-report misconduct.

Companies have “two broad choices,” von Dadelszen said in remarks on Nov. 9 at the Pinsent Masons Business Crime and Compliance Conference in London. The first choice is to “choose to be open, honest, and transparent—we ask for genuine cooperation. The alternative is that a corporate can choose to play a game of smoke and mirrors.”

Some examples of smoke and mirrors, von Dadelszen said, include:

  • Reporting minor wrongdoing in one jurisdiction, but omitting to mention significant wrongdoing elsewhere;
  • Providing us with a bundle of key documents that are not key, and omitting those that are;
  • Not providing a sensible narrative of the suspicions around...
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