Alan Milford, general counsel for the U.K. Serious Fraud Office, recently provided compliance officers and audit executives at Compliance Week’s Europe event with some interesting views from the SFO. Aside from reminding compliance officers that it is their duty to speak up and report wrongdoing, he mentioned that compliance officers have been doing a good job at keeping up with the changing regulatory landscape. “As we welcome the new compliance culture, we do not consider that it is for us to offer advice or assistance on compliance policies: a stance for which we have in the past been criticized,” he said.
