The Serious Fraud Office, the United Kingdom’s anti-corruption agency, has released guidance for the first time ever that lets corporates know what it expects from them to be considered for leniency.
The SFO says in its five-page guidance note that cooperation means “providing assistance that goes above and beyond what the law requires.” It includes identifying suspected wrongdoing and criminal conduct, naming the people responsible, reporting suspicions to the SFO “within a reasonable time,” and preserving available evidence in a variety of paper and digital formats and providing it promptly.
