By
Kyle Brasseur2023-07-20T15:01:00
Recruitment and retention are among the biggest issues facing the U.K. Serious Fraud Office (SFO) as the agency gets set for a new director to take the reins.
The SFO on Tuesday published its annual report for 2022-23, in which outgoing Director Lisa Osofsky balanced praise for the agency’s work against acknowledgement of the areas improvement is needed. Osofsky will leave the SFO in September, when Nick Ephgrave, a former assistant commissioner of London’s Metropolitan Police Service, will take over.
Ephgrave already has a tall task ahead of him in overhauling the SFO’s culture and performance after a pair of independent reviews completed last year shined a spotlight on deficiencies at the agency that led to significant errors in high-profile cases against Unaoil and Serco.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2023-11-14T20:28:00Z By Aaron Nicodemus
The U.K. Serious Fraud Office launched an investigation into collapsed law firm Axiom Ince and an estimated £66 million (U.S. $82.5 million) worth of client funds that went missing.
2023-07-10T18:25:00Z By Neil Hodge
High staff turnover, low morale, and unattractive rates of pay are among the areas legal experts pointed to when discussing the potential agenda of Nick Ephgrave upon taking over as head of the U.K. Serious Fraud Office.
2022-11-09T12:54:00Z By Neil Hodge
Glencore Energy UK was ordered to pay nearly £281 million (U.S. $314 million) in fines and costs after an investigation by the U.K.’s Serious Fraud Office (SFO) found it paid $29 million in bribes to gain preferential access to oil in Africa to boost profits.
2026-03-13T21:06:00Z By Neil Hodge
New powers granted to the U.K.’s main competition watchdog will result in greater scrutiny, tougher enforcement, and a stark warning for companies to review their sales and marketing promotions—especially since some practices have been pushed firmly into the spotlight thanks to legislation that came into effect last year.
2026-03-12T20:00:00Z By Jaclyn Jaeger
Recent pronouncements made by the U.S. Securities and Exchange Commission leadership, alongside the recent overhaul of the SEC Enforcement Manual, collectively signal a back-to-basics enforcement approach that appears beneficial for companies in their dealings with the agency.
2026-03-11T21:35:00Z By Neil Hodge
The U.K. financial regulator’s move towards “impactful deterrence” could see smaller and mid-size firms come increasingly under the spotlight as the watchdog aims to tackle market-wide concerns instead of primarily focusing on large players capable of doing the most harm.
Site powered by Webvision Cloud