By
Jeff Dale2024-08-01T15:35:00
Staffing shortages that have plagued the U.K. Serious Fraud Office (SFO) are trending in the right direction since its new director took charge, with the anti-bribery agency forging ahead with initiatives to ensure its future sustainability.
The agency is focusing on re-energizing its work culture by “investing in our people and the tools they need to succeed,” Nick Ephgrave, SFO director, said in its annual report for 2023-24, published Tuesday.
Last year, the SFO admitted in its 2022-23 annual report of high vacancy rates leading to a mixture of temporary staff and counsel that would be unsustainable moving forward. Vacancy rates have eased since then, according to the recent report, falling from 23 percent to 16.3 percent. The agency noted a new methodology being used to calculate staffing shortages.
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2025-12-12T17:44:00Z By Neil Hodge
The U.K. Serious Fraud Office (SFO) has updated its guidance about how it evaluates corporate compliance programs when considering whether to prosecute or offer leniency to companies that have breached bribery and corruption laws.
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The U.K.’s Serious Fraud Office has made its first use of an enforcement tool that was meant to bring oligarchs and kleptocrats to book. But lawyers are unsure whether the move signifies either a change in direction or fortune for the agency.
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The U.K. Serious Fraud Office last month published its five-year strategic plan outlining how it intends to improve information gathering and international cooperation, as well as its enforcement record.
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The U.S. Department of Justice touted a record $6.8 billion in False Claims Act (FCA) recoveries in fiscal year 2025, much of that total stems from prior years’ cases and does not necessarily reflect the administration’s current enforcement direction.
2026-02-24T21:38:00Z By Oscar Gonzalez
A former vice president of an American coal company was convicted by a federal jury for his part in an international bribery and money laundering scheme. The conviction represents an anomoly in the Trump administration’s handling of Foreign Corrupt Practices Act (FCPA) cases launched under former President Joe Biden.
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The U.K. financial regulator has dropped 100 investigations without action over the past three years, but compliance should expect a refocus of resources rather than a retreat from enforcement.
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