This week has seen a trio of significant “firsts” from the UK’s Serious Fraud Office.
On Monday, November 30, the SFO announced that its first-ever Deferred Prosecution Agreement had been approved by the Southwark Crown Court. Pursuant to the DPA, Standard Bank Plc (now known as ICBC Standard Bank Plc) agreed to a suspended indictment for failure to prevent bribery contrary to section 7 of the Bribery Act 2010. The SFO noted that the charge under section 7 of the Bribery Act was a first, as well.
