- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2024-05-31T15:47:00
The U.K. Serious Fraud Office (SFO) 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.
Under its new director, Nick Ephgrave, the SFO wants to upskill its workforce so investigators can use the latest tech to streamline case management and make better use of the agency’s resources. It wants to pursue a more proactive approach to crime prevention using both existing powers and potential new ones, including exploring whistleblower incentivization and pushing for a better disclosure regime.
In 2026/27, the SFO will conduct a mid-plan assessment to see if its efforts are paying off.
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French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
Staffing shortages that have plagued the U.K. Serious Fraud Office 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.
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