SFO outlines five-year strategy amid ‘increasing pace of change’
By 
Jeff Dale2024-04-22T13:00:00
The U.K.’s Serious Fraud Office (SFO) said in a five-year strategic plan it’s “struggled to keep pace with demand” as ballooning casework shows no signs of slowing down.
The “SFO Strategy 2024-29,” published Thursday, outlined how the U.K. prosecutor will thwart financial crime, fraud, and corruption as it faces new challenges from the “increasing pace of change and technological innovation.”
“The SFO needs to be seen as a strong, dynamic, confident, and pragmatic organization,” Nick Ephgrave, SFO director, said in the strategy. “… [T]his means ensuring that SFO cases progress at a faster rate” and that the agency be a “partner of choice domestically and internationally.”
THIS IS MEMBERS-ONLY CONTENT
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.
Related articles
-
PremiumExperts question effectiveness of new enforcement tool SFO is finally wielding
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.
-
PremiumExperts: Prepare now with U.K. failure to prevent fraud offense on horizon
Fraud prevention is about to get more complicated with penalties rising sharply for U.K. organizations. Starting Sept. 1, larger businesses will be liable to criminal prosecution if any of their employees–or an agent, subsidiary, or other “associated person”–commits fraud that is intended to benefit the company.
-
PremiumSFO staffing shortages improve under new leadership
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.
More from Regulatory Policy
-
News BriefNot just for the rich: SEC may make closed-end funds available to retail investors
Securities and Exchange Commission Chair Paul Atkins indicated he favors changing the agency’s requirement that only the wealthy can invest in so-called “closed-end” private equity funds and hedge funds.
-
Basic PageDOJ shutters FBI unit that investigated Trump and 2020 election interference
The Department of Justice (DOJ) has shuttered a special Federal Bureau of Investigation (FBI) unit that focused on public corruption and whose legwork led to the special counsel investigation of President Donald Trump for trying to overturn the 2020 election results.
-
News BriefTrump administration launches pressure campaign against EU Digital Services Act
The Trump administration is preparing to ask the European Union to alter or water down its rules on content moderation on social media, claiming that they hurt the competitiveness of American technology companies.