- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.”
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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.
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.
The U.K. Serious Fraud Office announced two raids and three arrests coinciding with the launch of an investigation into collapsed property developer Carlauren Group.
Steel and an artificial sweetener made by two Chinese companies using forced labor have been banned from entering the U.S. under the Uyghur Forced Labor Prevention Act.
A federal court in Florida has lashed out at federal whistleblower programs by dismissing a mundane False Claims Act case against a medical practice on the grounds that the qui tam provisions of the FCA are unconstitutional.
Companies under criminal prosecution by the Department of Justice for any reason must show they have robust compliance for any artificial intelligence in use–or risk heightened prosecution–under a DOJ policy update.
