- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2025-02-10T16:42:00
The U.K.’s Serious Fraud Office (SFO) 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.
On Jan. 17 at the High Court in London, the SFO secured its first unexplained wealth order (UWO) in a bid to recover a 1.5 million-pound sterling property suspected of being purchased with the proceeds of a 100-million pound sterling fraud.
The house is owned by Claire Schools, the ex-wife of solicitor Timothy Schools, who was sentenced to 14 years in prison in 2022 for fraud. She must produce information about how the property was obtained by Friday.
2024-08-01T15:35:00Z By Jeff Dale
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.
2024-05-31T15:47:00Z By Neil Hodge
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.
2024-04-22T13:00:00Z By Jeff Dale
The U.K.’s Serious Fraud Office said in a five-year strategic plan it’s “struggled to keep pace with demand” as ballooning casework shows no signs of slowing down.
2025-07-02T20:31:00Z By Aaron Nicodemus
A Delaware logistics company paid a $608,825 fine for violating U.S. sanctions on Cuba, a breach that the company self-disclosed to the U.S. Treasury’s Office of Foreign Assets Control (OFAC).
2025-06-17T19:34:00Z By Aaron Nicodemus
After self-reporting that a recently purchased subsidiary broke U.S. sanctions and export control laws, a Texas-based venture capital fund will receive no penalty from the U.S. Department of Justice.
2025-06-13T14:39:00Z By Aaron Nicodemus
A San Francisco venture capital firm will pay a $216 million fine to the U.S. Treasury for violating U.S. sanctions by managing investments for a Russian oligarch.
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