All Serious Fraud Office articles – Page 3
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BlogSFO: Former Petrofac executive pleads guilty in bribery case
A former executive of Petrofac pleaded guilty this week to bribery offenses in connection with an ongoing investigation by the U.K. Serious Fraud Office into the oilfield services company and its subsidiaries.
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SFO: Former global sales director of Alstom Power sentenced in bribery case
Nicholas Reynolds received four years and six months imprisonment and was ordered to pay costs of £50,000 (U.S. $62,930) for his part in a conspiracy to bribe officials in Lithuania’s Elektrenai power station and senior Lithuanian politicians in order to win two contracts worth €240 million (U.S. $273 million), the ...
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SFO secures more convictions in F.H. Bertling corruption case
Stephen Emler and Giuseppe Morreale pleaded guilty for their part in a corrupt scheme to secure a ConocoPhillips freight forwarding contract, worth over £16m, for logistics and freight operations company F.H. Bertling as part of the ‘Jasmine’ North Sea oil exploration project, the U.K. Serious Fraud Office announced.
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SFO joint head of fraud: ‘Engage now or hide behind smoke and mirrors at your peril’
Hannah von Dadelszen, the U.K. Serious Fraud Office’s joint head of fraud, in recent remarks offered some useful insight as to how a company should engage with the SFO if it chooses to self-report misconduct.
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SFO set to recover proceeds from Uzbekistan corrupt deals
The U.K. Serious Fraud Office said it has issued a claim for civil recovery in the High Court under Part 5 of the Proceeds of Crime Act 2002.
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SFO General Counsel to join Kingsley Napley
Alun Milford, general counsel for the U.K. Serious Fraud Office, will be leaving the agency to join law firm Kingsley Napley as a partner.
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New SFO director will leverage compliance officers’ expertise
Head of the Serious Fraud Office Lisa Osofsky laid out her priorities for the agency in the coming months and provided CCOs a glimpse into what the SFO will expect.
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FCPA inquiry into Güralp Systems Limited ends as SFO investigation continues
Consistent with its FCPA Corporate Enforcement Policy, the Department of Justice has closed its Foreign Corrupt Practices Act inquiry into U.K. company Güralp Systems, without bringing any action, as the maker of seismic testing equipment faces an ongoing parallel investigation by the U.K. Serious Fraud Office.
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What to expect under the new SFO Director
The U.K. Serious Fraud Office—the agency that both investigates and prosecutes white-collar and financial crimes in the United Kingdom—is set to begin a whole new chapter in its 30-year history, with implications on U.K. companies facing investigations for economic crimes.
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The Serious Fraud Office has a new director
Jeremy Wright, the Attorney General for England and Wales, on June 4 named Lisa Osofsky as the new director of the Serious Fraud Office.
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Mark Thompson named interim director of the SFO
The Attorney General’s Office announced that Mark Thompson, currently chief operating officer at the Serious Fraud Office, will be appointed SFO director on an interim basis pending the next permanent director becoming available.
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SFO: AI powered ‘robo-lawyer’ enhances fight against economic crime
The U.K. Serious Fraud Office is making artificial intelligence available to all its new casework, speeding up the investigation process—and already other enforcement bodies around the world are looking to the SFO to share its experience with AI.
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Extracting compliance lessons from U.K. bribery cases
Recent case law shows that when it comes to the U.K. Bribery Act, no company is considered out of reach, or not worth prosecuting, if there is a message to be sent.
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SFO recovers £4.4m from corrupt diplomats in ‘Chad Oil’ share deal
The Serious Fraud Office announced that it is set to recover millions lost in a corruption case concerning bribes that Griffiths Energy paid to Chadian diplomats in the United States and Canada.
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SFO to seek retrial of three former Tesco managers
The U.K. Serious Fraud Office is seeking a retrial of three former senior managers of retail company Tesco, who are facing fraud and false accounting charges.
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SFO: More charges in Barclays Qatar capital raising case
The U.K. Serious Fraud Office has charged Barclays Bank with unlawful financial assistance contrary to the Companies Act in connection with an investigation it began in 2012.
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Why is the U.S. government investigating GlaxoSmithKline now?
GlaxoSmithKline recently said U.S. enforcement agencies asked for information about third-party advisers the company hired in China during a corruption investigation in the country. The Man From FCPA asks, why now?
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Petrofac board: An update on SFO investigation
The board of directors of oilfield services provider Petrofac this week provided an update on the U.K. Serious Fraud Office's investigation into the company.
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SFO: Tell-tale signs of money laundering
Serious and organised crime costs the United Kingdom an estimated £24 billion a year, states a new government report setting out the threats posed by money laundering. With the report, the government relaunched its “Flag it Up” campaign to raise awareness and show how the legal and accountancy sectors can ...
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ENRC and legal privilege
Back in May, in a landmark decision, the Serious Fraud Office won the right to gain access to documents that a Kazakh mining company claimed were protected by professional privilege. Now that company has won the right to appeal.