Tag Archives: SFO

Destruction of computer records leads to prison sentence for director

It may cross your mind to throw your computer out of the back window as the Serious Fraud Office comes knocking on the front door but, as a case decided just before Christmas 2016 shows, it is probably a terrible … Continue reading →

I am entitled to a lawyer being present if interviewed by the Serious Fraud Office or similar authority, right?

We have all seen enough police shows to be familiar with the mantra that you are entitled to have a lawyer present, along with the warning that: You do not have to say anything. But it may harm your defence … Continue reading →

Bribery Causes a Company International Pain

bribery

I find it difficult to think of a better recent example of the depth and breadth of pain endured by a single group of companies for bribery-related misdemeanours than that being suffered by French industrial giant, Alstom. Continue reading →

The Perils of a Public Listing for Professional Services Firms, or Just Bad Luck?

stocks plummet

Now a world of pain seems to be opening up for the UK’s only listed quantity surveyor Sweett Group. On 14th July it made a London Stock Exchange announcement confirming details of an investigation by the Serious Fraud Office (SFO) … Continue reading →

White Collar Crime: Battle Lines Are Drawn

Tug of War

According to a report in The Times on Thursday 22nd May 2014, the number of senior prosecutors recruited by U.S. law firms in London has moved into double figures in the last three years. It seems there is no shortage … Continue reading →

Could Crime and D&O Cover One Day be Combined?

So, what’s the big idea?  After all, crime insurance, as we know, is primarily a first party cover i.e. it offers protection for financial losses suffered by a company as a result of (among other things) the fraud of its … Continue reading →

5 Financial News Stories You May Have Missed: Opportunistic Suits

5 Financial News Stories

This week: opportunistic suits, cyber attacks, guaranteed returns, LIBOR criminals, and some pretty major fat-fingering. Continue reading →

The Bribery Act Gets Off to a Slow Start

UK Bribery Act

With the Bribery Act’s main prosecuting authority distracted, it is perhaps not surprising that the only successful prosecution involving the Bribery Act so far in the UK has been brought by the Crown Prosecution Service. Continue reading →

U.S.-Style Corporate Plea Bargains “Imminent” in U.K.

The UK’s Solicitor-General has announced an imminent consultation paper relating to the introduction of US style Deferred Prosecution Agreements (DPAs) for companies. This type of arrangement has been in place in the US for some time and is often used … Continue reading →

5 Financial Stories You May Have Missed – And a White Hot Development

1. Is SEC “Breaking the Buck” and the Money Markets? Money markets funds are funny animals. They are mutual funds, but unlike most funds they are extremely short term and invest in US Treasury bills and commercial paper.  But what makes … Continue reading →