Jul 23, 2021 A prosecutor’s dozen: the SFO announce 11th and 12th DPAs By Neill Blundell Max Hobbs The Serious Fraud Office (SFO) has entered into two new deferred prosecution agreement (DPAs), taking the total number entered into to 12...
Jul 09, 2021 Can the regulators shift the gears on D&I in financial services? By Macfarlanes The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England (the regulators) have published a...
Apr 30, 2021 Conviction and collapse: a mixed week for the SFO By Lorna Emson James Reid On Wednesday the Serious Fraud Office (SFO) announced that it had secured a corporate conviction against GPT Special Project Management...
Dec 21, 2020 The Unexplained Wealth Order reigns Supreme: the Supreme Court upholds the first ever UWO By Neill Blundell Max Hobbs The UK Supreme Court has dismissed the final appeal made against the first ever Unexplained Wealth Order (UWO) obtained by the National...
Oct 30, 2020 Taking flight: The SFO secures its ninth DPA By Neill Blundell Max Hobbs The Serious Fraud Office (SFO) has agreed its ninth deferred prosecution agreement (DPA), which has now received approval in the Crown...
Oct 08, 2020 The NCA obtains its first forfeiture of property using a UWO By Neill Blundell Max Hobbs On 7 October, the National Crime Agency (NCA) announced that for the first time it has successfully used an Unexplained Wealth Order...
Sep 24, 2020 SFO uses its first listed asset order By Neill Blundell James Reid On Wednesday the Serious Fraud Office (SFO) announced that it had used its first listed asset order (LAO) to seize £500,000 of jewellery,...
Jul 07, 2020 Unexplained Wealth Orders: NCA set to continue use of UWOs despite recent setbacks By Neill Blundell James Reid The National Crime Agency’s (NCA) use of unexplained wealth orders (UWOs) has faced recent high profile defeats in both the High Court...
May 06, 2020 Business beware: Covid-19 is leading to increased money laundering, fraud and terrorist financing By Neill Blundell Francis Bond In a report published yesterday, the Financial Action Task Force (FATF) has set out the “unprecedented global challenges” facing...
Apr 24, 2020 Covid-19 financial crime is a global challenge By Neill Blundell Francis Bond The surge in Covid-19 related financial crime necessitates an urgent international response, a leading banking association has said. We...
Mar 10, 2020 Home is where the UWO is: the NCA obtain a new suite of high-value UWOs By Neill Blundell Max Hobbs Hot off the heels of their success in the Court of Appeal, upholding the first unexplained wealth order (UWO) obtained in the UK, it is...
Feb 10, 2020 Fine by me: could a small sanction for a breach of the SFO’s Section 2 Notice fail to deter non-compliance? By Neill Blundell Max Hobbs At the end of January 2020, the UK courts convicted an individual of failing to comply with the terms of a “Section 2 Notice” issued...
Jan 28, 2020 The Magnificent Seven? The SFO agrees in principle to a DPA with Airbus By Neill Blundell Max Hobbs It is being reported that Airbus has agreed in principle to a deal with regulators in the UK, US and France to end long-running...
Jan 21, 2020 Get with the programme: the SFO releases new guidance on compliance programmes By Neill Blundell Max Hobbs The Serious Fraud Office (SFO) has released new guidance on its website – as part of its Operational Handbook – setting out key...
Dec 23, 2019 Hit for six: the SFO obtains a sixth DPA By Neill Blundell Max Hobbs The Serious Fraud Office (SFO) has announced its sixth Deferred Prosecution Agreement (DPA), entered into with Güralp Systems Limited...
Oct 16, 2019 Now listen here: the SFO once again raise the prospect of wiretaps By Neill Blundell Max Hobbs Lisa Osofsky, the Director of the Serious Fraud Office (SFO), made some very interesting comments regarding wiretaps and the possibility...