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UK’s International Conference on Economic Crime hosted by SFO, united global leaders to strengthen cross-border action against FC, with a sharper focus on asset recovery and crypto-enabled threats

May 8, 2026

The discussions focused on enhancing international cooperation in tackling money laundering, fraud, bribery, and corruption, with a strong emphasis on improving cross-border investigations and faster information sharing. A key priority was strengthening asset recovery mechanisms, ensuring that illicit wealth can be traced, seized, and returned more effectively across jurisdictions…

UK SFO secures a £10M Deferred Prosecution Agreement from British defence supplier Ultra Electronics after it admitted failing to prevent bribery in overseas contracts in Algeria and Oman

May 1, 2026

The agreement relates to contracts pursued through agents in Oman and Algeria, including a £200 million Omani public sector contract, with the company also paying £4.8 million in investigation costs and committing to ongoing compliance reporting. The settlement follows a long-running investigation opened after a self-report by the company and requires Ultra Electronics to demonstrate sustained anti-bribery reforms under court supervision for the next three years…

UK Crime and Policing Act 2026 expands corporate criminal liability, making it easier to hold companies accountable for offences committed by “senior managers” acting within their authority

April 30, 2026

Previously, prosecutors had to prove wrongdoing by a company’s “directing mind and will” (usually top executives), but the new framework extends liability to a much broader range of senior staff, covering almost all criminal offences—not just economic crimes like fraud or money laundering. As a result, companies can now be held liable where a senior manager commits an offence in the course of their role, even without direct board involvement or clear corporate benefit, greatly widening exposure to fraud, financial crime, regulatory breaches…

UK SFO Business Plan 2026–27 sets out a bold, intelligence-led shift in tackling complex FC, driven by cutting-edge analytics, AI, deeper global collaboration, and faster, high-impact investigations

April 16, 2026

The plan prioritises earlier intervention through proactive intelligence and expanded use of tools such as AI, cryptoasset capabilities, and automation to improve investigative precision and efficiency. Additional funding, global partnerships, and contributions to UK anti-corruption strategy aim to strengthen enforcement outcomes and reinforce the UK’s position as a secure place to do business…

UK SFO, France PNF and Swiss OAG to host landmark International Economic Crime Conference on 2–3 May 2026 in London, uniting 70+ agencies to tackle fraud, bribery, corruption, & crypto-related crime

March 20, 2026

This conference marks the first major initiative under the International Taskforce on Economic Crime, which was established to foster closer collaboration between countries, improve investigative coordination, and send a clear signal that the global community is united against economic crime. Participants will discuss emerging threats, trends in international enforcement, and practical approaches to enhance transparency, accountability, and asset recovery across borders…

UK leads a Global Public-Private Partnership on Fraud, uniting governments and businesses to share intelligence, aid victims, and tackle international scams with cutting-edge technology

March 19, 2026

The agreement, launched at the Global Fraud Summit 2026, sets out shared principles including proactive prevention, cross-sector collaboration and enhanced information-sharing to detect and disrupt fraud more effectively across borders. It also commits participants to improving KYC controls, victim support, public awareness and the use of new technologies such as AI, recognising that fraud is a transnational threat requiring sustained cooperation between public authorities and private-sector platforms…

CoLP Domestic Corruption Unit arrests the Chief Executive of the Police Federation of England & Wales and 2 senior officials on suspicion of fraud by abuse of position in a financial misconduct probe

March 4, 2026

Krishna, aged 46, was the first civilian to lead the PFEW, which represents over 140,000 rank-and-file police officers. He was taken into custody alongside two other senior figures linked to the federation in coordinated raids across multiple sites, including the PFEW headquarters in Leatherhead, Surrey. The investigation, described by authorities as complex and active, is examining multiple lines of inquiry. While details remain limited due to the ongoing nature of the probe, media reports highlight Krishna’s controversial tenure…

Bureau of Investigative Journalism reveals independent police corruption investigations in UK have plummeted by 70% over 5 years, sparking serious concerns about weakened oversight & accountability

February 26, 2026

According to the data, the Independent Office for Police Conduct (IOPC) opened 101 corruption investigations in 2020/21, but just 30 in 2024/25, despite ongoing concerns about misconduct within law enforcement. Even when including less‑independent probes conducted by police forces themselves, the total number of corruption investigations has still dropped by roughly one‑third, suggesting that fewer allegations of serious misconduct and corrupt behaviour are being formally examined…

UK SFO appoints Graham McNulty as Interim Director from 6 Apr 2026, bringing a veteran economic crime investigator and former SFO COO to lead the Agency following Nick Ephgrave’s retirement

February 26, 2026

Before becoming interim director of the SFO, Graham McNulty served as the SFO’s Chief Operating Officer, a role he took up in September 2024. In that position, he was responsible for the agency’s operations, strategy, and organisational reform, including improving case management systems and expanding the use of technology in complex fraud investigations. Prior to joining the SFO, McNulty had a 31-year career in policing, holding senior roles focused on serious and organised crime, economic crime, and national investigations…

UK SFO secures a £283,321 confiscation order against a fraudster behind the Harlequin Group £226M Caribbean timeshare scam – the first asset recovery from one of the UK’s largest investment frauds

February 25, 2026

The SFO uncovered a range of concealed assets during its financial investigation, including cash held in hidden bank accounts, suspected overseas property interests in Thailand and Dubai, and funds transferred to relatives as “tainted gifts”. Ames had persuaded thousands of investors—many pensioners and first-time buyers—to invest life savings into Caribbean resort developments that largely never materialised, and authorities say the confiscation order represents an initial step in ensuring he does not retain the financial benefit of the fraud…

UK SFO sentences a fraudster to 4 years for a global scam selling 60,000+ aircraft parts with fake safety certificates, defrauding airlines and threatening aviation safety

February 23, 2026

The individual sold more than 60,000 engine components to airlines and maintenance companies, falsely claiming they met regulatory safety standards. This not only defrauded buyers of millions of pounds but also posed a serious risk to aviation safety, as the parts were unverified and potentially unsafe. For these offences, the court sentenced the defendant to four years in prison, underscoring the SFO’s commitment to tackling complex fraud that endangers both the financial and operational integrity of critical industries…

Spotlight on Corruption warns that crypto political donations threaten the UK democracy, as their anonymity and lack of traceability can hide the true source of funds and enable foreign or illicit influence

February 19, 2026

With no tailored UK rules yet, and some parties already accepting crypto donations, the briefing urges the Electoral Commission to provide strict guidance—such as banning anonymous wallets, using regulated intermediaries, and converting crypto to sterling—and recommends that the Government consider banning crypto donations altogether, alongside tightening corporate and foreign funding rules…

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