Our extensive knowledge at your fingertips

Latest editions

Search

SFO Director Lisa Osofsky keynote speech

SFO has recovered over £59.5 million in proceeds of crime since 2018 and we have agreed 8 DPAs bringing back over £1 billion to the UK taxpayer, including Amec Foster Wheeler Energy Limited, which last year saw the company pay £103 million for its corrupt actions...
Read More

House of Lords on Protection for Whistleblowing Bill

The bill would introduce several protections for whistleblowers, including the establishment of an independent Office of the Whistleblower. The office’s principal duty would be to protect whistleblowers and oversee the process of whistleblowing...
Read More

Home Office appointment letters for Senior Responsible Owners

Home Office publishes appointment letters for Senior Responsible Owners for including fraud & cybercrime reporting.  The Fraud and Cyber Crime Reporting and Analysis System (FCCRAS) forms part of the Home Office Portfolio, under the oversight of the Chair of the Finance...
Read More

SFO Annual Report and Account 2021/22

The SFO has undertaken three instances of executive action on investigations into the activities of: Raedex Consortium – Apr 2021, raided 2 properties, arresting one individual and interviewing two suspects. Alpha and Green Park Companies – Sept 2021 and carried out a series of co-ordinated raids, interviews and mandatory ...
Read More

RUSI on problems with Economic Crime Policing

Economic crimes underpin serious organised crime; cybercrimes enable fraud. All these crimes intersect with local policing priorities like county lines and human trafficking. Despite the interlinking nature of the threat, economic crime suffers from a disproportionate...
Read More

House of Commons Library on corporate criminal liability

Regulatory sanctions are sometimes available where criminal ones are not, so whereas UBS could not be prosecuted for a crime relating to LIBOR manipulation, the Financial Conduct Authority did impose a £160 million fine on UBS...
Read More

SFO on fraudulent Global Forestry Investment scheme

Mr Bowers and Mr Skeene were behind Global Forestry Investments, a fraudulent green investment scheme which scammed around 2,000 investors out of their savings and pensions. The fraudulent duo encouraged victims to invest in three Brazilian teak tree plantations, claiming they were...
Read More

NCA report on youth pathways into cybercrime

The report highlights that online gaming provides a common initial exposure and pathway into UK based. High IQ, an interest in technology, real-world social isolation, and a higher appetite to engage in risky behaviour online are likely identifiers...
Read More

First SFO trial of 2022 results in double conviction

The SFO has secured the convictions of the two company directors behind fraudulent green investment schemes in Brazil, which took in approximately £37 million of investments. Global Forestry Investments was presented as a secure, well-managed, ethical investment...
Read More

TI UK publishes report on Values Added

This report outlines practical steps to help companies through the key stages of implementing values to enhance their anti-corruption approaches: defining a company’s desired values, understanding those already in place, embedding values...
Read More

UK Treasury on fraud, scams & economic crime report

The report urged the Govt to legislate against online fraudulent adverts and seriously consider whether online giants should reimburse those who fall victim to scams on their platforms. It also called for the Govt to urgently...
Read More

SFO recovers almost £600k from bank accounts of former Petrofac fixer

SFO has recovered £567,466.53 from personal bank accounts linked to a former fixer for the Petrofac group. The 3 bank accounts – all linked to the Basim Al Shaikh (now deceased) – were identified and then frozen by the SFO on 3rd Feb 2021, on suspicion of containing...  
Read More