Corporate investigations

SFO’s growth push a ‘difficult line to tread’ for prosecutor

Law360, London: The Serious Fraud Office’s (SFO) recent promise to assist UK Plc with growth has raised eyebrows among former officials who question the optics of adopting political talking points that, on the surface, appear to distract from investigating and prosecuting economic crime.

Health and safety prosecution round-up—20 June 2025

A round-up of the latest health and safety prosecutions, including an NHS Foundation Trust and ward manager found guilty of health and safety offences following the death of a patient and a construction company fined after four workers were injured in a house collapse.

FCA secures convictions for insider dealing and money laundering

The Financial Conduct Authority (FCA) has published a press release announcing that it has secured convictions against Redinel Korfuzi and Oerta Korfuzi for insider dealing and money laundering offences, following a criminal investigation under the Financial Services and Markets Act 2000 and the Criminal Justice Act 1993. Redinel Korfuzi, a research analyst at an asset management firm, used confidential, price-sensitive information obtained through his role to unlawfully trade in shares of at least 13 listed companies between December 2019 and March 2021. The activity was carried out in collaboration with his sister, Oerta Korfuzi, and generated profits exceeding £1m. Sentencing is scheduled for 4 July 2025, and the FCA will seek confiscation orders to recover the proceeds of crime.

FATF announces new mutual evaluation framework to strengthen global illicit finance defences

The Financial Action Task Force (FATF) has convened its annual high-level meeting with the nine FATF-Style Regional Bodies (FSRBs) in Strasbourg, announcing the implementation of new mutual evaluations. The Global Network, comprising the FATF and nine FSRBs, representing over 200 jurisdictions, remains committed to combating illicit finance through a unified set of standards and mutual evaluations. The meeting focused on implementing Global Network priorities, particularly preparing members for the upcoming mutual evaluations, which will prioritise effectiveness in tackling money laundering, terrorist financing and proliferation risks. All FSRBs aim to complete their first evaluations by late 2026 or early 2027. Additionally, significant emphasis was placed on fostering peer learning, experience sharing and strengthened cohesion within the Global Network, a key priority under the Mexican Presidency.