SFO's two-year transformation signals crackdown on fraud
                                                        
                                                            Law360, Expert Analysis: September 2025 marked two years since Nick Ephgrave took over as director of the Serious Fraud Office (SFO). At the outset of his appointment he was vocal about his aim to foster a more proactive and engaged SFO, an approach that is hardly surprising in circumstances where he had inherited a somewhat beleaguered agency, still bruised from the high-profile and fatal failures that plagued the likes of the Unaoil, G4S Ltd. and Serco Group PLC prosecutions during the tenure of his predecessor, Lisa Osofsky. Anoushka Warlow, partner, and Megan Curzon, associate at BCL Solicitors LLP, discuss the progress made under Ephgrave’s leadership and comment on how his reforms, new powers, and enforcement strategies are reshaping the SFO’s approach to corporate crime.