The following Risk & Compliance guidance note Produced in partnership with Michael Potts of Byrne and Partners provides comprehensive and up to date legal information covering:
The Serious Fraud Office (SFO) investigates serious or complex frauds and corruption that often involve an international element or are otherwise likely to attract publicity. The SFO states that it takes on a small number of large economic crime cases. In considering whether to take on an investigation, the Director of the SFO applies the Statement of Principle, which includes consideration of:
whether the apparent criminality undermines UK PLC commercial or financial interests in general and in the City of London in particular
whether the actual or potential financial loss involved is high
whether actual or potential economic harm is significant
whether there is a significant public interest element, and
whether there is new species of fraud
The SFO covers England, Wales and Northern Ireland, but not Scotland, the Isle of Man or the Channel Islands.
The SFO website also has a reporting function that identifies three main types of criminality th
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