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FCPA Blog Daily News

Entries in UK Serious Fraud Office (11)

Wednesday
Sep202017

Bill Waite on the SFO: Five More Years!

Almost six years ago I wrote a post for the FCPA Blog called "At The SFO, Green Shoots." The post was about the appointment of David Green CB QC as the new head of the UK Serious Fraud Office.  

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Wednesday
Jul122017

SFO joins bribery probe of Amec Foster Wheeler 

The UK Serious Fraud Office has now joined the DOJ and SEC in an investigation of possible overseas bribery by London-based Amec Foster Wheeler plc.

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Thursday
Dec012016

Barry Vitou: Is the SFO here to stay?

Barry Vitou, a partner in Pinsent Masons in London and head of their Global Corporate Crime Team, talked with me this week about the future of the SFO.

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Wednesday
Oct152014

Will GPT be the SFO's next BAE?

The Financial Times reported Friday that anti-corruption groups, (Global Witness, Transparency International and Corruption Watch) had written to the Prime Minister and the Director of the Serious Fraud Office raising concerns about the integrity of the SFO’s investigation into the sale by GPT Special Project Management, an Airbus subsidiary, of communications equipment to the Saudi National Guard.

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Thursday
Sep252014

Does an under-funded SFO violate UNCAC?

Bloomberg reported this week that an informed but unidentified and unauthorized person, presumably not the director, had revealed that the Serious Fraud Office was preparing to ask the UK’s Treasury to supplement its annual budget of $37 million by more than 50 per cent in connection with its investigation of market-rigging and bribery allegations.

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Wednesday
Sep102014

Trial of Alstom UK unit starts in London

Image courtesy of AlstomThe trial of a UK subsidiary of Paris-based Alstom started Tuesday, with the Serious Fraud Office alleging in filings that the company paid $8.5 million in bribes for contracts in India, Poland, and Tunisia.

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Monday
Sep082014

Report: Choudhries dropped from UK Rolls Royce bribe probe

Image courtesy of Rolls RoyceA father and son arrested by the UK Serious Fraud Office during the investigation into allegations of bribery by jet engine maker Rolls Royce have been released from bail obligations, indicating they are likely to play no further role in the case.

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Thursday
Sep042014

A look behind the proposal to expand Bribery Act coverage to financial crimes

David Green QC, Director of the UK Serious Fraud OfficeIn his third report to the Cambridge Symposium on September 2, the Director of the SFO suggested that the proposal to amend s.7 of the Bribery Act 2010 to cover financial crimes was “gaining traction."

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Thursday
Sep042014

SFO considers more arrests in Rolls Royce case

The director of the UK Serious Fraud Office said the agency is close to making more arrests in its bribery investigation of jet engine maker Rolls-Royce Holdings Plc.

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Monday
Jun162014

An Englishman asks if Judge Rakoff was right

It’s not just the language that divides us. On June 4 the United States Court of Appeals for the Second Circuit handed down its judgment in SEC v. Citigroup Global Markets, Inc. This was not, as the citation suggests, a titanic battle fought to legal death but rather the parties coming together to challenge a federal judge’s decision not to endorse a settlement between them. The SEC and Citigroup were at one in their submissions to the appellate court.

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Monday
Jun162014

New commentary on FCPA Guide provides valuable insights

The Resource Guide to the U.S. Foreign Corrupt Practices Act was published by the Department of Justice and the U.S. Securities and Exchange Commission in November 2012. The Guide, the merits of which have been widely debated on the FCPA Blog, is now the subject of extensive discussion in the second edition of the Cambridge University Press Commentary on the OECD Convention on Bribery.

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