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Fraudbuster SFO claims victory in fight for survival
SFO now expected to keep twin roles of investigator and prosecutor.
SFO boss Richard Alderman ‘talks of quitting’ in row over new agency
SFO director might resign rather than see his agency torn apart.
U.K. Fraud Office’s Future Said to Create Cabinet-Level Split
Some in UK government support SFO as stand-alone agency, others wish to abolish it.
“The F Word:” Facilitation payments under the UK Bribery Act
Companies that feel compelled to make facilitation payments need to communicate with the UK’s SFO.
UK: SFO Plans to Proceed With £30m BAE Settlement
Serious Fraud Office intends to bring settlement to court before the summer break.
UK: SFO Will Not Bring Criminal Charges Against Madoff’s British Operation
Serious Fraud Office will not pursue Madoff’s UK operations.
UK: SFO Announces Move Toward Self-Reporting and Negotiated Settlements
The UK’s Serious Fraud Office has confirmed that it plans, for the first time, to move towards a US-style system where businesses can self-report corruption issues and then negotiate a settlement seeking leniency. The Times Online reports that the SFO says it will use civil penalties such as fines “wherever possible” instead of criminal sanctions. [...]
UK: Serious Fraud Office Building Hedge Fund Fraud Warning System
Hedge fund fraudsters beware: the UK’s Serious Fraud Office disclosed yesterday that the agency is building a Flux Capacitor warning system* to help it spot hedge fund fraud. Reuters reports that Richard Alderman, head of the SFO, did not provide details but stated that “[w]e’re looking in particular at a system of red flags to [...]