There could be big changes to the way in which the UK’s Serious Fraud Office (SFO) is funded, following reports it is in talks with HM Treasury to increase its annual budget.
Currently, the SFO is allocated a basic annual budget of £31m (€34.9m, $43.3m) to maintain its 500 staff.
If it would like to take on a major case, it must go cap-in-hand and ask the Treasury for extra cash.
via Serious Fraud Office seeking funding increase – International AdviserInternational Adviser.
