Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Last week, SFO head Lisa Osofsky told British lawmakers that she regretted the agency’s “damaging relationship” with an American private investigator during a major corruption probe into oil consultancy Unaoil, which ultimately led to three UK convictions being overturned.… Continue Reading
After three of the four convictions in the SFO’s Unaoil case were overturned, the UK attorney general launched a review into the agency. Last month, Sir David Calvert-Smith’s report was published, and it made for deeply uncomfortable reading for the SFO and its supporters.… Continue Reading
The Law Commission published the long-awaited Corporate Liability Options Paper on June 10, 2022. This followed a request by the British Government in November 2022 to consider “the challenges faced by the criminal justice system under the current law relating to corporate criminal liability .”… Continue Reading
Switzerland-based mining and commodities giant Glencore plc on Tuesday settled corruption investigations in the United States, the UK, and Brazil. In the U.S., subsidiary Glencore International AG pleaded guilty to one count of conspiracy to violate the FCPA and agreed to pay $700 million in criminal penalties and forfeiture.… Continue Reading
On February 7, 2022 the Serious Fraud Office released the Statement of Facts following its July 2021 Deferred Prosecution Agreement (DPA) with Amec Foster Wheeler Energy. It was released following confirmation by the SFO that it would not be proceeding with prosecutions against any individuals connected to the investigation. … Continue Reading
The SFO’s investigation into the activities of Petrofac drew to a close on October 4, 2021. Following its guilty pleas, the company was sentenced for seven counts of failing to prevent bribery between 2011 and 2017.… Continue Reading
Petrofac Ltd, a British oilfield services provider, agreed Monday to pay the UK Serious Fraud Office £77 million ($104.6 million) in penalties for Bribery Act offenses in Iraq, Saudi Arabia, and the United Arab Emirates.… Continue Reading
The Serious Fraud Office has been teetering on the brink for some time now. Several victims of its inept investigations have prompted some experts to question whether it remains fit for purpose.… Continue Reading
Amec Foster Wheeler Energy Limited agreed Friday with the DOJ and SEC to pay about $41 million in penalties and disgorgement to resolve FCPA offenses in Brazil.… Continue Reading
Unless a mobile device management (MDM) system or special software is in place, messages may not be retrievable without cooperation from custodians. Even with cooperation, old or deleted messages may be unobtainable. … Continue Reading
As enforcement actions against corporate crime grow, so also have coordinated multi-jurisdictional settlements. These are arrangements involving two or more enforcement agencies from different countries wherein the participating agencies agree to cooperate in settling alleged corporate wrongdoing often using common corrective measures.… Continue Reading
I do not like criticizing the UK Serious Fraud Office. Its staff are exceptionally committed, and it has a very tough mandate. But my experience of building a global consultancy over 20 years is that hard messages sometimes need to be given, and a failure to deliver the message is demonstrative of personal as well as organizational failure and risks greater harm.… Continue Reading
