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
Posts Tagged: SFO
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
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
The Covid-19 outbreak presented “an unprecedented crisis” for the criminal justice system in the UK – coming as it did when there was already a mounting backlog of complex criminal cases in England and Wales.… Continue Reading
In a much-needed win for the Serious Fraud Office, two out of three defendants it was prosecuting for corruption in the Unaoil case were found guilty by a London jury Monday after 19 days of deliberations.… Continue Reading
Identifying and compensating overseas victims of corruption is a major challenge that prosecutors have yet to adequately address. As Jeffrey Kaplan recently discussed in a post for the FCPA Blog, when corruption is treated as victimless, it may allow those involved in the crime to “feel comfortable with their participation.”… Continue Reading
It is five years since Deferred Prosecution Agreements (DPAs) came into force in the UK. In that time they have become such an established part of the corporate crime landscape that any UK-based company which is under investigation for fraud or bribery by the SFO will now give serious thought to pursuing a DPA.… Continue Reading
The UK’s Serious Fraud Office (SFO) enjoys a mixed reputation as far as other law enforcement agencies are concerned, in particular the police.
American national and former deputy general counsel at the FBI, Lisa Osofsky, the head of the SFO, has effectively admitted defeat over several of its investigations, which were started before her tenure at the SFO.… Continue Reading
The strong-arm tactics employed by federal prosecutors in the United States may be about to hit the UK, thanks to the Serious Fraud Office’s (SFO) new head, Lisa Osofsky, a former FBI lawyer.… Continue Reading
The UK Serious Fraud Office said Friday it has closed bribery investigations into UK-based GlaxoSmithKline PLC and individuals at subsidiaries of Rolls-Royce Holdings PLC.
SFO director Lisa Osofsky said in a statement there was “either insufficient evidence to provide a realistic prospect of conviction or it is not in the public interest to bring a prosecution in these cases.”… Continue Reading