The UK Serious Fraud Office (SFO) recently published a chapter from its internal Handbook on how it engages with companies seeking to enter into a Deferred Prosecution Agreement (DPA).… Continue Reading
On December 20 a jury in the UK acquitted two former employees of Guralp Systems Ltd, including its founder and former director, of conspiracy to make corrupt payments. This followed an acquittal two days earlier of the former finance chief of the company.… Continue Reading
The recent acquittal of three former members of Tesco senior management raises important questions for companies about the UK DPA process.
The SFO has also just decided to terminate the investigation into the Rolls-Royce managers after the company had entered into a DPA and accepted fines of $800 million based on the guilt of those same individuals.… Continue Reading
In the prior post, I described the lackluster approach to enforcement that has characterized the Financial Reporting Council. What’s the cause? A large part of the explanation lies in the regulator’s closeness to those that it is supposed to be holding to account.… Continue Reading