Region: United Kingdom

FRC enforcement staffing grows significantly

The UK’s accounting regulator says that it has significantly bolstered its enforcement division over the past year to speed up investigations.

29 July 2021

Former SFO official admits being “a little naïve” about dealings with Dechert lawyer

The Serious Fraud Office’s former interim director has told a London court that he was “a little naïve” about his interactions with a lawyer representing the Eurasian Natural Resources Corporation, as he was looking into potential corruption by the mining company.

28 July 2021

UK market regulator probing Rio Tinto over Mongolian mine disclosures

28 July 2021

Ex-SFO intelligence official feared “reprisals” if he testified at ENRC trial

Media reports about ENRC’s “notoriety” may have been behind a former agency official’s reluctance to testify, the SFO’s associate general counsel told a London court. "Unless you’re living in a silo of some sort you’d be aware,” he said.

26 July 2021

Swiss privilege ruling a concern for companies seeking legal advice outside of Europe

One Swiss lawyer said the country’s parliament should examine the “unacceptable” ruling that permits prosecutors to seize legal advice given by lawyers outside of Europe in certain circumstances.

23 July 2021

UK court approves Mike Lynch’s extradition to US

A London court has ruled that UK billionaire Michael Lynch can be extradited to the US on fraud charges tied to US software company HP’s $11.1 billion acquisition of a company he founded.

22 July 2021

GIR Live: KBR case shows the benefits of pushing back against the SFO

A lawyer who acted for US engineering company KBR in its recent legal tussle with the Serious Fraud Office over the agency’s powers to compel evidence stored abroad said the case demonstrates the advantages of challenging the SFO.

22 July 2021

Ex-SFO investigator denies sharing secrets with ENRC’s lawyer

A former Serious Fraud Office official has rejected allegations that he and a senior Dechert partner acting for Eurasian mining company ENRC shared confidential information about their work during secret meetings.

21 July 2021

Ex-SFO official rejects dereliction of duty accusations

A former Serious Fraud Office investigator has denied allegations that he failed to make proper records of his contact with Neil Gerrard while the lawyer acted for Eurasian miner ENRC in a bribery probe.

20 July 2021

Wood Group settlement reignites overseas victim compensation debate

The Serious Fraud Office’s recent bribery settlement with engineering company Wood Group over historic conduct by Amec Foster Wheeler is only the second time the agency has included compensation for a foreign country within a deferred prosecution agreement.

19 July 2021

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