SFO promises a “strong, dynamic, confident and pragmatic organisation” in new five year strategy

The Serious Fraud Office ("SFO") published its new five year strategy (2024-29) (the "Strategy") on 18 April 2024, outlining its key objectives and focus areas. While the Strategy contains similar themes to the SFO's previous 2022-25 strategy, such as a continued focus on technology, there is a greater emphasis on innovation and the prevention of crime. In this briefing, we extract some of the key takeaways from the Strategy and the ways in which they may impact companies interfacing with the SFO in the future. Read more

The new DPA landscape for fraud

24 February 2024 will mark the tenth anniversary of Deferred Prosecution Agreements ("DPAs") being introduced in the UK as a means of resolving corporate crime. The article, 'The new DPA landscape for fraud', considers the key themes emerging from the DPAs that have been agreed to date and the likely use of DPAs in light of the incoming failure to prevent fraud offence and the recent expansion of the identification principle under the Economic Crime and Corporate Transparency Act 2023. Read more

FSR GLOBAL OUTLOOK 2024: FINDING SOLID GROUND AS THE BEDROCK SHIFTS

We are delighted to share our global FSR Outlook 2024: Finding solid ground as the bedrock shiftsIn 2024, the character of change facing the financial industry is more foundational - or fundamental - in nature than ever before. From ESG to AI, the shape of the world we live in is changing in a radical way. This year, we chart the paths through the shifting landscape for financial services businesses seeking solid ground. Read more

Economic Crime and Corporate Transparency Act 2023: Jurisdictional scope of the Failure to Prevent Fraud Offence

The Economic Crime and Corporate Transparency Act 2023 (the ECCTA) received Royal Assent in October 2023. Among other reforms, the ECCTA introduced a new offence of failure to prevent fraud (the FTP Fraud Offence), which is expected to come into force by 2025. In the latest in our series of briefings and podcasts on the ECCTA, this briefing focuses on the broad jurisdictional scope of the FTP Fraud Offence. You can also listen to our podcast on this topic here, and access our earlier briefings/podcasts on the ECCTA here. Read more

Tackling APP Fraud in the UK: where to next?

At the end of 2023, the UK Payment Systems Regulator (PSR) published its final position on the authorised push payment (APP) fraud reimbursement requirement in Policy Statement 23/4 Fighting APP scams: Final decision. Read more

APP Fraud: Prevention is surely better than paying out

Among the UK regulators' recent output relevant to Authorised Push Payment (APP) fraud, two items warrant particular consideration: Read more