David Green CB QC, Director, Serious Fraud Office (SFO), has given a speech at the Cambridge Symposium on Economic Crime.

In his speech Mr Green made the following key comments:

1. the SFO’s current caseload includes investigating specific allegations in relation to

o LIBOR, FX,
o allegations of bribery and fraud involving major UK corporates and
o an ongoing money laundering investigation concerning a Ukrainian politician;

2. the SFO has prosecutions in 12 cases in progress against 37 subjects;

3. the SFO will continue to advocate the amendment of section 7 of the Bribery Act 2010 to create the offence of a company failing to prevent acts of financial crime by its associated persons;

4. the SFO has investigations which might prove suitable for their first deferred prosecution agreement and will look at bribery and corruption on a national level in order to assess the scale of the problem.

A copy of the speech is available. http://bit.ly/1lI5Lk7