The UK Serious Fraud Office said Friday a court approved its second application for a deferred prosecution agreement to settle Bribery Act and related offenses committed in several foreign countries. Deferred prosecution agreements are commonly used in the United States to resolve FCPA and other corporate criminal offenses. But the practice is new in the […]

Britain’s Serious Fraud Office (SFO) has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times (FT) reported on Thursday. Rolls-Royce, the world’s second-largest maker of aircraft engines, said in 2013 the SFO had launched a formal investigation into concerns about possible bribery and corruption in China and Indonesia. […]

UK regulators received a tip-off that the London unit of Swiss bank BSI was helping clients hide wealth offshore years before US prosecutors exposed its role in “massive” tax fraud, a Financial Times investigation has found. The Financial Services Authority, as it was then known, and HM Revenue & Customs, the tax authority, told the […]

On March 17, 2016, James Campbell Sutherland and Jack William Flader were found not guilty of money laundering by a jury at Southwark Crown Court. The nine week trial was the last in a series of three “boiler room fraud” trials. The trial opened on January 14, 2016, following an investigation which commenced in 2007. […]