Reform the SFO to Effectively and Proactively Fight Fraudsters
27 August 2024
SUGGESTED
In the Media
Housing and Planning
Trade, Development, and Immigration
4 November 2024
IEA research featured in City AM
IEA research calling for a reformation of the Serious Fraud Office (SFO) into a Serious Economic Crime Office (SECO) has been referenced in an article by City AM.
The article said:
“The think tank was clear in its report that it favours a more focus on prevention, with one of the authors David Shepherd stating the ‘SFO is hamstrung by its focus on criminal justice and courts that are not fit-for-purpose’.
“The report authors stated that the SECO ‘would keep powers to prosecute serious fraud, but would also have new responsibilities to deter fraud before it occurs,’ adding that this office ‘would be expected to develop good practice advice on prevention in closer collaboration with the private sector’.
“In addition, the authors of the report suggest that SECO would be encouraged to embrace alternative justice mechanisms, including deferred prosecution agreements (DPA) and using larger fines.”
You can read the full article here.
The paper has also been mentioned in LondonTV, Scottish Legal News, Irish Legal News, ICLG and WiredGov.
Read the full paper Replacing the Serious Fraud Office: The case for a new approach to serious economic crime.
The article said:
“The think tank was clear in its report that it favours a more focus on prevention, with one of the authors David Shepherd stating the ‘SFO is hamstrung by its focus on criminal justice and courts that are not fit-for-purpose’.
“The report authors stated that the SECO ‘would keep powers to prosecute serious fraud, but would also have new responsibilities to deter fraud before it occurs,’ adding that this office ‘would be expected to develop good practice advice on prevention in closer collaboration with the private sector’.
“In addition, the authors of the report suggest that SECO would be encouraged to embrace alternative justice mechanisms, including deferred prosecution agreements (DPA) and using larger fines.”
You can read the full article here.
The paper has also been mentioned in LondonTV, Scottish Legal News, Irish Legal News, ICLG and WiredGov.
Read the full paper Replacing the Serious Fraud Office: The case for a new approach to serious economic crime.
SHARE
