Serious Fraud Office
SFO Annual Report and Accounts
The SFO Annual Report and Accounts for 2016-17 has been laid before Parliament today.
Statement of purpose and activities
The Serious Fraud Office (SFO) is a small independent non-ministerial Government department under the superintendence of the Attorney General. It was established by the Criminal Justice Act (CJA) 1987 and commenced operations in 1988. It is part of the UK criminal justice system covering England, Wales and Northern Ireland, but not Scotland, the Isle of Man or the Channel Islands.
The SFO’s purpose is to investigate and, where appropriate, prosecute cases of serious or complex fraud, bribery and corruption. In addition, the SFO recovers the proceeds of those crimes it investigates and assists overseas jurisdictions in their investigations into serious or complex fraud, bribery and corruption.
The SFO has unique powers under section 2 of the Criminal Justice Act 1987 to require attendance at interview or the production of information or, in certain circumstances, to apply for a warrant to enter and search premises to take possession of information. The SFO has multi-disciplinary case teams of lawyers, investigators, forensic accountants, external counsel and other experts, led by a case controller. This joint investigatory prosecutorial case-team structure is known as the ‘Roskill’ model.
Latest News from
Serious Fraud Office
Tell-Tale Signs: Your Role in Preventing Money Laundering by Flagging it Up04/01/2018 15:10:00
Serious and organised crime costs the UK an estimated £24bn a year and money laundering not only allows criminals to hide the proceeds of their crimes, but helps fund further criminal activity.
‘Phoenix’ companies fraudster sentenced to additional three years14/12/2017 15:05:00
Christopher Woodhead, the creator of ‘phoenix’ companies used to steal more than £433,000 from customers, had his default prison sentence of three years activated by the court today for failure to pay a £428,089.16 confiscation order.
Two further individuals charged in SFO’s Unaoil investigation01/12/2017 16:05:00
Yesterday the Serious Fraud Office has charged two further individuals in relation to the Unaoil investigation.
Two charged in SFO’s Unaoil investigation17/11/2017 17:02:00
Yesterday the Serious Fraud Office charged two individuals in relation to the Unaoil investigation.
Guilty pleas in the United States arising from investigations into Rolls-Royce’s former Energy Division09/11/2017 09:15:00
Three ex-employees of Rolls-Royce’s former Energy division, James Finley, Keith Barnett and Louis Zuurhout, have pleaded guilty to bribery and corruption offences in the United States District Court for the Southern District of Ohio Eastern Division.