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
Compensation update in Arck LLP07/09/2017 16:25:00
Following the confiscation orders handed down to Richard Clay and Kathryn Clark in the Arck property investment scheme in June last year and subsequent enforcement action, the SFO has now secured over £500,000 in compensation.
Alun Milford on Deferred Prosecution Agreements06/09/2017 11:05:00
Alun Milford, General Counsel, yesterday gave a speech at the Cambridge Symposium on Economic Crime 2017, Jesus College, Cambridge.
Cambridge Symposium 201704/09/2017 11:20:00
David Green CB QC, Director, yesterday gave a statement at the Cambridge Symposium on Economic Crime 2017, Jesus College, Cambridge.
SFO investigating British American Tobacco p.l.c01/08/2017 15:10:00
The SFO confirms it is investigating suspicions of corruption in the conduct of business by BAT p.l.c, its subsidiaries and associated persons.