UK Considers Overhaul Of White Collar Enforcement

Law360, New York (January 20, 2011, 7:02 PM EST) -- The British government is reportedly considering merging the U.K. Serious Fraud Office with other federal agencies to overhaul the government's system for responding to corporate fraud.

The resulting entity could centralize the government's mechanism for dealing with white collar crime, a problem that costs the country more than £30 billion ($47.7 billion) annually, the United Kingdom's Telegraph reported Tuesday.

Ministers in the U.K.'s Home Office, the agency in charge of domestic security, are considering multiple options for the embodiment of the new agency, the Telegraph reported....
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