Spotlight On SFO: Prosecuting In The Regulator's Shadow

Law360, New York (December 18, 2014, 7:59 AM EST) -- Since the financial crisis, the spotlight has not just been on those that are regulated but on the regulators and prosecutors themselves. The U.K.'s Serious Fraud Office (SFO), with a number of high profile fails, has been under particular scrutiny with questions being raised about its effectiveness and the proper use of public funds to pursue prosecutions that collapse or end unsuccessfully. The director of the SFO, David Green, recently gave a speech at the Cambridge Symposium on Economic Crime that highlighted the current workload of the SFO and provided a robust justification for the SFO's work, the focus of which is to investigate high-end, complex fraud and to bring criminal prosecutions....

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