SFO Wraps Up First Deferred Prosecution Agreement

Law360, London (November 30, 2018, 5:14 PM GMT) -- The Serious Fraud Office said Friday that it has wrapped up its first deferred prosecution agreement linked to bribery charges after ICBC Standard Bank PLC fulfilled the terms of the deal, including paying $26 million in fines.

The bank entered into the U.K.'s first ever DPA — which meant the lender escaped prosecution in return for a financial penalty and the implementation of compliance measures — in November 2015 after admitting failures to prevent former employees from bribing officials in Tanzania.

The SFO said Friday that Standard Bank, which changed its name to ICBC Standard Bank following its acquisition by China's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!