UK Lawyers Warn Nixing Fraud Squad Will Hurt Enforcement

Law360, London (May 18, 2017, 8:35 PM BST) -- Theresa May's promise to abolish the Serious Fraud Office if re-elected prime minister as expected next month has been roundly condemned in the legal community, with City lawyers saying the move could diminish Britain’s standing as a leading anti-corruption light on the world stage.

May's Conservative Party election manifesto published Thursday included plans to fold the enforcer into the National Crime Agency, a move that top white collar crime attorneys worry will kill off the U.K.’s only specialist fraud squad.

“This is a dreadful decision,” said...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.