UK SFO CHIEF CALLS FOR FAILURE TO PREVENT AND TIPPING OFF FRAUD TO BE CRIMES

The director of the UK Serious Fraud Office (SFO), Lisa Osofsky, has called for the introduction of new British offences criminalising failures to prevent fraud and tip off law enforcement about such crimes. In an October 8 speech on ‘Future Challenges in Economic Crime: A View from the SFO’ at the Royal United Services Institute (RUSI) in London, Osofsky ran through her “wish list for the SFO, if I had a magic wand”. Having a “failure to prevent” offence “still tops it,” and the need was even “more acute” with the Barclays Qatar judgment ...


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