SFO BUDGET CUTS COULD SCUPPER UK FIGHT AGAINST BRIBERY, OECD SAYS

Ongoing concerns about underfunding and even the future abolition of the Serious Fraud Office (SFO) could hamper the UK’s fight against bribery, according to the latest assessment report from the Organisation for Economic Cooperation and Development (OECD) working group on bribery. The report calls on the UK “to maintain the role of the SFO in foreign bribery cases,” and warns: “The persistent uncertainty about the SFO’s existence and budget is harmful, especially given the SFO’s prioritisation of foreign bribery cases and its demonstrated expertise ...


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