UK’S GROUNDBREAKING FIRST DPA SUCCESSFULLY ENDS
December 1st, 2018
The UK’s first deferred prosecution agreement (DPA) that the Serious Fraud Office (SFO) struck with Standard Bank in 2015, ended successfully on November 30, in a milestone moment for the British criminal justice system. The SFO said that Standard Bank had “fully complied with” the terms of the DPA, including covering SFO costs of GBP330,000 (USD382,135) and in May 2016 paying USD16.8 million in fines, USD8.4 million in disgorgement of profits, and USD6 million in compensation plus USD1,046,196.58 in interest to the government of Tanzania. The DPA further ...
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