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Court criticises SFO privilege over employee interview notes AL v XYZ

R (on the application of AL) v Serious Fraud Office [2018] EWHC 856 (Admin) - Let there be no confusion: first interview notes in internal investigations are rarely privileged. This is the message of the High Court in a...more

Financial crime and investigations update for UK corporates

The law and practice relating to financial crime and investigations is evolving fast. In the past 18 months we have seen two new Acts aimed at combatting financial crime (including the creation of two new corporate criminal...more

New monetary penalty regime for breach of financial sanctions

A new regime in the UK for punishing individuals or businesses that breach financial sanctions came into force on 1 April 2017. In March 2016 the Office of Financial Sanctions Implementation (OFSI) was formed, as part of...more

The Future of Deferred Prosecution Agreements

A recent settlement by the SFO with a UK company accused of bribery has resulted in the SFO being accused of suffering a “failure of nerve”. In a speech on 7 March 2017 Ben Morgan, Joint Head of Bribery and Corruption at the...more

New monetary penalty regime for breach of financial sanctions

There will soon be a new regime in place in the UK for punishing individuals or businesses that breach financial sanctions. In March 2016 the Office of Financial Sanctions Implementation (OFSI) was formed, as part of the...more

UK Enforcement Of Financial Sanctions Likely To Rise

The new UK Office of Financial Sanctions Implementation (OFSI), part of HM Treasury (HMT) opened on 31 March 2016. This may signal a shift towards more aggressive enforcement of the financial sanctions regime in the UK. ...more

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