Crime and Policing

Detectives have begun contacting 70,000 people suspected of being victims of a sophisticated banking scam.

https://www.bbc.co.uk/news/uk-63736573

Lisa Osofsky is set to leave her position as director of the UK’s Serious Fraud Office (SFO) in August 2023 after completing a five-year stint at the fraud investigation agency.

https://www.cityam.com/lisa-osofsky-to-step-down-as-sfo-director-in-august-2023/

Despite the recent turmoil in Westminster, the ongoing drive to tackle financial wrongdoing in the UK shows no signs of slowing down.

https://www.ftadviser.com/opinion/2022/11/02/sfo-reform-won-t-make-a-difference-without-better-resources/

LONDON (Reuters) - The UK Serious Fraud Office (SFO) is investigating a small number of COVID-related fraud cases, although director Lisa Osofsky cautioned on Wednesday that the inquiries were at an early stage.

https://uk.sports.yahoo.com/news/uk-fraud-office-investigates-covid-173130047.html

Prioritising traditional forms of crime has left the justice system ill-equipped to deal with continuing rise in fraud, the Justice Committee has found.

https://www.policeprofessional.com/news/justice-response-inadequate-to-meet-scale-of-fraud-epidemic/

New Economic Crime Bill includes plans to expand SFO’s investigative powers

https://www.sfo.gov.uk/2022/09/22/new-economic-crime-bill-includes-plans-to-expand-sfos-investigative-powers/

National Crime Agency officers have supported a major international investigation which has seen a suspected money launderer for the Kinahan organised crime network arrested in Spain.

https://nationalcrimeagency.gov.uk/news/alleged-money-man-for-kinahan-organised-crime-network-arrested

THE UK’s Serious Fraud Office (SFO) is pushing for the UK’s current disclosure framework to be reformed and brought into the 21st century, City A.M. has learned.

https://www.cityam.com/serious-fraud-office-to-call-for-overhaul-of-disclosure-regime-following-trial-issues/

Later today we will know who has won the Conservative Party leadership election and, in turn, welcome a new prime minister. Immediately there will be many priorities the new administration will have to address as the UK faces major economic, social and environmental challenges.

https://www.cityam.com/economic-fraudsters-are-shapeshifters-who-adapt-their-crime-to-fit-the-tech-or-the-crisis/

The much-anticipated reports by Sir David Calvert-Smith and Brian Altman QC into failings at the Serious Fraud Office (SFO) in their Unaoil and Serco investigations were published on 21 July. As Lisa Osofsky, Director of the SFO said on their publication the reports "are a sobering read".

https://www.mondaq.com/uk/white-collar-crime-anticorruption-fraud/1223612/distrust-bias-and-incompetence-at-the-sfo