The Serious Fraud Office

Fraud has become a big concern in England and Wales today and as a result, the Serious Fraud Office (SFO) was set up. This was set up in 1987 which is a non ministerial department of the Government of the UK. There are many reasons why you may have contact with the Serious Fraud office and it is important that you have legal advice from fraud specialist solicitors. The Serious Fraud Office’s role is to investigate allegations of serious and complex fraud cases. Furthermore cases of bribery or corruption are dealt with by Serious Fraud Solicitors.

Once they have been able to prove a case they will then prosecute those involved. So they are always looking to secure a conviction and also to recover any proceeds of crime. The SFO has classified each type of fraud so it is easier to understand how fraud can impact you or your business. Fraud can occur:

  • As an individual
  • In your business
  • Involved in a charity
  • In the public sector
  • Against the treasury
  • On the market as a whole

Most types of fraud are dealt with by the police. However the SFO gets involved when it is satisfied that there is a large scale loss or potential loss. Furthermore that there will be an impact on the economy. Also that the reputation of our country will be adversely affected or there are sufficient legal complexities to warrant their involvement. The SFO works closely with a number of other agencies. But does not work directly with the victims of serious fraud. Often these lengthy cases take so much time so people are released under investigation.

Complex Fraud

Their role is to carry out the investigations which are serious, complex and which could be damaging to the country as a whole. This can include bribery, kickbacks, corporate spying, commissions or fees, extortion or illegal gratuities. This does include any cases involving other countries overseas. If you become aware of your organisation’s actions and you believe they are operating fraudulently. Or are in fact offer bribes or acting corruptly in certain circumstances, then you can self-report. The SFO may offer some opportunities to avoid prosecution in these circumstances. However you should probably obtain clear and specialist legal advice first.

Fraud Resources

Ashmans Fraud And Financial Solicitors

If you would like to know more about how we can help you if you are caught up in a SFO investigation. Contact us now on 0333 009 6275. We are fraud specialist solicitors who can help you. Alternatively, if you would prefer to get in touch online you can email us on enquiries@ashmanssolicitors.com. Or complete our Free Online Enquiry and we’ll be in touch shortly. Please note: This article does not constitute legal advice and you should talk to an experienced solicitor about your particular situation. What is the insurance fraud punishment?