Fraud Intelligence

European Union (EU) anti-fraud agency OLAF has told Belgium-based news wires it is probing fraud and graft in the EU's €724 billion Recovery and Resilience Facility (RRF), designed to help member states' economies recover from Covid-19.

The UK Serious Fraud Office (SFO) says that it is "on track" to implement in full all Brian Altman KC's July 2022 recommendations for improvement after its failure to disclose key evidence led to the collapse of the high-profile trial against two Serco executives in April 2021.

The UK Serious Fraud Office (SFO) says that it is "on track" to implement in full all Brian Altman KC's July 2022 recommendations for improvement after its failure to disclose key evidence led to the collapse of the high-profile trial against two Serco executives in April 2021.

The new UK failure to prevent fraud offence was introduced into the Economic Crime and Corporate Transparency Bill during its progress through the House of Lords. Susannah Cogman, Elizabeth Head, Eamon McCarthy-Keen and Clara Browne of Herbert Smith Freehills analyse the latest developments, key elements of the new offence (as currently drafted), areas of ongoing debate, and some practical illustrations of the implications for companies that are planning steps they may need to take in response.