RegulationCorporate GovernanceSFO chief stands firm on consumer fraud

SFO chief stands firm on consumer fraud

New SFO director reiterates desire to get involved with consumer fraud despite several criticisms

Richard Alderman, SFO chief

Richard Alderman stands firm

The Serious Fraud Office’s new director, Richard Alderman, has reiterated his
desire to get involved with consumer fraud, despite calls to concentrate on
corporate fraud.

Former SFO director Ros Wright and forensic experts have argued that he
should focus on the high-value public interest cases of fraud and corruption.

Alderman, writing in this week’s Accountancy Age, said he is keen
for the SFO to be associated with pursuing ‘boiler-room and advance-fee frauds’.
He argues these cases should be ‘equally prominent on our radar’ and the SFO’s
skills in detection, prosecution and compensation would be valuable.

Alderman refers to his desire to build ‘closer relationships with
intermediaries such as the accountancy institutes’ to mount joint initiatives
combating fraud.

Related Articles

Corporate governance: staying ahead in accountancy

Corporate Governance Corporate governance: staying ahead in accountancy

2w Alia Shoaib, Reporter
One in 20 audit firms quit as market evolves

Audit One in 20 audit firms quit as market evolves

1y Kevin Reed, Writer
Colin: #EURef bankers a problem

Business Regulation Colin: #EURef bankers a problem

1y Taking Stock
Best Practice: Saffery Champness managing partner Rob Elliott

Accounting Firms Best Practice: Saffery Champness managing partner Rob Elliott

1y Calum Fuller, Reporter
Standard Life Investments opposes EY's appointment as Shell auditors at AGM

Accounting Firms Standard Life Investments opposes EY's appointment as Shell auditors at AGM

1y Richard Crump, Writer
PwC and Deloitte chiefs sign Remain letter

Business Regulation PwC and Deloitte chiefs sign Remain letter

1y Kevin Reed, Writer
Leader: Audit competition drives change, not necessarily quality

Accounting Firms Leader: Audit competition drives change, not necessarily quality

1y Kevin Reed, Writer
EU audit reform to open up £10bn market for firms

Accounting Firms EU audit reform to open up £10bn market for firms

1y Richard Crump, Writer