Investigators, lawyers and pressure groups have warned contentious reforms
mooted by Richard Alderman, newly appointed
Serious Fraud Office (SFO)
director, could threaten the fight against corporate financial crime.
According to one leading defence lawyer ‘the SFO is on a government-directed
path to destruction’, the Financial Times reports.
Fraud experts across the spectrum of prosecution and defence said they were
concerned the reforms would restrict the number of criminal cases the agency
brought against big companies and senior executives.
The criticisms are highlighted in a letter to Alderman this week by four
pressure groups, reflecting growing tensions in the area of financial criminal
law since the arrival in April of Alderman, a top tax investigator, who
previously had a low profile in the field of fraud and corruption.
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team