The Serious Fraud Office’s (SFO) new Director Lisa Osofsky chose a speech in her native United States to outline her aims for the organisation she now heads.
She has made it clear that she is open to the idea of the SFO making greater use of the practice of “flipping witnesses’’ – persuading suspects or defendants to provide evidence against others in exchange for lenient treatment. But she also emphasised that any companies hoping for lenient treatment will only receive it if they offer the SFO full and genuine cooperation.
Rahman Ravelli’s Aziz Rahman recently shared his thoughts with The Times assessing the Director’s statements and their implications for business. The full article can be read here (subscription required).