Author: Azizur Rahman 24 September 2019
In August the SFO produced new guidelines which contains a non-exhaustive list of the ways companies can cooperate with the prosecution agency. While the move by Osofsky is in stark contrast with that of her predecessor, David Green. Rahman Ravelli's Aziz Rahman was quoted in Legal 500's fivehundred magazine:
Osofsky's call for greater global cooperation in the fight against fraud was "Both worth while and necessary - especially in today's digital age - we still seem to lack real detail about the investigative efforts of the SFO."
"Other jurisdictions will surely expect cooperation from the SFO to include the products of its own investigations - not just that provided to the SFO from those it may or may not choose to prosecute"
"The SFO wants cooperation to be the norm. But cooperation is a two-way process. And that means the SFO has to now show it can produce its own goods rather than rely on the efforts of others."
"Given the much-anticipated recent guidance issued by the SFO on corporate cooperation, cynics might query whether the SFO is truly confident in its own investigative abilities. This has to be considered an issue in light of the numerous, high-profile failings that have hung heavily on the shoulders of Ms Osofsky in her first year."
The full article can be read here. (Page 46)
Aziz Rahman is Senior Partner at Rahman Ravelli and its founder. His ability to coordinate national, international and multi-agency defences has led to success in some of the most significant corporate crime cases of this century and top rankings in international legal guides. He is recognised worldwide as one of the most capable legal experts regarding top-level, high-value commercial and financial disputes.