A post on FCPA Blog on 15th July is concerned with a DPA is between the SFO and Serco Geografix Limited (SGL), a subsidiary of Serco Group PLC, and relates to fraud and false accounting offences. It points out that this is the first DPA containing substantial undertakings by a parent company in relation to one of its subsidiaries. Undertakings include reinforcing the compliance programs of Serco Group PLC’s subsidiaries in relation to fraud and bribery as well as reporting of future material issues – hence the undertakings go beyond the offences to which the DPA relates.
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