SFO GUIDANCE ON HOW COMPANIES SHOULD CO-OPERATE WITH INVESTIGATORS

The Wall Street Journal on 6th August reported that UK companies looking for lenient treatment by the economic crimes investigator now have a road map — albeit one that comes with few promises.  In its new guidance, the SFO said a company’s co-operation would be taken into account when making charging decisions.  The newspaper says that one potential area of concern for lawyers is the agency’s stance on legal privilege, the guidance reiterating the SFO’s stance that companies seeking co-operation credit should be prepared to waive legal privilege on notes documenting witness interviews.

https://www.wsj.com/articles/u-k-fraud-agency-strikes-new-tone-with-cooperation-guidance-11565128755

The SFO guidance is available at –

https://www.sfo.gov.uk/download/corporate-co-operation-guidance/?mod=article_inline#

https://www.lawgazette.co.uk/news/sfo-issues-co-operation-guidance-but-firms-still-unsure/5071261.article

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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