An article in Fire & Security Magazine on 11 September is concerned with FoI requests sent to the SFO by solicitors Rahman Ravelli appear to support the argument that self-reporting bribery and corruption concerns can bring benefits. It says that just 2 companies that self-reported their bribery and corruption concerns in the last 10 years went on to be prosecuted by the SFO.  Every other company that self-reported such concerns in the period from 1 October 2009 to 30 September 2019 either gained a deferred prosecution agreement (DPA) or faced no action at all.  Self-reporting is a way of addressing the situation and showing the SFO that there’s a willingness to put right the wrongs.

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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