SFO conviction rate tops 90%

Laura Miller
clock

The Serious Fraud Office (SFO) has increased its conviction rate in cases brought before the courts to more than 90%.

The rate, measured as defendants convicted over the number tried, has risen to 91% for 2009/10, up from 78% the previous year. Elsewhere fines against companies charged with acting fraudulently, which stood at zero in 2008/09, amounted to nearly £12m this year. The agency has managed to seize nearly a quarter of a million pounds in cash since November 2009, using new powers to be able to carry out searches for cash and retain the money as an investigation continues. Approximately £4m was paid out in direct compensation in 2009/10, up from "significantly" less than £1m the year be...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

News editor's view: FCA continues to bring the heat 

News editor's view: FCA continues to bring the heat 

The news editor's Friday Night Takeaway from 3 July

Isabel Baxter
clock 03 July 2026 • 3 min read
FCA urges firms to improve legacy pension value despite historic advice

FCA urges firms to improve legacy pension value despite historic advice

Individuals holding legacy products receiving poorer value, regulator finds

Isabel Baxter
clock 02 July 2026 • 3 min read
FCA reveals 13 firms applied for targeted support authorisation

FCA reveals 13 firms applied for targeted support authorisation

Up from seven in March

Sophia Panayi
clock 01 July 2026 • 2 min read