SFO merger mooted in fraud crackdown

Laura Miller
clock

The Serious Fraud Office (SFO) could be merged with a proposed National Crime Agency (NCA) as ministers target corporate corruption and fraud gangs which cost the UK £30bn a year.

  A consultation on the Home Office project, which would incorporate much of the SFO, will begin in the spring, the Financial Times reports. The Home Office has also taken over from the Treasury on the project to create a single Economic Crime Agency (ECA), according to the paper. Nick Herbert, policing minister, said he hoped this would end the “piecemeal” approach to tackling white-collar crime. The SFO merger consultation will discuss whether the ECA should be folded into the proposed NCA, and whether it should retain powers of prosecution as well as investigation. Ministe...

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

PA360: FCA's Hulme - Targeted support will 'never' replace holistic financial planning

PA360: FCA's Hulme - Targeted support will 'never' replace holistic financial planning

A ‘broader stepping stone’ to fully fledged advice

Isabel Baxter
clock 01 May 2025 • 2 min read
FCA on finfluencer financial harm: 'We need people to sit up and take action'

FCA on finfluencer financial harm: 'We need people to sit up and take action'

Treasury Committee questions regulator on the impact of finfluencers

Isabel Baxter
clock 01 May 2025 • 4 min read
FCA's data reporting cuts: 'A start but fairly low hanging fruit'

FCA's data reporting cuts: 'A start but fairly low hanging fruit'

Impact is yet to be determined but a positive step, commentators say

Isabel Baxter
clock 29 April 2025 • 4 min read