header-logo header-logo

07 June 2024 / Satnam Tumani
Issue: 8074 / Categories: Opinion , Fraud , Criminal , Commercial
printer mail-detail

All change at the top

176270
Satnam Tumani anticipates a more focused approach to tackling financial wrongdoings

Various changes have taken place at the top of the leading white collar enforcement agencies. Nick Ephgrave was recently appointed director of the Serious Fraud Office (SFO), Therese Chambers and Steve Smart were appointed to head up the Financial Conduct Authority’s (FCA) enforcement division, and Stephen Parkinson has taken over as Director of Public Prosecutions (DPP). Following the general election on 4 July, the UK will have a new government, with Sir Keir Starmer currently in pole position to become the next prime minster.

In my experience a change of political colour at the top often leads to a change in focus for the various financial crime enforcement agencies. This dynamic may be amplified this time around by dint of three reasons.

First, Sir Keir is a former DPP. Second, there appears to be great appetite for change, albeit little appetite for spending public money in the pursuit of that change. Third, we may not have seen the

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

NLJ Career Profile: Stephen Ward, The Barrister Group

NLJ Career Profile: Stephen Ward, The Barrister Group

From mowing lawns to life at the Bar: Stephen Ward reflects on an unconventional career

Clarke Willmott—Ben Loosemore

Clarke Willmott—Ben Loosemore

Commercial property partner joins Clarke Willmott in Southampton

Ellisons—Robert Tiffen

Ellisons—Robert Tiffen

Robert Tiffen joins Ellisons as Partner in growing Norwich office

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

back-to-top-scroll