25
Jan
Jan
The SFO encourages companies to inform it if they uncover allegations of overseas corruption within their firm in return for it taking a more lenient approach to the issue.
Guidance the SFO has issued on self-referrals states that firms that own up to potential corrupt practices are responsible for investigating their own matters “where possible”. Companies that do not self-report are more likely to be subject to the SFO’s own criminal investigation, according to the guidance.
SFO Director Richard Alderman said that organisations that have genuinely tried to uncover information as part of their investigations will not be deemed to have been uncooperative if they failed to do so.