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A Happy New Year for the SFO?

The Serious Fraud Office (“SFO”) will wave goodbye to 2015 with a few triumphs under its belt, but what will 2016 bring for David Green? 2015 was a year of “firsts” for the SFO: Tom Hayes was the first person to be tried for the manipulation of Libor. He was sentenced in August to 14 […]

New York’s Focus on Cybersecurity Likely to Increase Compliance Requirements

On November 9, 2015, New York’s top financial regulator, Anthony J. Albanese, Acting Superintendent of Financial Services for the New York State Department of Financial Services (“NYDFS”), issued a letter that outlined increased “cyber security defenses within the financial sector.”  The letter seeks proposals, collaboration and “ultimately, regulatory convergence” on “new, strong cyber security standards […]

First DPA in the UK

On Monday, 30 November 2015, the High Court Judge, Lord Justice Leveson handed down the first ever approval of a Deferred Prosecution Agreement (“DPA“) following a three-year investigation conducted by the Serious Fraud Office (“SFO“) after London ICBC Standard Bank admitted failure to prevent bribery under Section 7 of the Bribery Act. The case relates […]