The guidance states that if a corporate self-reports and cooperates fully with investigators, it can expect to negotiate a DPA rather than face prosecution except in exceptional circumstances.
A secure reporting portal will allow firms to directly report suspected wrongdoing to the SFO’s intelligence unit.
The guidance also provides clarity on what is considered genuine cooperation as well as uncooperative conduct.
✅ Firms should ensure their mechanisms for escalating suspected fraud are robust, enabling rapid responses that take full advantage of the new self-reporting benefits outlined by the SFO.
💡 Plenitude’s Fraud Prevention Services conduct independent assessments, helping clients to improve fraud detection rates, improve customer experience, and reduce fraud losses. Visit our website for more information: https://www.plenitudeconsulting.com/services/fraud-prevention-services
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