Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      The next person to shop your store may not be a person at all

      AI shopping agents are rewriting the rules of online retail across North America

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Cohere's Aidan Gomez bets the house on 'sovereign AI' with Aleph Alpha merger valuing the group at $20bn

      Cohere CEO Aidan Gomez on stage discussing the Toronto AI lab's strategy

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Moonvalley's Naeem Talukdar is selling Hollywood the one thing rival AI video tools cannot: legal cover

      Moonvalley's Marey AI video model produces Hollywood-grade footage trained on licensed data

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Tuesday 24 May 2016 12:01 am

Fraud squad governance much improved since David Green’s appointment, finds report

By: Hayley Kirton

Add as a preferred source on Google

Governance at the Serious Fraud Office (SFO) has improved significantly since the appointment of David Green as director, a report out today has found.

The HM Crown Prosecution Service Inspectorate report discovered that the fraud squad had achieved a fundamental shift in its leadership over the last four years.

In particular, the report praises the agency for turning around staff morale, improving engagement with stakeholders and developing more effective quality control and risk assessment measures.

"SFO cases are complex, lengthy and difficult, with huge amounts of information to analyse and there are often multiple paths that could be taken," noted chief inspector of HM Crown Prosecution Service Inspectorate Kevin McGinty. "The current director recognised that challenge to the decision making processes is vital and built this function into the organisation’s structure."

Read more: The Serious Fraud Office has got its mojo back

However, the report highlighted a few areas where the SFO could improve, such as improving awareness of value for money, particularly in reference to blockbuster funding, considering appointing a chief executive and improving reporting lines between committees and the board.

McGinty continued: "Serious consideration should…be given to pursuing a change to the funding model in order to provide better value for money.

"While blockbuster funding has allowed the SFO to pursue cases it would not otherwise have had the resources to take on, increasing core funding would provide the SFO with the ability to build more capacity and capability in-house."

Read more: The SFO must encourage self-reporting if it's to survive

David Green, director of the SFO, said: "I welcome this helpful and positive report on the governance of the SFO. I am pleased that the progress we have made since April 2012 [when Green was appointed] is recognised.

“The Inspectorate’s recommendations for further potential reform are already being carefully considered – these include the recommendation to appoint a chief executive/operating chief, changing the structure of the management board and giving new consideration to our funding model.”

Green had his contract for his role extended until 2018 earlier this year, having been originally due to step away from the job in April.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Legal

Trending Articles

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • London Tech Week sums up everything wrong with UK tech

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • Inflation expectations at record high in interest rates signal

More from CityAM

  • ZayZoon, the Calgary fintech born on a fishing boat, posts 1,487% growth as earned wage access goes mainstream

    ZayZoon co-founder Tate Hackert built the Calgary fintech around earned wage access
  • Botpress raises $25m as Quebec's Sylvain Perron pitches his startup as the 'infrastructure layer' for AI agents

    Botpress product UI: the Quebec startup pitches itself as the infrastructure layer for enterprise AI agents
  • FluidAI wins US FDA clearance for its surgical monitor as Waterloo's Youssef Helwa targets 100,000 operations

    FluidAI's Origin surgical monitor wins FDA clearance for use in US hospitals
  • ‘Unnecessary bureaucratic hoops’: Pension savers fall victim to outdated scam safeguards

    Personal Finance
    Twenty lower league football clubs in the UK have fallen into arrears to the HM Revenue & Customs (HMRC), according to chartered accountants and business advisers Lubbock Fine.
  • Jette Nygaard-Andersen Joins LivaNova Board as a New Director

    Business Wire
  • European Firms Turn to Midsize Engineering Partners

    Business Wire
  • Government aid ‘worth £28bn’ handed to terrorists, criminals and hostile states

    Politics
    Whitehall and Westminster
  • Chargebacks911, acceptcards Partner to Strengthen Chargeback Prevention for UK Merchants

    Business Wire
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited