Government considers merging SFO into new National Crime Agency
The Serious Fraud Office (SFO) could become part of an FBI-style National Crime Agency (NCA) as part of the coalition Government's efforts to confront fraud costing the UK £30bn every year. It had been expected that the Government's shake-up of UK financial regulation would see the SFO disbanded in favour of a new Economic Crime Agency (ECA). Home Office policing minister Nick Herbert, who earlier this year took over the job of creating the ECA from the Treasury, is set to launch a long-awaited consultation in the spring on what the ECA should look like and how it will operate.
The Serious Fraud Office (SFO) could become part of an FBI-style National Crime Agency (NCA) as part of the coalition Government’s efforts to confront fraud costing the UK £30bn every year.
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