The UK's Serious Fraud Office (SFO) has published a new chapter in its internal Operational Handbook, which offers guidance on the SFO's approach to Deferred Prosecution Agreements (DPAs).
DPAs were first introduced in the UK in 2014 as an alternative to prosecution for certain criminal offenses.
The Guidance sets out a number of non-exhaustive factors that the SFO will consider in determining whether a DPA is appropriate.
In particular, companies seeking DPAs from the SFO should take into account that self-reporting, co-operation, and good corporate governance will be key considerations for the SFO.
For further information about the guidance, please click here.
In a statement alongside the Guidance, the SFO’s Director, Lisa Osofsky, remarked, “Over the past six years, we at the SFO have been developing our approach to negotiating and entering into DPAs, and in turn, establishing best practice. Publishing this guidance will provide further transparency on what we expect from companies looking to co-operate with us.”