Trans-National Criminal Justice Assignment

Understanding the Role of the Serious Fraud Office (SFO) in Combatting Corporate Fraud

  • 54000+ Project Delivered
  • 500+ Experts 24x7 Online Help
  • No AI Generated Content
GET 35% OFF + EXTRA 10% OFF
- +
35% Off
£ 6.69
Estimated Cost
£ 4.35
14 Pages 3582Words

Trans-National Criminal Justice Assignment

Issue

The major issue is the increasing rates of complex fraud as well as the increasing rates of correction and bribery. Corruption creates a negative impact on the impact of a safe country and the county is constantly approaching safeguarding. These issues are increasing daily, such as employees and many organizations paying adequate taxation in the country. The higher rates of corruption in the country are a huge concern as the way the financial flow of a nation becomes decorated and creates many problems for the social welfare of the community[1]. Higher rates of corruption influence financial loss as well as disrupt the flow of money and effective rules and ethical consideration as it deterioration to worker morale, creates damage to the institution's reputation, organizational fixation[2]. resources shifted away from offering core company and favors to the precinct as well higher rates of corruption is an issue for the risen scrutiny, negligence of regulation causes a breakdown in the process.

Trust New Assignment Help for unparalleled academic assistance. With our online assignment help in the UK, students receive personalized support and guidance from experienced professionals. Explore our Free Assignment Samples to access a wealth of knowledge and elevate your academic performance.

The central issue of crime is caused by the wastage of money for the development of the country's wasted taxation, taxpayer funds, loss of interests and benefits, and the misusing of government benefits are required to be resolved to acquire a wealthy and prosperous country. Corruption creates an unsafe place for people to process terms of a satisfactory job and a healthy life. The cases of bribe in the offices are an office as it creates a negative atmosphere in the workplace and ruins the prospect of position.

Rule

SFO receives data on possible illegal activity from a combination of references, including whistleblowers, targets, other law enforcement tools, media, and companies in the contest with the organization. Diverse data gained from different sources and the process begins with the approach of adequate investigation. This knowledge is explored and the possibility for the alleged move to evolve the topic of a criminal probe is levied by the diverse aspects and forces in the Intelligence Unit, a squad of intelligence investigators, attorneys, accredited economic intelligence officials, judges, and detectives are involved in this produces to understand the entire case to assure the recovery of corruption or top stop the increasing rates of rates in the country[3]. This approach is not limited or restricted, any members involved in correct is under the law and they are unbearable to the investigation members.

The Intelligence Unit proceeds with its investigation, each rule is filled by the intelligence tool, and the stop pg law is implemented throughout the entire process. Investors do not rush only for the data they approach by mating the [proper rules and regulations in analysis and proactively creating information. The team has special pre-investigation capabilities available underneath "Section 2A of the Criminal Justice Act 1987 "that are utilized to help decide whether to start an experiment where it seems bribery and crime may have accepted establishment.

The Director takes the adequate case for criminal research after the subject is presented and the claim is true that the further process begins for review, it meets the Declaration of Principle if it believes there are good grounds to question serious or involved fraud. This legal acceptance of a scam matter for prohibited investigation permits the SFO to operate its investigatory controls as "Section 2 powers" as they are set out in Section 2 of the Criminal Justice Act 1987"to follow it. These forces are operated in consideration of imitation; they can take a pre-investigation phase in terms of bribery and lawlessness cases.

The SFO probes and charge in cases of severe or complex deception, bribery, and crime. "Section 2A pre-investigative" forces will not be restricted to presumed cases of global bribery and lawlessness. This development will permit the SFO to make individuals and organizations deliver knowledge at the" pre-investigation set in all SFO cases" as it is allowing it to produce its assignment to attack serious economic crime, to provide justice for sufferers, and to save the UK’s prominence as a secure place to do enterprise.

The SFOs are a costly approach to investigative capabilities delivered by" section 2 of the Criminal Justice Act 1987" and it is employed to make individuals or groups deliver information[4]. These strengths are comprehended as "section 2 powers" and it is used to follow the SFO to achieve a nation free from corruption these acts and rules help the country to gain better scrounging[5]. The Director's determination to initiate an experiment with the suspired crime, the law helps them to proceed with their aspects as a result it helps to save the country's highest number of farad and the bribe. in the year 2008, adequate difficulties are observed in the complications encountered by the SFO in collecting information regarding questioned cases of global bribery and deterioration, the SFO has presented entry to "section 2 powers" at the" pre-investigation stage". It is essential for the amendment to the current powers understand as "section 2A". this law helps in creating a better conclusion of the investigation and helps in constructing a healthy nation free from corruption and assuring a safe and sound atmosphere for the thereafter "amended of Bribery Act 2010" was modified to supposed points of global bribery and deterioration. It is incalculable in providing justice regarding questioned bribery and deterioration.

The development of "section 2A powers to all SFO cases" creates part of the administration's strategy to fight economic immorality, including fraud. The attachment will provide the claims of justice that are sufficiently served as findings on complicated fraud circumstances it helps the organization to grow in the market as well as helps in gaining a better atmosphere for development. To research and charge criminal claims, the SFO seeks to rescue the profits of corruption so that fraudsters are not able to denigrate and sufferers gain adequate justice. Utilizing the controls in the Payoffs of "Crime Act 2002" by Moving out appropriation experiments and aspiring confiscation rankings against those condemned in cases[6]. It also focuses on Pursuing civil recuperation "orders in the High Court" regarding effects that describe the payoffs of criminal behavior.

Applications

Corporate fraud can consist of illegal, deceptive and unethical actions committed by individuals and companies. Schemes of corporate fraud can be associated with extremely complex situations that can be difficult to identify. It can take a forensic accounts office months to unravel schemes of corporate fraud. Top executives can be associated with corporate frauds that can extend the sacral of fraud to a billion[7]. In corporate fraud, victims can be clients, investors, other companies and clients. Discovering fraud can lead to the clearance of bankruptcy of the company. Several reasons are associated with corporate fraud. The major reason behind corporate fraud is desired and perceived need for retaining and attracting investors and hide defects and the problem of the company's products.

Corporate fraud occurs sue for the same reason as any other fraud scheme which is greed. Amid the highly competitive environment of the international business environment, there can be some other reasons. Many schemes of corporate fraud can be associated with fraudulent schemes of accounting that can lead to increased profitability of companies. The impetus behind this type of scheme can be retaining and attracting investors. Other reasons behind corporate fraud can be defects and problems in the products of the company. Therefore, companies can do fraud to ide issues in the products of the company[8]. Some recent frauds in corporate environments were attempted to side specific dangers and side effects of certain medications that were sold and manufactured. Government authorities for maintaining regularity like the SFO of the United Kingdom can be trying to detect, punish and prevent corporate fraud. Fraud can go undetected for several years before authorities can have opportunities. In case, the guilty company can be private this can hide their final records and prevent disclosure from the public. SFO is one of the jurisdictions in Wales, Ireland and England[9]. It can be seen as a provision that can play within jurisdictions. SFO was imported to make a suspected offence and investigate compare and serious fraud. There are several factors associated with the director of SFO that can be taken into account with fraud in the corporate environment that can be done by companies and individuals based on their role in the company.

SFO ("Serious Fraud Office") was developed for the enactment of the "Criminal Justice Act 1987". SFO can be seen as a non-Ministerial Department of Government that deals with activities associated with the superintendence of the general attorney. SFO is not annoyed with political interfaces for conducting its duties. The attorney general's role can be challenging to describe due to specific reasons. The Attorney general can be associated with parliament for work and is required to explain the justification of decisions in a frequent and quite correct manner[10]. In politically sensitive situations, Attorney generally does not have any sought that can affect direct and indirect decisions. The government department has been developed by stature to SFI can be very strict that limited toward those matters offering in founding length. "Act of Criminal Justice 1987" section 1 (3) states that Director can be suspected and investigate an offence that can approach the reasonable situation to him to the involvement of complex and serious fraud[11]. In addition, there is no particular definition of complex and serious fraud. Therefore, SFOs need to develop their very own point of view to deal with the phrase "complex and serious fraud". Section 1 (5), states that the institute can conduct criminal processing related to fraud and can take over investigating this proceeding at any stage.

The director of SFO can be empowered to prosecute and investigate fraud and complex frauds. SFO can be seen as a unique organisation based on context for agencies of law enforcement within Northern Ireland, Wales and England. Scotland can be excluded due to the radical differences in the legal system in Scotland from the parts of the United Kingdom[12]. It can b helpful for explaining content that SFO was developed to enforce of law in general situations that need to be concerned by the UK government for development. These are overdue trial committees that can reference the public's concern through the effectiveness of several methods to combat serious fraud in a commercial context that can lead to committee development. Concerns can be deleted and involvement in the investigation can be highlighted. Major company collapse can be assorted with industry and trade that can appoint specific inspectors based on the Companies Act[13]. These inspectors can be respected barristers' experts in accountancy and gain a large amount of experience in accountancy practices.

During conducting inquiries, the inspector can decide suspected frame and based on the suspect report cannot be immediately published and can be referred to for investigation by the Police. The referral; can be helpful for police to commence nearly two years after the occurrence of the incident questioning for the reason painstaking nature. Police can commence requirements of criminals that can cover wide and same groups that need over for last three or two years. After completion o police enquiries, the case can be triggered to the prosecutors based on evidence from the police[14]. Then, prosecutors can decide appropriate charges for criminals. This can be helpful to take charges based on evidence that can lead police forward toward additional inquiries. The task can be extremely difficult due to incontinence and faded memories of witnesses. These types of cases can be resulted in acquittals and can be led by a jury through a judge's instruction due to failed evidence to reaching toward the required standard. In the case of England, there is a need for throw stands that need to be maintained during trials. First, the judge needs to be satisfied with evidence that can be directed to the safe convict. Evidence needs to be heard and the second standard can be the satisfaction of the jury based on the defendant committing the crime that he tried. SFO has been able to devise a new entire computer system that improved and refined working practices[15]. It can allow SFO to proceed from the commencement of the investigation of the trial verdict with the use of IT tools set.

There can n new intrinsic that can lead to greater use of documents and images compared to documents. Development of computer systems is associated with offering an end-to-end system that complies with the requirements of the legislation to investigate cases in Wales and England. It can be beneficial for investigators of SFO to increase their flexibility to the maximum level that provides tools for investigating and facilitating. It can reduce the length of an investigation by 25% by use of the system [16]. Other major responsibilities of SFO are to maintain and developed greater working regulators and relations. It can be seen as a crucial part of duties for coordinating regulating for ensuing complimentary practice to undertake respective duties. To achieve the development of greater working regulators and relations, SFO needs to meet with regulators of the UK for discussing concerns and interest areas for seeking greater ways to improve relationships. Additionally, SFOs can participate in sharing information arguments by making and trying to ensure wring with the best information available. SFO can work for acquiring a reputation to prosecute with fairness, high standards and integrity. The conditions rate of SFO is good which is around 70% and 76% in the last four and five years[17]. In prosecution, it can involve various defendants that can secure convictions against one defendant in around 83% of fraud cases. Statistics can be poor for judging the quality of authority. The Aim of SFO can be to improve conditions in terms of speed and quality that can solve cases before going to court.

Conclusion

The study concluded that SFO plays a major role in detecting, identifying and investing in serious cases of fraud in the corporate industry of England, Wales and other Ireland. In addition, SFO authorisation can be limited to inviting funds assorted with companies under the Companies Act. Investigation can be done by SFO by considering separation from normal inventing into company affairs. SFO can fall under the jurisdiction of the Corporate Affairs Ministry. SFOs can be involved in fraud porches that can be associated with companies and employees. It can coordinate with the department of income tax for the investigation of fraud. The government of the UK has continued recently a high-level panel to prepare a manual for an investigation that can be helpful for SFO. Recent issues orders of ministry of corporate affairs.

The committee can devise a manual to perform effective probes and investigations against the crime of white collars. SFO contains an ID ("Intelligence Division") referee received in 2019 that is related to potential fraud of investment, Investors can be encouraged through the deposit of money in the investment of property. This is one of the fraud scenes that can encourage investors to deposit money in shame with high profitable returns. The collapse scheme of companies can be associated with the fall of a million power owed to investors. Administration needs to steppe for manage assets and property that can be possessions of martial. Administration can be reluctant for handing over without providing compulsory notice and formal agreement.

References

Aplin R, “Police Discretion, Pragmatism and Crime ‘Deconstruction’: Police Doorstep Crime Investigations in England and Wales” (2021) 32 Policing and Society 451

Belhabib D and Le Billon P, “Editorial: Illegal Fishing as a Trans-National Crime” (2020) 7 Frontiers in Marine Science

Boon A and Whyte A, “‘Trusted to the Ends of the Earth?’ an Analysis of Solicitors’ Disciplinary Processes in England and Wales from 1994 to 2015” (2021) 28 International Journal of the Legal Profession 129

Bossler AM and others, “Policing Fraud in England and Wales: Examining Constables’ and Sergeants’ Online Fraud Preparedness” (2019) 33 Security Journal 311

Button M, “Hiding behind the Veil of Action Fraud: The Police Response to Economic Crime in England and Wales and Evaluating the Case for Regionalization or a National Economic Crime Agency” (2021) 15 Policing: A Journal of Policy and Practice 1758

Chapsos I and Hamilton S, “Illegal Fishing and Fisheries Crime as a Transnational Organized Crime in Indonesia” (2018) 22 Trends in Organized Crime 255

du Plessis A and others, “Laboratory X-Ray Micro-Computed Tomography: A User Guideline for Biological Samples” (2019) 6 GigaScience

Hayes KM, “System of Justice: An Introduction to the Criminal Justice System in England and Wales” (1986) 14 Journal of Criminal Justice 98

Iu KY and Wong VM-Y, “The Trans-National Cybercrime Court: Towards a New Harmonisation of Cyber Law Regime in ASEAN” [2022] SSRN Electronic Journal

Kane E and Minson S, “Analysing the Impact of Being a Sole or Primary Carer for Dependent Relatives on the Sentencing of Women in the Crown Court, England and Wales” [2022] Criminology & Criminal Justice 174889582210874

Kassem R and Turksen U, “Role of Public Auditors in Fraud Detection: A Critical Review” [2021] Contemporary Issues in Public Sector Accounting and Auditing 33

Palmer N, “Transnational Legal Orders of Criminal Justice. by Gregory Shaffer and Ely Aaronson. Cambridge, UK: Cambridge University Press, 2020. Pp. XVI, 394. Index.” (2021) 115 American Journal of International Law 772

Sausdal D and Lohne K, “Theatrics of Transnational Criminal Justice: Ethnographies of Penality in a Global Age” (2021) 25 Theoretical Criminology 361

Shepherd D, “DIY Fraud Investigation and Access to Justice: A Case Study” (2020) 15 Policing: A Journal of Policy and Practice 2165

Sparks R, “Crime and Justice Research: The Current Landscape and Future Possibilities” (2020) 20 Criminology & Criminal Justice 471

Zeitoun M and others, “A ‘Justice’ Reading of the Trans-National Struggle of the People Displaced by the Merowe Dam” (2019) 24 Local Environment 129

[1] Bossler AM and others, “Policing Fraud in England and Wales: Examining Constables’ and Sergeants’ Online Fraud Preparedness” (2019) 33 Security Journal 311

[2] Button M, “Hiding behind the Veil of Action Fraud: The Police Response to Economic Crime in England and Wales and Evaluating the Case for Regionalization or a National Economic Crime Agency” (2021) 15 Policing: A Journal of Policy and Practice 1758

[3] Hayes KM, “System of Justice: An Introduction to the Criminal Justice System in England and Wales” (1986) 14 Journal of Criminal Justice 98

[4] Kane E and Minson S, “Analysing the Impact of Being a Sole or Primary Carer for Dependent Relatives on the Sentencing of Women in the Crown Court, England and Wales” [2022] Criminology & Criminal Justice 174889582210874

[5] Kassem R and Turksen U, “Role of Public Auditors in Fraud Detection: A Critical Review” [2021] Contemporary Issues in Public Sector Accounting and Auditing 33

[6] Boon A and Whyte A, “‘Trusted to the Ends of the Earth?’ an Analysis of Solicitors’ Disciplinary Processes in England and Wales from 1994 to 2015” (2021) 28 International Journal of the Legal Profession 129

[7] Aplin R, “Police Discretion, Pragmatism and Crime ‘Deconstruction’: Police Doorstep Crime Investigations in England and Wales” (2021) 32 Policing and Society 451

[8] Belhabib D and Le Billon P, “Editorial: Illegal Fishing as a Trans-National Crime” (2020) 7 Frontiers in Marine Science

[9] Bossler AM and others, “Policing Fraud in England and Wales: Examining Constables’ and Sergeants’ Online Fraud Preparedness” (2019) 33 Security Journal 311

[10] Zeitoun M and others, “A ‘Justice’ Reading of the Trans-National Struggle of the People Displaced by the Merowe Dam” (2019) 24 Local Environment 129

[11] Chapsos I and Hamilton S, “Illegal Fishing and Fisheries Crime as a Transnational Organized Crime in Indonesia” (2018) 22 Trends in Organized Crime 255

[12] du Plessis A and others, “Laboratory X-Ray Micro-Computed Tomography: A User Guideline for Biological Samples” (2019) 6 GigaScience

[13] Iu KY and Wong VM-Y, “The Trans-National Cybercrime Court: Towards a New Harmonisation of Cyber Law Regime in ASEAN” [2022] SSRN Electronic Journal

[14] Palmer N, “Transnational Legal Orders of Criminal Justice. by Gregory Shaffer and Ely Aaronson. Cambridge, UK: Cambridge University Press, 2020. Pp. XVI, 394. Index.” (2021) 115 American Journal of International Law 772

[15] Sausdal D and Lohne K, “Theatrics of Transnational Criminal Justice: Ethnographies of Penality in a Global Age” (2021) 25 Theoretical Criminology 361

[16] Sparks R, “Crime and Justice Research: The Current Landscape and Future Possibilities” (2020) 20 Criminology & Criminal Justice 471

[17] Shepherd D, “DIY Fraud Investigation and Access to Justice: A Case Study” (2020) 15 Policing: A Journal of Policy and Practice 2165

35% OFF
Get best price for your work
  • 54000+ Project Delivered
  • 500+ Experts 24*7 Online Help

offer valid for limited time only*

×