Securing a record penalty for a corporate criminal conviction in the Glencore case was the high point of the work carried out by the UK’s Serious Fraud Office (SFO), but the collapse of the Unaoil investigation and subsequent launch of an independent review by the attorney general will present the
Glencore a high, Unaoil a low as UK SFO sums up its year

Outgoing director Lisa Ofosky is upfront about the agency’s challenges in its annual report.
