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OPINION: Nick Ephgrave’s retirement leaves Serious Fraud Office at a crossroads

Nick Ephgrave, director of SFO.
Nick Ephgrave, former director of the SFO. Photo: SFO

Tony McClements takes a look back at Nick Ephgrave’s reforms at the SFO and contemplates what’s next for the organization.

The Serious Fraud Office (SFO) occupies a unique position in the UK’s enforcement landscape.

Tasked with investigating and prosecuting the most serious and complex fraud, bribery, and corruption cases in England, Wales, and Northern Ireland, often involving multinational corporates, politically exposed persons, and jurisdictions with limited transparency, its reputation