The Serious Fraud Office (SFO) updated its guidance on Corporate Co-Operation in late April 2025 (the Guidance). The Guidance has been heralded by the SFO as bringing greater clarity for corporates in considering whether to self-report, with the aim of increasing the number of self-reports made by companies to the SFO.
When should companies self-report?
The SFO’s recent guidance is just one piece of a larger puzzle.