SFO's 2-Year Transformation Signals Crackdown On Fraud

By Anoushka Warlow and Megan Curzon ( October 30, 2025, 2:06 PM GMT) -- September marked two years since Nick Ephgrave took over as director of the Serious Fraud Office. At the outset of his appointment he was vocal about his aim to foster a more proactive and engaged SFO, an approach that is hardly surprising in circumstances where he had inherited a somewhat beleaguered agency, still bruised from the high-profile and fatal failures that plagued the likes of the Unaoil, G4S Ltd. and Serco Group PLC prosecutions during the tenure of his predecessor, Lisa Osofsky....

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