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<p>The Serious Fraud Office (SFO), by its specialist nature, takes on a relatively
small number of large, complex economic crime cases which can take several years to
investigate. This means that small changes in case numbers can lead to significant
fluctuations in in the SFO’s conviction rate.</p><p> </p><p>Against this context,
in 2020-21 the SFO’s conviction rate for individuals was 67 percent, which included
three convictions in the $1.7bn Unaoil bribery case and one guilty plea in the Petrofac
bribery case. No corporations were brought to trial in 2020-21. The SFO also secured
two Deferred Prosecution Agreements against corporates in 2020-21, returning £47.4m
in fines and penalties to the UK taxpayer and compelling these organisations to reform.</p>
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