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<p>The role of the Serious Fraud Office (SFO) is to investigate and prosecute serious
or complex frauds.</p><p>The SFO is committed to investigating and, where appropriate,
prosecuting such serious frauds, as seen in the conviction of Tom Hayes for offences
related to manipulating LIBOR.</p><p>The Government is consulting and will introduce
a new criminal offence to apply to corporations who failed to prevent their agents
from criminal facilitating tax evasion.</p><p>The Government will also consult on
extending the criminal offence of “failure to prevent” from bribery to other economic
crimes such as fraud and money laundering so that firms are properly held to account
for criminal activity that takes place within them.</p>
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