FBI-style mortgage arrests unlikely in UK

Lisa Osofsky, ex-Deputy General Counsel for the FBI and now a consultant for Control Risks, says the UK legal system means arrests are unlikely to reach the same scale as those seen in the US. “In the US, law enforcers have tools to help them in cases like this,” she explains. “Plea bargains can be useful for getting an organisation’s small players to expose those higher up the chain, but plea bargaining doesn’t happen to the same extent in the UK.” Nevertheless, Osofsky believes the UK will start to adopt US measures for tackling complex and widespread cases of fraud, but expects the ch...