The Serious Fraud Office (SFO) could be merged with a proposed National Crime Agency (NCA) as ministers target corporate corruption and fraud gangs which cost the UK £30bn a year.
A consultation on the Home Office project, which would incorporate much of the SFO, will begin in the spring, the Financial Times reports. The Home Office has also taken over from the Treasury on the project to create a single Economic Crime Agency (ECA), according to the paper. Nick Herbert, policing minister, said he hoped this would end the “piecemeal” approach to tackling white-collar crime. The SFO merger consultation will discuss whether the ECA should be folded into the proposed NCA, and whether it should retain powers of prosecution as well as investigation. Ministe...
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