Referrals received by the SFO, whilst alleging crime, often do not provide an estimate of loss or actual loss reported. Identifying the true value of reported fraud requires investigation.
The SFO receives approximately 1,200 referrals of alleged criminality every year. These range in seriousness and come from a variety of sources, including the public, whistle-blowers and corporate referrals.
Every referral the SFO receives is researched and/or assessed to help determine if it is a matter that the SFO should investigate.
The SFO only takes on only the most complex fraud and bribery cases. Should a referral not meet the reasonable suspicion threshold and the Director’s Statement of Principle, it may be referred to another law enforcement agency or discontinued.