"The SFO (Serious Fraud Office) is receiving and examining complex data on this topic," David Green, SFO head said. The
Nevertheless, in a parallel global inquiry into whether traders manipulated Libor benchmark interest rates, the agency has now charged 12 individuals -- more than the eight charged in
The fact that material linked to the currency investigation has landed on the SFO's desk could mean the FCA watchdog has now found possible evidence of criminal wrongdoing and passed this on, some lawyers said, although agencies might also just be keeping each other abreast of more general developments.
"This happens when the regulators believe three things: the matter is really serious, there is sufficient public interest or political pressure to justify major budgetary commitment and there seems to be enough evidence to convince a jury to the high 'beyond reasonable doubt' test rather than the lower 'more likely than not' standard that a regulator is allowed to use,"
Most Popular Stories
- Criminal Investigation Opened Into James Foley's Death
- Swiss Suicide Tourism Doubled Since 2009
- Florida's Largest Insurer Says 'Bailout' Attacks Unfair
- Wealth Gap Widened in Past Decade: Census
- Gap Reports Higher Profits, India Plans
- International Revulsion Grows Over James Foley Death
- James Foley Beheading Sparks Anger, Little Action
- Beyonce, Jay-Z Cuba Trip Was Legal After All
- Chinese Stock Funds Are a Late-summer Bloomer
- Sears Holdings Loses $573 Million