serious
SFO I
fraud
office
2 - 4 Cockspur Street London SW1Y 5BS 020 7239 7272 lwww.sfo.gov.uk
Director: David Green CB QC
Robert Neill MP
House of Commons
London
SW1AOAA
Direct Line
+44 (0)20 7084 4543
Direct Fax
+44 (0)20 7833 5479
Our Ref:
Date:
DGP0-438
25 October 2016
Thank you for the opportunity to give evidence to the Committee this morning.
In responding to a question from Mr Hanson , I said I would send the Committee
information about orders obtained by the SFO over the last few years.
In working to recover the proceeds of crime, the SFO uses mainly the powers in the
Proceeds of Crime Act 2002. This often involves:
• Carrying out confiscation investigations and seeking confiscation orders against those convicted in our cases . • Obtaining compensation orders for the victims of fraud .
• Enforcing the confiscation orders obtained .
• Seeking civil recovery orders in the High Court in respect of property which represents the proceeds of criminal conduct, even if there is no criminal conviction. As of February 2016, enforcement proceedings were underway against about 40
individuals.
The tables on the following pages set out the value of Proceeds of Crime Orders
obtained over the past five years as well as the payments made by defendants in
respect of orders made against them.
The amount of compensation imposed on a defendant is determined by the judge
and varies from case to case, being dependent on the value of realisable assets and
the amount of money obtained illegally from victims. Should a defendant not adhere
to a compensation order, they can incur a default prison sentence.
As you can see from the tables, the value of orders can fluctuate greatly from year to
year. This depends, as I explained during the hearing, on the individual cases that
are at the appropriate stage in any given year.
\
DA
EEN CB QC
DIRECTOR
Proceeds of Crime Orders obtained by the SFO
Total of
Confiscation
Orders
obtained
Compensation
included as
part of total
confiscation
Stand-alone
compensation
11 ,556,411
11, 179,522
40,000
2015 -16
3,387 ,650
120,678
2014 -15
22 ,719,368
3,014,258
2013 -14
2,868 ,954
2,868,954
2012 -13
38,879,682
7,001,966
2011 -12
1,896,213
2010-11
28,327,690
Civil
recovery
orders
Total*
2016-17
(to
11,596,411
30/06/2016)
3,387 ,650
520,652
I
25,638.650 I
7,461
2,876,415
5,025,426
1,959,517
45,864,625
231,539
150,000
16,224,053
18,270,266
25,929,499
223,799
7,028,077
35,579,566 I
2,443,630
* The total amount of orders obtained by the SFO constitutes the total confiscation orders made plus any additional compensation orders not included within the confiscation orders, plus any civil recovery orders imposed. For example, in 2010­
11, the total amount of money due from orders obtained by the SFO comprised £28,327,690 + £223,799 + £7,028,077 , totalling £35,579,566. I
Payments made in respect of SFO Orders
Confiscation
payments
received
Compensation
included
within
confiscation
payments
Stand-alone
compensation
Civil
recovery
Total*
2,381 ,068
765,344
0
0
2,381,068
2015-16
19,612,132
7,519, 179
0
0
19,612,132
2014-15
12,765,780
1,575,003
500,090
520,652
13,786,522
2013 -14
1,577,973
1,221,884
0
7,461
1,585,434
2012 -13
3,874,030
1,300,827
5,000,000
1,959,852
10,833,882 1
2011 -12
3,328,273
1,560, 183
0
16,224,053
19,552,326
2010-11
2,378,690
1,808,807
0
7,028,077
9,406,767
2016 -17
(to
30/06/2016)
I
I
* The total amount paid as a result of orders obtained by the SFO constitutes the
total amount paid as a result of confiscation orders plus any additional compensation
orders not included within the confiscation orders, plus any civil recovery orders
imposed. For example, in 2012-13, the total amount of money recovered as a result
of SFO action comprised £3,874,030 + £5,000,000 + £1,959,852 totalling
£10,833,882.