Financial Crime Financial Crime

Comment: Glencore fine may be a record, but for UK fraud prosecutor there may be reasons to worry

By Martin Coyle and Phoebe Seers
  • 07 Nov 2022 17:43
  • 07 Nov 2022 17:43
When a judge in London punished Glencore last week for bribery in Africa, handing the global commodities trader a fine of 276 million pounds ($317 million), it represented a record of sorts for the UK's white-collar crime prosecutor (see here). 

But record or not, the amount was significantly less than the Serious Fraud Office

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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