Britain’s White-Collar Cops Are Getting Too Good at Their Job

In the era of Brexit, not everyone wants the Serious Fraud Office to chase rich wrongdoers out of the country.
Green has transformed his agency into something “not to be trifled with,” in the words of one admirer.

Green has transformed his agency into something “not to be trifled with,” in the words of one admirer.

Photographer: Sophie Green for Bloomberg Businessweek

Britain’s top white-collar crime enforcer left his London office one damp evening late last year, hailed a black cab to Canary Wharf, and took a seat in the front row of a wood-paneled auditorium. David Green, the director of the Serious Fraud Office, had come to hear former Prime Minister David Cameron give a speech on corruption and the spread of dirty money. Early in the Q&A portion, Green signaled for a microphone and asked a deceptively straightforward question: What did Cameron think of the anticorruption work of the SFO—an agency set up precisely to investigate and prosecute high-level corporate crime?

Cameron, a genteel Etonian with more than his share of the erudition required for high office in the U.K., was somehow tongue-tied. “The SFO, yes, I do support its work,” he stammered, pausing for several seconds. But there seemed to be a but, and Cameron began to hedge. “As prime minister, you do feel a responsibility for wanting British business to get out there and win orders and succeed,” he said, adding, “so sometimes there are frustrations and worries and concerns.”