Final answer:
The SFO has jurisdiction to investigate and prosecute conduct outside the UK if it is within its statutory mandate and has an impact on individuals and companies within the UK.
Step-by-step explanation:
In the context of the Serious Fraud Office (SFO) jurisdiction, the SFO has the authority to investigate and prosecute conduct that falls within its statutory mandate, even if it takes place outside of the UK. This means that if the SFO believes that the conduct has an impact on individuals and companies within the UK, it can still take action.
For example, if an individual or company based outside of the UK engages in fraudulent activities that harm individuals or companies within the UK, the SFO can investigate and prosecute them.
This jurisdiction allows the SFO to address cross-border crimes and protect the interests of UK residents and businesses.