What are the new offences? The new offences make “relevant bodies”, namely corporates and partnerships, strictly criminally liable for failing to prevent criminal facilitation of tax evasion by any of their “associated persons”, namely any person performing services for or on behalf of the body. Such persons include, for example, employees, agents, sub-contractors etc. The […]

The Criminal Finances Act 2017 represents a further significant development in the approach to the investigation and prosecution of financial crime in the UK.1  Introduction In one of its final acts, before it dissolved ahead of the upcoming general election, the UK Parliament passed the Criminal Finances Act 2017 (the “Act”), which received Royal Assent […]

At the end of April, the Criminal Finances Act 2017 was passed, bringing to life a new raft of measures aimed at increasing state powers to tackle financial crime. The rules are set to come into force in September 2017 and include new powers to obtain information, share knowledge and recover criminal property. However, of […]