The Criminal Finances Act 2017 (“the Act”) came into force in the UK on 30 September 2017 and was borne out of governmental desire to hold relevant bodies criminally liable where they fail to prevent those who act for them, or on their behalf, from criminally facilitating tax evasion. It was believed that the existing law made it difficult to attribute criminal liability to a relevant body and that there was no incentive for senior management to invest in preventative procedures.

Click below to access the full article written by Angela Craven, TLT Solicitors:

tlt-criminal-finances-act-2017.pdf