The Criminal Finances Act: A guide for the financial services sector
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The Criminal Finances Act 2017 represents the largest overhaul of the UK’s anti-money laundering regime in more than a decade and the largest expansion of corporate criminal liability since the Bribery Act 2010. It also grants enforcement authorities significant new investigatory powers.
In our Guide for the financial services sector our tax and contentious regulatory experts provide detailed analysis of each aspect of the Act and suggest practical actions for assessing firms’ compliance with it.
In the Guide we discuss in detail:
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The new corporate criminal offences of failure to prevent the facilitation of tax evasion
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Unexplained wealth orders
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Disclosure orders in money laundering investigations
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Changes to the Suspicious Activity Reporting regime
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Enhanced Proceeds of Crime Act powers
Please click here to download a copy of the guide.
For further information on the Criminal Finances Act please see:
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Our Investigations Insights blog updates: The Criminal Finances Act, The Criminal Finances Bill: Part Two , The Criminal Finances Bill: Part One.
See below for selected extracts from the guide:
