Following stinging criticism that the United Kingdom’s approach to tackling financial crimes wasn’t working, new legislation will come into force at the end of September which will see corporations face the risk of an unlimited fine and a criminal conviction if any employee or “associated person” working on their behalf facilitates tax evasion.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...