- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The forthcoming Criminal Finances Bill would pose potentially limitless liability for any company in the United Kingdom that is connected to a host of tax evasion-related offenses. But will this legislation actually accomplish much of anything?
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A new law holds that companies active in the U.K. could be subject to U.K. criminal proceedings if an employee anywhere in the world facilitates tax evasion.
At the 35th Cambridge Symposium on Economic Crime, British government officials provided valuable insight on regulatory priorities and how to stay right under the eyes of the law.
The U.K. will struggle to shed its reputation as one of the world’s biggest conduits for dirty money due to a combination of patchy intelligence-sharing and poorly resourced enforcement agencies, experts told Compliance Week.
