The U.K. Criminal Finances Act seeks to stamp out corporate tax evasion
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?
Related articles
-
Article
Preparing for the U.K. Criminal Finances Act
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.
-
Article
U.K. officials talk enforcement, cooperation, more
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.
-
News BriefAMLA: What difference will the agency make in the EU’s fight against moneylaundering?
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.