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Risk Assessment Criminal Fascilitation

Hogan Lovells

UK Government to Introduce Long-Anticipated “Failure to Prevent Fraud” Offence

Hogan Lovells on

On 11 April 2023, the UK Government announced the introduction of a new corporate “failure to prevent fraud” offence, which will be brought into legislation through the Economic Crime and Corporate Transparency Bill (the...more

Womble Bond Dickinson

Businesses face unlimited fines for failure to prevent facilitation of tax evasion

Womble Bond Dickinson on

Introduction - As part of a global crackdown on tax evasion, the Criminal Finances Act 2017 (the Act) introduced a new offence. From 30 September 2017, an organisation commits a criminal offence if an employee or...more

Dechert LLP

Financial Services Quarterly Report - Third Quarter 2017: Global Update: UK Criminal Finance Act 2017: Immediate Considerations...

Dechert LLP on

UK asset managers, non-UK asset managers carrying on business in the UK and the funds they manage are within the scope of the new corporate criminal offences of failing to prevent the facilitation of tax evasion. As the new...more

Proskauer - Tax Talks

Failure to Prevent the Facilitation of Tax Evasion: New United Kingdom Corporate Criminal Offence

Proskauer - Tax Talks on

As mentioned in our July 2017 edition of UK Tax Round Up, the UK has enacted a new corporate criminal offence of failing to prevent the facilitation of tax evasion. The law comes into effect on 30th September 2017, and...more

Cooley LLP

Blog: Failure to Prevent Criminal Facilitation of Tax Evasion

Cooley LLP on

The new UK “failure to prevent criminal facilitation of tax evasion” domestic and overseas offences will almost certainly become effective in or before September 2017. What does this mean for companies and firms? The offences...more

Skadden, Arps, Slate, Meagher & Flom LLP

"The New UK Corporate Offence of 'Failure to Prevent the Facilitation of Tax Evasion': Implications for Fund Managers and...

The U.K. government expands its crackdown on tax evaders and the persons who assist them, by targeting businesses who fail to prevent tax evasion....more

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