The Criminal Finances Act 2017
Classroom: £249 +VAT per person
When the Criminal Finances Act 2017 received Royal Assent in April this year, it was described, along with the Bribery Act 2010, as the most important anti-corruption legislation to be passed in the UK in over 30 years.
The Act amends the Proceeds of Crime Act 2002 and introduces two new corporate offences of failing to prevent the facilitation of tax evasion. It will make entities criminally liable, if they fail to prevent tax evasion by either a member of their staff or an external agent, even if the business was not involved or was unaware of the act.
Amongst other provisions, the Act also introduces ‘Unexplained Wealth Orders’, increased asset recovery powers and extended powers to investigate money laundering.
It is vital that anyone with a responsibility for an entity's tax affairs, be it a company or an individual, fully understands this new legislation and the consequences of non-compliance.
This important course will guide you through the new corporate offences and how they will operate. It will take you through the measures that need to be put in place to comply with the Act and explains the financial penalties and sanctions that can be imposed if you don’t. Crucially, it will also guide you on how your organisation may establish a defence if it is alleged to have committed an offence under the new Act.
This course is suitable for tax managers, financial controllers, compliance officers, company secretaries, directors and anyone with a responsibility for managing the tax affairs of their business, including third party tax advisers.
Louise is a National Crime Agency-accredited Financial Investigator and Confiscator within HMRC’s Fraud Investigation Service. She has over 18 years of operational experience in HMCE, later HMRC’s law enforcement division; the last 11 years in complex tax fraud and money laundering criminal investigations. She has also been a National Trainer working within HMRC’s Criminal Justice Academy.
Currently also studying the LLM Bar Practice, Louise holds a Graduate Diploma in Law, an LLM in International Business Law and is an associate member of the Proceeds of Crime Lawyers Association (POCLA).