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The Criminal Finances Act 2017

New Half-day course

£249 +VAT per person

£249 +VAT
per person

This course can be presented in-house at your premises. You can find out more about our in-house training here.

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Home > Courses > The Criminal Finances Act 2017

The Criminal Finances Act 2017

Half-day course

Course prices:

Classroom: £249 +VAT per person

Course overview

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.

What will you learn?

  • What are the main provisions of the Criminal Finances Act 2017?
  • What do the new offences of corporate failure to prevent the facilitation of tax evasion seek to address?
  • How do the new offences support HMRC’s strategy to reduce the ‘tax gap’?
  • What is the UK tax payer offence and what are the current ‘trigger’ UK tax evasion offences?
  • Why are people very concerned about the ‘failure of relevant bodies to prevent the facilitation of tax evasion offences by associated persons’?
  • What is a ‘relevant body’ and what is an ‘associated person’?
  • How does the foreign tax evasion offence differ from the UK tax evasion offence?
  • What sanctions and penalties may be imposed?
  • How can your organisation defend against an allegation that it has committed one of the new corporate offences?
  • What are the 6 Guiding Principles to underpin your Prevention Procedures?

Who should attend?

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.

Extra benefits

  • course pack containing the information presented on the day
  • certificate of attendance

Course presenters

  • Louise Gray

    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).

Course dates