The Criminal Finances Act 2017
Classroom: £269 +VAT per person
The Criminal Finances Act 2017 is one of the most important pieces of anti-fraud and anti-corruption legislation to be passed in the UK. It amends the Proceeds of Crime Act 2002 and introduces two new corporate offences of failing to prevent the facilitation of tax evasion. Entities will be 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.
This important course will guide you through the new corporate offences and how they will operate. It will take you through the measures and procedures that should be put in place to comply with the Act and demonstrate that your organisation is doing everything possible to prevent financial crime. You will also be guided through managing the risks and the application of due diligence. Crucially, the course 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.
“ Excellent and knowledgeable presenter with great examples of real life situations. ”
“Good presenter who clearly knows her subject really well.”
“Really succinct session on a very complicated subject - very useful.”
Director of Business Assurance
“Really enjoyed the practical examples of fraud - puts things into context.”
Senior Accounting Manager
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 course is suitable for tax managers, financial controllers, compliance officers, company secretaries, directors and third-party tax advisers.
Laurence has 30 years experience working with HMRC as a criminal investigator and a specialist in tax fraud and financial crime. He has delivered training both within HMRC and internationally on proceeds of crime legislation, criminal finances and money laundering.
Laurence has also spent over 4 years as the UK Fiscal Crime Liaison Officer to Beijing working directly with the Chinese government and across the Far East to improve mutual understanding of and collaboration on international fraud and money laundering. He has acted as an expert witness in cases involving the underground transfer of funds from China to the UK.
Rod was employed by HMRC for forty years and was recognised as one of their foremost investigators and compliance experts, specialising in criminal, civil and commercial fraud. His expertise includes internal company investigations, financial crime and proceeds of crime, money laundering, insolvency and asset recovery. He has also worked with a wide range of international law enforcement organisations providing advice on fraud and compliance issues.
Since leaving HMRC, Rod has been regularly engaged to provide expert assistance to both individuals and businesses. He is an internationally acknowledged authority on all forms of complex VAT/GST fraud and trade based money laundering and has extensive experience of different forms of supply chain and investor fraud.
Rod has broad experience of court procedures and has been recognised by the Court of Appeal as an expert in his field. During 2012, he was awarded the OBE in recognition of his services and expertise.