Criminal Finances Act

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  • Criminal Finances Act
  • Criminal facilitation of tax evasion
  • Whistleblowing and reporting Red flags
  • Facilitating tax evasion

Course Overview

The new Criminal Finances Act 2017 targets corruption, money laundering and tax evasion. It aims to recoup more criminal assets and is part of the government’s strategic approach to reducing financial crime.

The Criminal Finances Act sets out offences that hold corporations and partnerships criminally liable when they fail to prevent their employees, agents, or others who provide services on their behalf from criminally facilitating tax evasion. This is a significant change from existing law under which they can only be found liable for criminally facilitating tax evasion if the most senior members of the organisation – typically the board of directors – are aware of the facilitation.

This new course is appropriate for anyone working in or for UK organisations.

Learning Outcomes

  • Be able to describe what tax evasion is
  • Be aware of what they must and must not do in the workplace
  • Be able to describe the offences created by the Act
  • Understand the requirements of the Act
  • Be able to explain some of the key terms used in the Act
  • Be able to describe some of the warning signs of possible tax evasion
  • Understand the six principles of reasonable prevention procedures
  • Understand the importance of reporting suspected tax evasion and the possible consequences of failing to report

Course Features:

  • Editable Content Option
  • Instant Language Switch
  • Variable Speed Playback
  • Downloadable eBooks
  • Multi-device compatibility