Why Firms Must Get Serious about Compliance with UK’s Criminal Finances Act
The UK’s HM Revenue and Customs (HMRC) may have pressed pause on many of its investigatory activities due to COVID-19, but we can expect the failure to prevent the criminal facilitation of tax evasion to be a major focus as the agency establishes its ‘new normal’.
This White Paper Covers:
- A rise in the risk of tax evasion due to increased financial pressure firms are under as a result of the pandemic
- The prospect of future investigations relating to the corporate offence of failure to prevent tax evasion under the Criminal Finance Act
- How to identify and mitigate exposure to the risk of facilitating tax evasion
- What’s next