Why Firms Must Get Serious about Compliance with UK’s Criminal Finances Act

Thursday, June 4, 2020

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

 

Click to Download White Paper 

 

Jim Roberts, Analyst

Justin Durivage, Managing Consultant

Samar Pratt, Managing Director

Samar Pratt is a Managing Director based in Exiger’s London office, where she is a leader in the firm’s financial crime compliance advisory practice, specialising in audit and assurance.

Since joining Exiger, Samar has served as the Deputy Monitor on behalf of the U.S. Department of Justice, led independent examinations for the Financial Conduct Authority and New York Federal Reserve Board, and also helped clients to strengthen their financial crime compliance controls across the three lines of defence.