HMRC LAUNCHES FIRST INVESTIGATIONS USING NEW CORPORATE MONEY LAUNDERING POWERS

City AM on 10th march reported that HMRC is investigating a handful of cases under the corporate criminal offence of failure to prevent the facilitation of UK tax evasion which was introduced in the Criminal Finances Act 2017 as part of a crackdown on money laundering.  It is described as a strict liability offence, meaning that companies can be convicted even if they claim the actions were of rogue individuals.

http://www.cityam.com/274447/hmrc-launches-first-investigations-using-new-corporate

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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