The following Corporate Crime guidance note provides comprehensive and up to date legal information covering:
ARCHIVED: This archived Practice Note is not being maintained. It tracked the passage of the Bill through Parliament to its publication as an Act, and highlighted key events and documents including published amendments relevant to the progress of the legislation. This Practice Note is being retained for historic interest.
The Criminal Finances Bill (CFB) completed its passage through Parliament and received Royal Assent on 27 April 2017. The Criminal Finances Act 2017 (CFA 2017) made significant changes to the Proceeds of Crime Act 2002 (POCA 2002) and other legislation including the Terrorism Act 2000 (TA 2000); these enable enforcement authorities to better pursue and capture the proceeds of crime and terrorist financing. It also created corporate criminal liability for failing to prevent the facilitation of tax evasion and introduced other offences relating to the power to make unexplained wealth orders (UWOs). The Act also extended the powers available to various enforcement authorities to conduct criminal investigations.
For further information on the new corporate offences of failure to prevent tax evasion, see Practice Note: Failure to prevent the criminal facilitation of tax evasion—the offences.
For further information on unexplained wealth orders, see Practice Note: Unexplained Wealth Orders—UWOs.
The history of the CFB can be seen on the Criminal Finances Bill website. What follows is a summary of the
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