The following Corporate Crime practice 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 key draft provisions debated as the legislation
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
Involuntary manslaughter—introductionManslaughter can be classified as either voluntary or involuntary. Voluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element—hence the label voluntary manslaughter) but which are reduced to
A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue redeemable shares?A company may wish to issue redeemable shares so that it has an alternative way to return surplus capital to shareholders without
This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.