The Criminal Finances Bill is scheduled to enter into law during the summer of 2017. It contains a number of provisions centred on the UK's financial sector and is part of a major initiative that seeks to ensure that benefit is not derived from criminal proceeds.

The incoming legislation includes:

  • the creation of new offences and the provision to investigating authorities of additional powers to require explanations as to a person’s source of wealth
  • criminalisation provisions that introduce two corporate crimes of failure to prevent facilitation of tax evasion
  • a wide definition of an ‘associated person’, as well as employees, this will include agents or even sub-contractors
  • the introduction of novel and wider criminal asset identification and seizure powers

One of the most important considerations being that failure to prevent means that for the first time in tax enforcement organisations can be prosecuted if an offence occurs and they are subsequently found to have failed to have ‘reasonable’ measures in place that could have prevented facilitation.

Amicus Legal Consultants

5 Chancery Lane
United Kingdom

Gray's Inn Chambers
Gray's Inn
United Kingdom


We have gone mobile!  You can contact us on:

+44 (0) 7949 55 3060


+44 (0) 7951 71 2478



Our New Collaboration Partner

Have a look at our new partner Julian Male - Their speciality is Legal and Risk Advisory and focus in the Far East/Austral-Asia region. Their services include Real Estate, Alternative Dispute Resolution, Corporate and Commercial, Crisis Management and more.


Have your seen our associated Brooke Chambers site?  Have a look now!


Or fill out our enquiry form: