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Practice Note: Criminal Finances Act 2017

08 th September 2017

A Law Society practice note provides guidance on the corporate offence of failure to prevent the criminal facilitation of tax evasion under the Criminal Finances Act 2017, which is effective from 30 September 2017. The risk of criminal liability to solicitors' firms is highlighted with respect to employees' actions and the actions of those with whom they are associated. The new offence is explained and the definition of an associated person given. Advice is offered on risk assessments, communication, training, monitoring and reporting requirements.

Law Society

Subject: Legal Profession, Criminal law

Keywords: Corporate criminal liability; Law firms; Tax evasion

Legislation referred: Criminal Finances Act 2017 (c.22)