Anne Healy-McAdam: Is your business ready for the new tax evasion rules?

This September will see the introduction of new requirements from the Criminal Finances Act 2017. The new legislation aims to prevent the facilitation of tax evasion in the UK and abroad and will immediately impact UK financial services firms. It specifically introduces failure to prevent the facilitation of tax evasion as a criminal offence. However, research conducted last month by Cordium showed, for example, that three in five investment managers are unclear on the new offence and how to protect their firm. And nearly 25% are informed but have no current plan to put in the necessary ...