UK Criminal Finance Act 2017: Immediate Considerations for Asset Managers

October 04, 2017

UK asset managers, non-UK asset managers carrying on business in the UK and the funds they manage are within the scope of the new corporate criminal offences of failing to prevent the facilitation of tax evasion. As the new offences apply with effect from 30 September 2017, to the extent not already completed, asset managers and funds should prioritise conducting a risk assessment and formulating a strategy to implement reasonable preventative measures.

Read "UK Criminal Finance Act 2017: Immediate Considerations for Asset Managers."