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HMRC launches criminal investigations

11 March 2019

HMRC has launched its first investigations using new corporate money laundering powers.

The taxman is apparently investigating a handful of cases (less than 5) under the corporate criminal offence of failure to prevent the facilitation of UK tax evasion, which was introduced in the 2017 Criminal Finances Act.

If found guilty, the offenders face unlimited fines and orders for confiscation of assets. And, as a strict liability offence companies can be convicted even if they claim the actions were of one rogue employees.

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