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Law Management Section

Practice note - Criminal Finances Act 2017

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New practice note on Criminal Finances Act 2017. 

This practice note provides guidance to solicitors on the corporate offence of failure to prevent the criminal facilitation of tax evasion introduced by the Criminal Finances Act 2017, with effect from 30 September 2017. This brings a risk of criminal liability to solicitors’ firms not just for their employees’ actions, but for the actions of others with whom they are associated. The guidance will be submitted for approval by the chancellor and may be updated as a result. It explains:

  • the new offence
  • the definition of an associated person
  • risk assessments 
  • communication, training, monitoring and reporting requirements

Who should read this practice note?

All solicitors and senior staff in law firms (sole practitioners, partnerships, LLPs and alternative business structures). It will also be relevant to in-house legal teams.

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Benefits of Membership*

Law Management Section renewals

The Law Management Section will provide you with support, advice, networking opportunities and enable the sharing of best practice with peers.

The current Section Engagement Programme has been created in consultation with the Section Committee and will focus on key issues including:

  • Practice Management
  • Talent Management
  • Financial Management
  • Staffing Models
  • IT
  • Client Focus
  • Cyber Security

These issues will be addressed through a range of activities including: Webinars, Magazines, Regional Forums, Seminars, a Conference, Website, E-newsletters and a LinkedIn Group.

*See Section terms and conditions

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