Get Ready For The UK's New Unexplained Wealth Order

Law360, New York (July 17, 2017, 11:22 AM EDT) -- The U.K. Criminal Finances Act 2017 represents a further significant development in the approach to the investigation and prosecution of financial crime in the U.K.[1]. The new offense of failure to prevent the facilitation of tax evasion and changes to the regime for suspicious activity reports will require entities which carry on business in the U.K. to take a yet more active role in the detection and prevention of potential financial crime, and to further examine and update their compliance policies and procedures. 

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