criminal finances act 2017 online learning

Criminal Finances Act 2017 – Online Learning

This e-learning course will provide learners with the opportunity to fully understand the Criminal Finances Act 2017:

  • Describe the strict laws applied to potential financial crime
  • Help ensure your organisation does not fail measures to prevent financial crime and tax evasion
  • Follow HMRC guidance on financial laws and potential offences under the Act
  • Establish risk assessment measures and preventive procedures
  • Explore specific changes that the Criminal Finances Act 2017 adds to our legal system​

Course Introduction

The Criminal Finances Act is part of the UK government’s strategic approach to reducing financial crime. It targets corruption, money laundering and tax evasion, and also aims to recoup more criminal assets by making it easier to seize funds obtained through criminal means.

The Act places further responsibilities on senior members of an organisation who can be held to account for ‘failing to prevent’ the offences.

An offence is committed if a firm (known as the relevant body) fails to prevent someone who is acting on their behalf or for them, knowingly facilitates tax evasion, either in the UK or in a foreign country.

In simple terms, this means that every employer has an obligation to actively discourage their employees assisting customers evade tax.

Course Content

Module 1 - Stricter laws to fight financial crime
  • Establish the weaknesses in the financial system which led to the new legislation
  • Review the failing to prevent tax evasion offences
  • Identify what ‘fail to prevent’ means in this context
  • Explore what a statutory defence is.
  • Determine what an ‘associated person’ is.​
Module 2 - Corporate failure to prevent facilitation of tax evasion
  • Identify who the new tax offences are aimed at
  • Understand how the UK tax offence works and who is implicated
  • Explore how the foreign tax offence works and who is implicated.
Module 3 - Preventing corporate tax offences
  • Explore the principles behind HMRC’s guidance on managing corporate tax offences risk
  • Establish the importance of risk assessment and proportionality with relation to the two new offences
  • Understand how identifying risk can help to inform proportionate prevention measures.
Module 4 - Improvements to help fight financial crime
  • Describe the changes that have been brought in to help fight financial crime
  • Explain the changes within the SARs regimes
  • List new items which can be recovered as proceeds of crime.
Module 5 – Assessment and CPD certificate
  • A chance to test your knowledge of the topic with scoring
  • The e-learning course comes with free CPD certificates for the learners

Customisable

All content can be adapted and altered to suit your needs. Courses are white-label as standard, but can include logos and branding where required. We can also provide AI generated language translations on demand.

Updates

All content is regularly reviewed and updated to ensure technical accuracy, best practice and legal compliance for your learners. Updates are all automatically made to content.

Certification

Your employees will receive personalised and dated certificates upon successful completion of our CPD certified e-learning courses. All courses have relevant accreditations.

Integration

Deliver e-learning courses via your own branded learning portal provided by us or upload our regularly updated courses to your own LMS if you would prefer.

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