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  1. Legal news
    18 March 2021
    NatWest to face the first criminal prosecution by the FCA for breaches of money laundering regulations

    The Financial Conduct Authority (“FCA”) has launched its first criminal prosecution for offences under the Money Laundering Regulations. It is also the first criminal prosecution against a bank for such offences. ...

  2. Legal news
    10 July 2020
    UK: HMRC announce their first "furlough fraud" arrest - only a concern for a small few?

    HMRC have made their first arrest in connection to alleged CJRS fraud. HMRC have previously acknowledged that the scheme was open to abuse and so this latest announcement was perhaps only a matter of time. Nevertheless, ...

  3. Legal news
    04 June 2020
    UK: New tax clawback and penalty measures on COVID-19 support payments: How can businesses protect themselves?

    The UK Government has implemented a number of unprecedented initiatives to help the economy weather the COVID-19 pandemic. This includes various tax-based measures aimed at helping businesses experiencing cash flow ...

  4. Legal news
    03 March 2021
    UK: COVID-19 Business Support Risk Assessment

    At the UK Budget announcement made on 3 March 2021, Chancellor of the Exchequer Rishi Sunak formally announced the creation of a new ‘Taxpayer Protection Taskforce’. The Taskforce will be equipped with 1,265 HMRC staff ...

  5. Legal news
    15 February 2021
    R (KBR) v SFO: the impact on HMRC’s extra-territorial reach

    On 5 February 2021, the UK Supreme Court handed down its much anticipated judgment in R (KBR, Inc) v Director of the Serious Fraud Office [2021] UKSC 2, overturning an earlier decision of the High Court. Although the ...

  6. Legal news
    01 July 2020
    Increasing Use of Account Freezing Orders

    In recent weeks and months we have seen a surge in the numbers of applications for account freezing orders, particularly by HMRC. Freezing orders are one of a number of different tools that can be used by state agencies ...