Text for AML Update Service
AML Update: Tax Evasion
- Change date
- 11/07/2024
- Word count
- 444
- Deployment measure
- 9/10
Rationale
Example wording concerning steps taken to address the risk of tax evasion. This would come under the section ‘Risks as to involvement in breaches of the law’ in the firm’s FWRA
We recognise and are alert to the concerns relating to tax evasion and our potential involvement (wittingly LOW or unwittingly) in assisting clients evade tax. We are alert to developing regulation around the facilitation of tax evasion as a criminal
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