- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The forthcoming Criminal Finances Bill would pose potentially limitless liability for any company in the United Kingdom that is connected to a host of tax evasion-related offenses. But will this legislation actually accomplish much of anything?
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A new law holds that companies active in the U.K. could be subject to U.K. criminal proceedings if an employee anywhere in the world facilitates tax evasion.
At the 35th Cambridge Symposium on Economic Crime, British government officials provided valuable insight on regulatory priorities and how to stay right under the eyes of the law.
Breaches of the EU’s GDPR can cost companies substantial sums and huge reputational damage. Now some are warning that the implementation of the EU’s AI Act will be just as far-reaching, and could potentially lead to similar numbers of cases.
