Prime Minister David Cameron said the U.K. plans to make financial services companies liable for their employees’ complicity in money laundering and fraud, in an extension of proposed laws against tax evasion. Announced to coincide with an anti-corruption summit in London on Thursday, Cameron said the developed world must “get its house in order” and […]

Writing in the Guardian ahead of the anti-corruption summit of world leaders on 12 May, David Cameron announced the government’s intention to create new corporate offences as part of the fight against corruption, stating that “… in addition to prosecuting companies that fail to prevent bribery and tax evasion, we will consult on extending the […]

SPEED READ The UK Government has announced the proposed introduction of a new corporate offence of failing to prevent the facilitation of tax evasion; The new offence is likely to build on draft legislation produced in response to a consultation  undertaken by HM Revenue and Customs (“HMRC”) in 2015; The new offence is likely to […]

David Cameron will promise to act against corrupt foreigners who buy up luxury properties in the UK using secretive holding companies to hide their “dirty money”. The prime minister will use a visit to Singapore to make an anti-corruption speech on Tuesday in which he will express concern that some properties, mainly in London, “are […]

Transparency International (TI) has written to David Cameron voicing concern over reports that the UK Government is considering a review of the Bribery Act only two years after its implementation. The letter warns that any watering down of the Act will undermine the goal it was designed to achieve. TI welcomed the Government’s focus on tax […]

The prime minister has hailed an agreement by the UK’s Overseas Territories and Crown dependencies to sign up to a tax evasion clampdown. David Cameron said it was a “very positive step forward” ahead of the G8 meeting, which starts on Monday. But sources from the Crown Dependencies told the BBC a proposed register of […]

TI has welcomed the commitment of the UK to encourage governments all over the world to make corporate beneficial ownership public. David Cameron has written to the heads of the EU on how to tackle tax evasion and aggressive tax avoidance, referring to the need for transparency of corporate ownership. He stressed the solution, which […]