Tax Evasion as Money Laundering
06/05/2020
In R v IK [2007] EWCA Crim 491, (8/3/07 - https://www.bailii.org/ew/cases/EWCA/Crim/2007/491.html), the question for the Court was whether the proceeds of cheating the revenue could be ‘criminal property’.
In a nutshell, a legitimate trader had earned legitimate money undertaking a legitimate business (a shop). However, the allegation was that not all the income was declared – thus cheating the revenue.
The Crown prosecuted a money laundering offence, but the trial judge ruled that there was no ‘criminal property’ – the money did not come from the actual crime.
Following a prosecution appeal, the Court of Appeal found that the undeclared income could in part ‘represent’ the proceeds of crime, as that undeclared amount would be representative of the ‘benefit’. Thus applying the statute properly, the undeclared income could at that point be criminal property.
https://archive.comsuregroup.com/tax-evasion-as-money-laundering/
https://www.rahmanravelli.co.uk/articles/money-laundering-3/
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.