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UK SAR decision tree

04/07/2022

Crime is an action or inaction prohibited by law and punishable by the state, and it is not civil wrongdoing for which restitution is owed to another person.

Where a representative of the state (such as HMRC) can decide whether to treat conduct as a criminal or a civil matter, for the MLTF regime, businesses should consider the conduct as criminal, even where the state's decision is frequently or even invariably, to treat it as civil.

SOURCE

https://www.ccab.org.uk/wp-content/uploads/2022/05/SupplementaryGuidanceTaxPractitioners_2019Version-2.pdf

UNITED KINGDOM YOUTUBE-IMAGE