Legislation targeting tax evasion and money laundering has secured Royal Assent and is on course to take effect later this year. 

The Criminal Finances Act 2017 will give law enforcement agencies and partners, further capabilities and powers to recover the proceeds of crime, tackle money laundering, tax evasion and corruption, and combat the financing of terrorism.

The Act includes the creation of unexplained wealth orders and new criminal offences, the seizure and forfeiture of proceeds of crime and terrorist money, legal protections for the sharing of information between regulated companies and the extension of discl...