The Criminal Finances Act 2017 was imposed to give law enforcement agencies and related 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 Criminal Finances Act 2017 builds on the existing legislation to offer greater enforcement powers and additional measures to protect the public purse and interests, as well as the domestic security interests of HM Government. The Act itself improves reporting procedures and data sharing, and makes it easier to seize funds obtained through criminal means.
