Tax Evasion – A Global Risk

Free Webinar: Wednesday 17 March at 12pm (UK)

The past year has shown that tax evasion enforcement is ramping up and global legislation has placed anti-tax evasion measures on the corporate risk and compliance agenda. Increased investigations, large fines and new laws have demonstrated that there has never been a more important time to ensure that everyone in your organization is on board with your compliance program.

VinciWorks is taking a modern approach to tax evasion training with a new course focused on industry-specific guidance, role-relevant scenarios with an interactive platform and engaging techniques to ensure all staff have the skills and understanding they need to address the issues.

Course overview

The course combines realistic scenarios with detailed, relevant information for the user based on their role in the company, their location and how frequently they engage in activities which could potentially pose a risk for facilitation of tax evasion. This can include paying invoices to giving out tax advice.

Alongside detailed information on reasonable procedures and industry-specific scenarios, the course presents users with an interactive game to help internalize the potential tripping points in their daily job which could result in facilitating tax evasion.

The course also addresses the challenge of offshore tax jurisdictions and gives guidance on how to spot red flags. Organizations can create personalized guidance for their staff, with information about what to do and who to contact when there is a concern of tax evasion from a client. The course begins with a “course builder” that generates a course for each user based on their jurisdiction, industry and level of risk in their role. Within seconds, the course is configured into one of several versions.

Course outcomes

Those who take the course will understand:

  • The relationship between tax evasion, tax avoidance and tax mitigation
  • The social and economic effects of failing to prevent tax evasion
  • Understand what is meant by “reasonable procedures”
  • Penalties for committing an offense under the Criminal Finances Act
  • Red flags for spotting facilitation of tax evasion
  • Interactive quizzes to review knowledge learned

This new course can be fully customized to be relevant to any organization and industry and each department within the organization.

The UK Criminal Finances Act and other global legislation have placed anti-tax evasion measures on the corporate risk and compliance agenda. The past year has shown us that tax evasion enforcement is only ramping up. Increased investigations, large fines and new laws have demonstrated that now is the time to ensure that everyone in your organization is on board with your compliance program.

Webinar highlights

During this webinar, we will explore the impact of tax evasion regulations over the past few years and give best-practice guidance on compliance.

The webinar will cover:

  • Why it’s important to have a strong compliance program
  • Reasonable procedures: do you have them and are they enough?
  • Best-practice guidance on spotting red flags
  • An international perspective on tax evasion, including DAC6
  • Major tax evasion cases and what we can learn
  • Tax evasion training requirements and best practice

Presenters

This course was written and designed by VinciWorks and incorporates feedback from several leading national and international law firms, accountancy firms and major corporations.

Gary Yantin

Gary Yantin

Director of Best Practice

As Director of Best Practice at VinciWorks, Gary Yantin works with professional service firms of all sizes to provide the best compliance learning experience for their staff. He was previously an in-house lawyer and a solicitor in private practice. Gary has hosted many webinars and workshops for VinciWorks on a wide range of risk and compliance topics including GDPR and the SRA’s new approach to ongoing learning.

Nick Henderson

Nick Henderson

Director of Learning and Content

Nick Henderson is Director of Learning and Content at VinciWorks and has played an important role in developing VinciWorks’ most interactive and customizable courses covering topics such as anti-bribery, anti-money laundering, GDPR, diversity, mental health, health and safety and more. Nick is a policy expert with a background in public, voluntary and private sectors and has expert-level knowledge across a wide range of areas.

Ruth Mittelmann Cohen

Ruth Cohen

Head of Legal and Product Research

Ruth Mittelmann Cohen is at VinciWorks. She holds an LLB specializing in International Commercial Law. Ruth has experience in both the public and private sectors, having consulted for many Fortune 500 companies. She has expert-level knowledge across a wide range of areas including DAC6, MDR, GDPR, information security, contract law, commercial law and international regulatory compliance.

Free registration

Hong Kong Law Ltd

Tax Evasion Training Game

VinciWorks has released Criminal Finances Act: A Practical Overview, beginning with an interactive game that presents strategies people might use to evade tax.

The course focuses on up-skilling all staff to have the tax literacy to understand the potential risks every business faces when it comes to the complex world of tax compliance. It takes users through what they need to know in their role in order to understand what tax evasion is, how it occurs, how we are affected, and what they must do to stop it.

Features

  • Users who feel they need a quick refresher on the topic can instantly choose to learn an additional module
  • Interactive game where users try and evade £1m in tax
  • Begins with a unique builder that instantly generates a course that caters to the role of each user
  • Interactive scenario questions to test users’ ability to spot red flags
  • 100% customizable — edit every word and build custom modules

Try it now

Hong Kong Law LtdIn the news

Anti-Money Laundering 2021 (Financier Worldwide, February 2021)

The NDAA enactment represented the first major act of Congress in the new year and a profound lift to the United States’ damaged reputation for fighting corruption. Contained within the legislation’s 1,480 pages are anti-corruption measures that advocates within and outside of government have championed for more than a decade; with its passage, the United States joins the community of nations working to combat the transnational scourges of shell companies and money laundering. Anti-corruption opportunities for 2021 and beyond abound.

A momentous victory for global anti-corruption efforts

Hong Kong Law Ltd

VinciWorks

Founded in 2004, VinciWorks is a leading provider of online compliance training and risk management software. With over 300,000 users across 70 countries, VinciWorks has established itself as the definitive authority in online compliance.

VinciWorks is on a mission to reinvent the impact that compliance tools and training can make. We strive to solve real compliance issues in real time. Compliance training experienced by most employees today is considered boring, old-fashioned and irrelevant. We are on a mission to change the status quo – that compliance is a tick-box exercise that is regarded with zero importance or relevance.

VinciWorks (HK) Limited
Phone: +852 3173 8669

303 St. George’s Building
2 Ice House Street
Central, Hong Kong

Office Hours: 9am-6pm (Monday to Friday except public holidays)