Criminal Finances Act 2017

Propel Finance Group has a zero tolerance approach to the facilitation of tax evasion. As a business, we are committed to ensuring it does not take place within any part of our business or our supply chain. This supports our position as an ethical business in all our dealings with employees, suppliers and business partners.

We have implemented preventative procedures for internal and external channels developed by a cross departmental team. These preventative procedures are comprised of our policy suite, on-boarding procedure for employees, customers and suppliers, suspicious transaction monitoring and a whistleblowing channel for employees

We will review our effectiveness in ensuring that facilitation of tax evasion is not taking place in any part of our business or supply chains by:

  • Communicating our position and raising the awareness with employees by providing updated policies and communication on an annual basis;
  • Communicating our position to customers and our suppliers via this public statement on our website;
  • Carrying out appropriate due diligence activities when onboarding new vendor or supplier relationships;
  • Conducting risk assessments on the relevant parts of our business as part of our Anti-Money Laundering and Prevention of Financial Crime Procedures;
  • Regularly reviewing our policies and procedures; and
  • Where we have any suspicion of any wrongdoings leading to a failure to prevent criminal activities related to facilitating tax evasion, we will investigate these appropriately and notify HMRC.