UK COMPANY REGISTRATION REVAMP DRIVING OUT THE LAUNDERERS
May 19th, 2024
The UK government’s overhaul of registration requirements for corporate register Companies House could close a key gap in safeguards against money laundering by ending lax rules over company formation. Indeed, until now, many UK companies have been formed by owners worldwide for a small fee, with no questions asked. But do the new registration rules go far enough to stop criminals setting up fake companies using genuine addresses without the declared owner’s knowledge or consent?
The new British rules, introduced under the 2023 Economic Crime and Corporate ...
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