UK CORPORATE REGISTRATION SYSTEM WIDELY USED TO FACILITATE CRIME
October 24th, 2024
“It is highly likely that limited company structures within the UK are widely used to facilitate many types of serious and organised criminality,” according to the first ever strategic intelligence assessment (1) from Britain’s corporate registration agency, Companies House.
The report finds it ‘almost certain’ (over 95% probable), using an official probability yardstick (2), both that the “openness of naming rules for limited companies” facilitates fraud and that use of professional enablers, like formation agents, lawyers and accountants, ...
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