On 9th January, Filed Fisher published an article saying that from 12th December Companies House is said to be carrying out extra checks on applications to register corporate bodies to ascertain that they are compliant with the UN financial sanctions.  The change is intended to stop persons designated under the sanctions using ‘economic resources’ (including companies) for those types of activities.  If anyone forms a corporate body with a designated person in its corporate structure, it would constitute making an economic resource available. It could potentially also expose Companies House to prosecution due to its role in the registration process.  Checks of the details of proposed directors, secretaries, members and people with significant control will be made of all new applications, including for LLP and Scottish Limited Partnerships.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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