1 IN 8 DISQUALIFIED DIRECTORS SNEAK BACK INTO COMPANIES HOUSE

The Mortgage Finance Gazette on 16th May reported that loopholes have been identified at Companies House that enable individuals to register as a director, run businesses and commit fraud and money laundering, even after they have been struck-off from holding company directorships.  Research by fraud investigation technology provider HooYu found that of the 6,700 currently disqualified directors, there are over 800 (1 in every 8) that still appear to have an active directorship.  The analysis also uncovered over 500 so called “chameleon” directors who have been disqualified as a director, then subsequently made changes to their name or date of birth in order to register a “clean” directorship.

https://www.mortgagefinancegazette.com/market-news/fraud/one-eight-disqualified-directors-sneak-back-companies-house-16-05-2019/

http://www.fstech.co.uk/fst/HooYu_Companies_House_Data_Abuse_Research.php

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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