GLOBAL WEB OF FIRMS FOR FRAUDSTERS CREATED BY BRITISH COMPANY FORMATIONS HOUSE

On 4th December, KYC 360 reported on businesses, banks and tax havens used by international crime gangs and fraudsters has been created by a family-owned company formation agent in the UK.  It says that leaked documents show links to businesses set up by Formations House, a London-based company that establishes and helps to manage companies, and scams involving more than £300 million – including vintage wine frauds, fake stock market tipsters, dodgy gold and diamond traders, overpriced land investment schemes and a Hollywood heist carried out by a bogus aristocrat.  Directors of at least 40 UK companies that it created have been disqualified after allegations of wrongdoing.  The head of the company is quoted as saying that, like all other formation agents in our industry, it had no control over the actions of companies and their directors after it has provided its formation service, and that the company carried out AML/CFT checks.

https://www.riskscreen.com/kyc360/news/global-web-of-firms-for-fraudsters-created-by-british-company-formations-house/

https://www.mcclatchydc.com/news/investigations/article237638859.html

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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