SHELL-COMPANY ‘FACTORIES’ SEEK A ROLE CLEANING UP UK’S REPUTATION

On 20 October, the ICIJ reported that the United Kingdom’s Association of Company Registration Agents, a trade group representing firms that specialize in corporate secrecy has been lobbying the UK government to give its members a central role in efforts to counter the country’s reputation as a leading provider of front companies to organized crime groups, corrupt regimes and other criminals.  It is urging government ministers to hire ACRA members to carry out identity verification checks on the owners of all firms listed at Companies House.  ACRA is among a handful of organisations that have been appointed to an expert panel, advising the government on how best to implement Companies House reforms.  Others on the panel include the Institute of Chartered Accountants in England and Wales, the Institute of Directors, the Law Society, the National Economic Crime Centre and Transparency International.

https://www.icij.org/investigations/fincen-files/controversial-shell-company-factories-seek-a-role-cleaning-up-uks-reputation/

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page 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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