UK: BILL TO CREATE A REGISTER OF OVERSEAS ENTITIES AND WHITE PAPER ON REFORMING COMPANIES HOUSE

On 28 February, the Business Secretary made an oral statement to the House on corporate transparency and economic crime measures. He announced a white paper that sets out a comprehensive package of reforms to Companies House.  He also said that a Bill to be introduced the following day will create a Register of Overseas Entities to crack down on foreign criminals using UK property to launder their money.  

https://www.gov.uk/government/speeches/statement-on-corporate-transparency-and-economic-crime-measures

https://www.gov.uk/government/publications/corporate-transparency-and-register-reform

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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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