On 7 October, the House of Commons Library published a briefing paper on this Bill. Its 3 stated objectives are –
- Prevent organised criminals, fraudsters, kleptocrats and terrorists from using companies and other corporate entities to abuse the UK’s open economy;
- Strengthen the UK’s broader response to economic crime; and
- Support enterprise by enabling Companies House to deliver a better service for over 4 million UK companies, and improving the reliability of its data to inform business transactions and lending decisions across the economy.
https://researchbriefings.files.parliament.uk/documents/CBP-9625/CBP-9625.pdf
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