Financial Crime Financial Crime

Abuse of UK corporate register could lead to criminal charges, government suggests

By Annie Robertson
  • 10 Dec 2020 06:20
  • 10 Dec 2020 06:20
Individuals trying to abuse the UK’s corporate-ownership register could face a series of sanctions under detailed proposals unveiled by the government. 

Reforms were announced in September to “deter abuse of corporate entities” through fraud and money laundering. It included restrictions on individuals hiding their identity, for example in shell companies, and enabling Companies

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