Financial Crime Financial Crime

Cost of UK company registration must rise, lawmaker warns ahead of law to weed out rogue owners

By Martin Coyle and Phoebe Seers
  • 18 Sep 2023 12:56
  • 18 Sep 2023 13:11
A pledge to increase UK company formation fees must be honored by the government and quickly, a veteran lawmaker has warned as figures show a rise in new businesses being created ahead of new laws designed to crack down on fraud.
The Economic Crime and Corporate Transparency Bill includes measures to

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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