It Is Too Cheap And Easy To Set Up UK Companies

14th February 2024

An article in the Financial Times on 12 February 2024 describes the situation for registering companies in the UK.

Bank robbers go where the money is. Fraudsters not surprisingly do the same. But illicit finance in some of the world's richest countries is partially a self-inflicted problem. Until recently, the US and UK turned a blind eye to opaque corporate structures that enable economic crimes. 

A crackdown is now under way. Next month, the UK's Companies House will get more powers to query information and rectify inaccuracies — the biggest shake-up in its 180-year-old history. It joins the US in tackling corporate opacity. The latter now requires companies to disclose who controls them.

Read the full article HERE

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Read Richard Murphy's blog on is topic