Regulators and law enforcement have removed over 11,500 companies from the Companies House register in a crackdown on economic crime. The operation involved the National Crime Agency, City of London Police, and Companies House, focusing on high-risk company formation agents. Officers visited 11 locations linked to 30 high-risk trust and company service providers. One formation agent registered up to 5,000 companies at one address, indicating fraudulent misuse. As a result, three TCSPs are closing, and 27 face enforcement action, with criminal referrals made for potential recovery of illicit funds.
"More than 11,500 companies have been removed from the Companies House register in the past year as part of a nationwide crackdown on economic crime."
"The National Crime Agency (NCA), City of London Police, and Companies House engaged in targeted enforcement against high-risk company formation agents and addresses associated with illicit activity."
"A single company formation agent registered between 4,000 and 5,000 companies using a single London address, raising red flags for criminal misuse."
"Criminals who use UK-registered companies to disguise illegal activity and move illicit funds are undermining the integrity of our financial system."
Collection
[
|
...
]