Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Businesses must give full postal and email address as Companies House fights fraud

by March 5, 2024
March 5, 2024
Businesses must give full postal and email address as Companies House fights fraud

Businesses are now required to provide a full address instead of a PO Box and must furnish an email address as part of Companies House’s efforts to combat fraud and deception.

These changes, implemented this week, mark the most significant alterations to Britain’s central corporate register since its establishment 180 years ago.

Louise Smyth, the chief executive of Companies House, stated, “Criminals have been exploiting UK companies for fraudulent activities, money laundering, and various economic crimes. As we intensify our efforts to tackle register abuse, we are focusing on instances where individuals’ names and addresses have been unlawfully utilized. Reporting and rectifying misuse of personal information will now be more efficient.”

Fraud specialists and advocacy groups have long advocated for stricter regulations regarding business registration at Companies House. Recent investigations uncovered numerous discrepancies, including instances where directors were listed as deceased before their companies were formed, or where fictitious names like Adolf Tooth Fairy Hitler and Judas Superadio Iskariot were recorded.

Previously, Companies House permitted the use of PO Boxes as registered addresses, enabling criminals to register companies using individuals’ details without their consent.

In addition to the prohibition on PO Boxes and the requirement for email addresses, Companies House now mandates all users to affirm that their company’s formation serves a lawful purpose. While this alone may not deter fraudsters, it provides authorities with additional grounds for prosecution.

Under the Economic Crime and Corporate Transparency Act 2023, the corporate register has been granted enhanced authority to scrutinize and, if necessary, remove information. It can also conduct more rigorous checks on company names. New criminal offenses and civil penalties have been introduced to complement these measures.

Kevin Hollinrake, the business minister, remarked, “Companies House is now equipped to take a tougher stance against criminals exploiting the UK’s open economy. These reforms enhance public protection against companies using fraudulent addresses and contribute to dispelling the illusions created by companies concealing their true identity.”

Read more:
Businesses must give full postal and email address as Companies House fights fraud

0
FacebookTwitterGoogle +Pinterest
previous post
Legal experts rally around Supreme Court ruling keeping Trump on ballot: ‘Stern warning’ to ‘radicals’
next post
Apple Hit with €1.8bn Fine for Violating Music Streaming Regulations

You may also like

Selling Your Business: A Quick Checklist

November 15, 2022

Businesses urged to embrace automation over low-wage migrant...

November 28, 2024

UK to launch dispute proceedings against EU this...

August 17, 2022

Choosing the Right Coverage: Permanent Life Insurance vs...

December 30, 2024

UK Finance Urges Post-Election Government to Prioritise Growth...

May 31, 2024

UK Competition Watchdog Raises Alarms Over Big Tech’s...

April 12, 2024

Inicio AI secures £2.6m to transform affordability assessments...

April 15, 2025

US investor group in talks to buy OnlyFans...

May 23, 2025

Slight rise in female FTSE board members, but...

June 15, 2023

Salmon Scotland urges further talks to scrap 10%...

May 8, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved