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

Future Retirement Success

Business

Companies House introduces new penalties to boost compliance and corporate transparency

by September 27, 2024
September 27, 2024
Companies House introduces new penalties to boost compliance and corporate transparency

Companies House has implemented a new regime of penalties aimed at improving compliance and transparency in the UK’s company register, with a focus on cracking down on misuse and economic crime.

Registered companies are being urged to meet their legal obligations, such as timely filing of confirmation statements, to avoid facing financial penalties or more severe consequences.

The new powers, granted under the Economic Crime and Corporate Transparency Act 2023, allow Companies House to take civil action, disqualify directors, and even pursue criminal prosecution in serious cases of non-compliance. Directors found guilty of offences could face criminal records. Companies House will collaborate with the Insolvency Service and other enforcement partners to share intelligence and take joint enforcement action when appropriate.

Martin Swain, Director of Intelligence and Law Enforcement Liaison at Companies House, emphasized that while the agency will support businesses in meeting their obligations, it won’t hesitate to use its new powers when necessary. He said, “These new penalties mark a significant step forward for Companies House… to firmly, but fairly, enforce the law.”

The new penalties are part of a broader effort to improve corporate transparency and combat economic crime, strengthening the integrity of data on the UK’s company register.

Read more:
Companies House introduces new penalties to boost compliance and corporate transparency

0
FacebookTwitterGoogle +Pinterest
previous post
ChatGPT inventor set to receive $10bn as OpenAI shifts from non-profit status
next post
Surge in voluntary liquidations sparks abuse of process concerns

You may also like

Why THC Gummies Is the Next Big Thing...

October 24, 2024

Trump announces UK-US trade deal on VE Day...

May 8, 2025

Why The Work Hard/Play Hard Mantra Is Damaging...

August 29, 2024

Winning Big: Tales of Record-Breaking Casino Jackpots

September 20, 2023

Which Suitcase Components Provide The Most Value When...

May 7, 2024

Persil advert banned for misleading green claims

August 31, 2022

Diversity champion Steph Keeble receives honorary doctorate from...

July 31, 2023

6m disabled people in UK to get £150...

August 23, 2022

Live Dealer Games: Bridging the Gap Between Online...

January 2, 2025

Electric car prices slashed as manufacturers push to...

November 6, 2024

    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

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • 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