News

Britain's corporate registry plans to hire hundreds more intelligence officers in the coming years to step up enforcement against fraudulent legal entities as well as offshore vehicles that own U.K. real estate and have failed to comply with new requirements to declare their true owners. In its business plan for the financial year to March 2024, Companies House, the agency that administers Britain's beneficial ownership register and other corporate databases, vowed to make full use of new powers contained in the Economic Crime and Corporate Transparency Bill, which aims to stem the abuse of U.K. legal entities by financial criminals,...