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U.K. authorities rejected nearly 70,000 inaccurate or incomplete declarations of beneficial ownership in the 18 months since requirements designed to clamp down on the exploitation of corporate entities by financial criminals took effect, a British minister claims. Officials with Companies House, which administers a publicly available database of the information, rejected “confirmation statements” made by legal entities on their directors, shareholders and other parties that exercise “significant control” and told them to correct their filings, business minister Andrew Griffiths wrote in response to a lawmaker’s query. “The enforcement policy of Companies House is to help companies comply with their filing...