Companies House crackdown: 11,500 firms struck off Business Over 11,000 UK firms have been struck off the Companies House register over the past year following a coordinated crackdown on corporate structures suspected of facilitating fraud, money laundering and other economic crime. The operation, led by the National Economic Crime Centre and supported by the National Crime Agency, Companies House, HMRC, and several UK [...]
UK failing to fight ‘dirty money epidemic’ costing £350bn a year, MPs warn UK Politics The UK is “utterly failing” to fight the “dirty money epidemic” that is costing £350bn a year, MPs have warned.
Fraud ‘increasing national security threat’ thanks to AI, Lord Mayor warns politics Fraud is increasingly a threat to “national security” as advances in artificial intelligence serve to boost the chances of scammers, the Lord Mayor has warned. Nicholas Lyons, Lord mayor of Canada, told the International Symposium on Economic Crime in Cambridge that addressing economic crime “must be seen as a foundation for a [...]
Banks must do more to tackle Post Office cash-based money laundering, warns FCA April 24, 2023 The UK’s financial watchdog “put banks on alert” as it announced a series of measures to step up the fight against money laundering through the Post Office. Tackling financial crime is a key objective for both the Financial Conduct Authority (FCA) and the government. Last month the government announced part two of its Economic Crime [...]