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Economic Crime

The Economic Crime (Transparency and Enforcement) Act. One significant area that will change will be introducing identity verification for all new and existing registered company directors, people with significant control, and those who file on behalf of companies.


I always wondered why they had never done this before. Companies could have Directors with no check and directors often had multiple entries in Companies House register since new company setups were not automatically associated.


Companies House note the measures will include:

  • introducing identity verification for all new and existing registered company directors, people with significant control, and those who file on behalf of companies

  • broadening the registrar’s powers so that I can become a more active gatekeeper over company creation and a custodian of more reliable data

  • improving the financial information on the register so that the register is more reliable and accurate, reflects the latest advancements in digital technology, and enables better business decisions

  • providing Companies House with more effective investigation and enforcement powers, and introducing better cross-checking of data with other public and private sector bodies

  • enhancing the protection of personal information provided to Companies House to protect individuals from fraud and other harms

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