New Businesses

Department for Business, Energy and Industrial Strategy written question – answered on 13th September 2018.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (International Trade)

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to empower Companies House to undertake due diligence checks on firms and individuals setting up UK companies; and if he will make a statement.

Photo of Kelly Tolhurst Kelly Tolhurst Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

There are current plans to require Companies House to do this. However, once the outcome of the Financial Action Task Force evaluation of the UK’s anti-money laundering regime is known later this year, I will be considering options to reform the company registration process including what information is disclosed, and how assurance is provided over that information.

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