Less verification for someone to set up fraudulent shell firm than to borrow a library book, risk managers say
The anti-fraud leader at the trade body UK Finance has said the government needs to fix the “dysfunctional” Companies House because it is helping to facilitate business fraud.
Nick Van Benschoten, the director of international illicit finance at UK Finance, and anti-fraud bosses at the banks NatWest and HSBC, took aim at the online register of UK-based companies.
