Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 56
56
Abuse of company registration has the potential to undermine the UK’s deterrence regime.
Conclusion
Abuse of company registration has the potential to undermine the UK’s deterrence regime. Companies House’s new powers have the potential to make a significant difference in the fight against economic crime. In order to be effective, its implementation of these powers must focus on a significant improvement in the frequency of enforcement action. (Conclusion, Paragraph 187)