Written question asked by Lord Field of Birkenhead (Labour) on Tuesday, 19 December 2017, in the House of Commons. It was due for an answer on Thursday, 21 December 2017. It was answered by Margot James (Conservative) on Thursday, 21 December 2017 on behalf of the Department for Business, Energy and Industrial Strategy.
New Businesses
- Question
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To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the adequacy of the powers of Companies House to (a) undertake due diligence on individuals seeking to incorporate new companies and (b) combat the risk of legal entities being incorporated for money launderers.
- Answer
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The Registrar of Companies (Companies House) has a statutory obligation to incorporate a new company on receipt of a validly completed application. When registering a new company, the Registrar is carrying out a function of the state on behalf of the Government.
Companies House undertakes numerous checks on the validity of information, both at incorporation and throughout the life of the company as new information is submitted. They work very closely with other law enforcement agencies analysing data and patterns to identify suspicious behaviour.
Secondary information
- Type
- Written question
- Reference
- 120502
- Session
- 2017-19
- Subjects
- Powers Money laundering New businesses Companies House
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2018-11-20 05:28:22 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/120502
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