Money Laundering:Written question - 105218

(Luton North)
Asked on: 14 September 2017
Department for Business, Energy and Industrial Strategy
Money Laundering
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the role of Companies House is in combatting money laundering.
Answered by: Margot James
Answered on: 12 October 2017

Companies House’s role is to incorporate and dissolve limited companies. It registers the information that UK companies are required to disclose and makes it available to the public. Companies House does not have a front-line role in combatting money laundering but it can support and assist law enforcement in their investigations.

Company House carries out a number of checks on all information received, ensuring it is valid, complete, and in compliance with company filing requirements. When it detects or receives intelligence relating to suspicious actions, including possible money laundering, Companies House will report the information to the relevant enforcement body.

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