Corrupt UK - Money Laundering, Persons of Significant Control, blah blah

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vetran replied

9 February 2018, 13:57
great so we can fine them then confiscate their assets!
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DimPrawn started a topic Corrupt UK - Money Laundering, Persons of Significant Control, blah blah

9 February 2018, 12:42
Corrupt UK - Money Laundering, Persons of Significant Control, blah blah

https://www.bbc.com/news/amp/uk-42950097

At least £1.2bn has been funnelled through companies registered at the same Potters Bar address.

The vast majority of the 100-plus companies the BBC looked at, list their officers or members as other companies, registered in secrecy jurisdictions like the Seychelles or Belize.

But since June 2016, UK companies have been required to list a "person with significant control", or PSC. This is supposed to reveal the real people truly in control of firms.

In an exclusive analysis for File on 4, the anti-corruption organisation Global Witness has revealed that nearly one in 10 UK companies - 350,000 - still haven't named a PSC with the UK registry, Companies House.

While there are some legitimate circumstances for not listing a PSC, Murray Worthy, senior campaigner at Global Witness, says he's "shocked" by the "worryingly large number" that haven't, and that others are submitting data "that's just clearly inaccurate".

He cites PSCs aged over 300 or supposedly born in the future.

The analysis found another 7,000 companies declaring that they are controlled by companies registered in secrecy jurisdictions.

Doing what we've always done best, helping baddies retain their billions for a kick-back...
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