Measures to reform the UK business registrar Companies House have been introduced to Parliament in part two of the Economic Crime Bill. They are intended to improve the company information available and help prevent economic crime.
The UK has this week brought forward two significant measures aimed at increasing corporate transparency with regard to company ownership and cutting down on economic crime. It will introduce mandatory Inline XBRL at business registrar Companies House.
The European Commission has announced an ambitious package of proposals to strengthen the EU’s anti-money laundering and countering the financing of terrorism rules and crack down on financial crime.