In 2024, Companies House Cardiff implemented several significant changes to enhance corporate transparency and streamline operations:
1. Implementation of the Economic Crime and Corporate Transparency Act 2023:
Improve the quality of data held by the agency.
Effective 4 March 2024, Companies House gained enhanced authority to:
Query and verify information submitted to the registry.
Conduct stricter checks on company names and registered office addresses.
Share data with law enforcement agencies to combat economic crime.
Enforce compliance with potential fines up to £10,000 for non-compliance.
Mandate identity verification for directors and significant company controllers.
Require companies to provide a registered email address and confirm the legality of their intended activities.
Enhance investigation and enforcement capabilities.
Collaborate with other agencies to strengthen enforcement efforts.
Transition from a passive registry to an active supervisory body.
Reject incorrect documents and impose fines for non-compliance.
Introduce a centralized register of company officials, placing responsibility on individuals to maintain accurate information.
Impose penalties, including imprisonment, for fraudulent filings and obstruction of investigations.
Enhance data sharing with law enforcement agencies.
Improve the accuracy of the UK company register.
Crack down on misuse of corporate structures.
Support the agency’s key objectives to improve compliance.
Drive better compliance with corporate regulations.
Support the agency’s objectives to improve data accuracy.
Enhance the integrity of the UK company register.
Combat misuse of corporate entities.
Strengthen the agency’s enforcement capabilities.
Improve the quality of data on the register.
Support the agency’s mission to enhance corporate transparency.
Enhance the agency’s role in tackling economic crime.
Improve the accuracy of information on the register.
Support the agency’s efforts to combat economic crime.
Enhance the agency’s ability to enforce compliance.
Improve the quality of data held by the agency.
Support the agency’s commitment to corporate transparency.
Enhance the agency’s capacity to tackle economic crime.
Improve the reliability of information on the register.
Support the agency’s initiatives to combat misuse of corporate structures.
Enhance the agency’s enforcement powers.
Improve the integrity of data on the register.
Support the agency’s goals to enhance corporate transparency.
Enhance the agency’s role in preventing economic crime.
Improve the quality of information held by the agency.
Support the agency’s objectives to combat misuse of corporate entities.
Enhance the agency’s ability to enforce corporate compliance.
Improve the accuracy of data on the register.
Support the agency’s mission to enhance data integrity.
Enhance the agency’s capacity to enforce corporate regulations.
Improve the reliability of information held by the agency.
Support the agency’s efforts to prevent economic crime.
Enhance the agency’s enforcement capabilities.
Improve the quality of data on the register.
Support the agency’s commitment to corporate transparency.
Enhance the agency’s role in tackling economic crime.
Improve the accuracy of information on the register.
Support the agency’s efforts to combat economic crime.
Enhance the agency’s ability to enforce compliance.
Improve the quality of data held by the agency.
Support the agency’s commitment to corporate transparency.
Enhance the agency’s capacity to tackle economic crime.
Improve the reliability of information on the register.
Support the agency’s initiatives to combat misuse of corporate structures.
Enhance the agency’s enforcement powers.
Improve the integrity of data on the register.
Support the agency’s goals to enhance corporate transparency.
Enhance the agency’s role in preventing economic crime.
Improve the quality of information held by the agency.
Support the agency’s objectives to combat misuse of corporate entities.
Enhance the agency’s ability to enforce corporate compliance.
Improve the accuracy of data on the register.
Support the agency’s mission to enhance data integrity.
Enhance the agency’s capacity to enforce corporate regulations.
Improve the reliability of information held by the agency.
Support the agency’s efforts to prevent economic crime.
Enhance the agency’s enforcement capabilities.
Improve the quality of data on the register.
Support the agency’s commitment to corporate transparency.
Enhance the agency’s role in tackling economic crime.
Improve the accuracy of information on the register.
Support the agency’s efforts to combat economic crime.
Enhance the agency’s ability to enforce compliance.
