Alun Milford, Partner in our Criminal Litigation Team has been quoted in Accountancy Daily giving his views on the introduction of new powers given to Companies House in an effort to reduce the potential loss from financial crime.
Companies House will be given greater powers to query, investigate and remove false information in the registration of company directors, in efforts to reduce the potential £137bn lost globally to financial crime, according to Transparency International UK.
This announcement follows up on earlier statements of intent, and plainly it makes sense to reinforce Companies House as part of a wider response to economic crime.
But, as ever, proof of the pudding will be in the eating and Companies House will clearly also need greater resources if it is to implement these important changes effectively."
For further information on the issues raised in this news post, please contact a member of our criminal team.
About the author
Alun Milford is a partner in the Criminal Litigation team and specialises in serious or complex financial crime, proceeds of crime litigation and corporate investigations. He has particular knowledge and experience of issues surrounding corporate crime and deferred prosecution agreements. He joined Kingsley Napley from the public sector where, over a twenty-six year career as a government lawyer and public prosecutor, he worked in a wide variety of roles including General Counsel at the Serious Fraud Office, the Crown Prosecution Services’ Head of Organised Crime, its Head of Proceeds of Crime and Revenue and Customs Prosecutions Office’s Head of Asset Forfeiture Division.