The fraud leader at trade body UK Finance has said that the UK Government needs to fix the “dysfunctional” Companies House because it is helping to facilitate business fraud.
Nick Van Benschoten, the director of international illicit finance at UK Finance, alongside fraud bosses at NatWest and HSBC, took aim at the online register of UK-based companies.
“Companies House is supposed to be a key part of the information infrastructure underpinning the business environment,“ he commented, adding: “At the moment it is a dysfunctional part, and other people cannot compensate for that.”
