Every year, billions of pounds of dirty money wash through the UK economy. It’s a problem that successive governments have so far been unable – or unwilling – to properly crack down on.
The government hopes to change this in 2023 with the Economic Crime and Corporate Transparency Bill, which is currently making its way through Parliament.
The legislation is intended to reform the role of Companies House, the UK’s register of firms, which, at present, is more like a library of information rather than a watchdog of corporate behaviour.
