Companies House and Money Laundering Regulations

https://www.ft.com/content/89955e82-4170-11e8-803a-295c97e6fd0b

This FT Article highlights the absolute hypocrisy of the UK authorities when it comes to applying the anti-money laundering gospel that they preach. In order to keep the costs of company formation down they have simply not applied the rules that are applied elsewhere in the world. For example, I would suggest that if one cannot afford the cost of a visit to a notary to validate ID’s etcetera, then one should not be allowed to start a limited liability company which grants a favoured status to the company in terms of indebtedness. 

Author: Danny Barrs

Proud to be European, Prison Poet, Humanist, Moderate Vegan, Republican in the UK sense. Music Lover: Schoenberg, Mahler, Boulez, Shostakovich amongst many others Fair weather cyclist, speed walker, amateur mathematician

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