@ArmitageJim @premnsikka. 1/ The Times’s @RobertEJWatts writes ‘Companies House under fire as fake firms get seal of ‘approval’ for just £12. Bogus crypto business highlights the failings of Companies House.’ Fraud & #MoneyLaundering are endemic in the UK Financial system, … 
2/ the ‘5 figure apparatchiki’ at @theFCA(FSA) has turned a blind eye for decades + UK fraud/racketeering laws are so weak + unenforceable that the ‘5 figure apparatchiki’ at the #NECC/#NCA, #SFO & @CPSUK have seemingly given up criminally prosecuting fraudsters (with …
https://twitter.com/ianbeckett/status/1358510534723780608
3/ spiffy QC’s). The solution is straightforward but unpalatable for the ‘5 figure apparatchiki’ & their chums that benefit from the current ‘situation’: 1. Implement USA style Wirefraud/RICO laws & hard sentences as a REAL deterrent. 2. Require all UBO’s to be people & have …
4/4 a UK HMRC tax account (which they would have to pay the HMRC to verify their identity). 3. Company formation agents would have to be sole UK citizens/UK resident + face consecutive Wirefraud/RICO style 20yr jail terms for compliance failure as would UBO’s.
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