Companies House launches voluntary identity verification to enhance data reliability, protect the register from misuse, and bolster the UK’s defences against fraud and economic crime

By verifying the identities of individuals setting up, running, or controlling companies, the government aims to increase transparency, reduce money laundering, and prevent fraud. This measure is part of the Economic Crime and Corporate Transparency Act 2023, which grants Companies House enhanced powers to ensure the integrity of the UK’s business register. The service helps prevent criminals from using false identities to set up shell…