Thomson ReutersFile photo shows the shadow of the Shard cast across the financial district of London as seen from The View from The Shard
LONDON (Reuters) – British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows.
Some formation agents, who typically offer to create new businesses for fees of about 200 pounds ($288) or less, fail to perform significant due diligence on who their customers are or why they are buying new companies, according to lawyers. The agents offer to set up companies within a day or even a few hours, allowing time for on…
Read the full article at: http://www.businessinsider.com/r-how-uk-company-formation-agents-fuel-fraud-2016-3