One man has set up a series of fake banks on Companies House - with real bank names, no checks, and zero consequences.
There need to be consequences in law to prevent. It would be very simple to restrict any person convicted of fraud to be banned from creating new companies or ever holding any office again whether private, public or charitable.
This is already a law but over worked civil servants are probably not prioritising it. It’s the company directors disqualification act 1986 I think.
There need to be consequences in law to prevent. It would be very simple to restrict any person convicted of fraud to be banned from creating new companies or ever holding any office again whether private, public or charitable.
This is already a law but over worked civil servants are probably not prioritising it. It’s the company directors disqualification act 1986 I think.