FinCEN Files: is the UK Government’s response enough to fix a failing system?

Caroline Harbord (+44 020 7399 4791, caroline.harbord@forsters.co.uk)is a Senior associatein the Commercial Dispute Resolution team at Forsters.

Over3,000 UK registered companies are mentioned in the leak of suspicious activityreports from FinCEN, more than from any other country. On cue, the UK Governmentannounced that company beneficial owners will need to verify their identities,as will directors. Caroline Harbordof Forsters considers the likely impact.