The bill includes several key reforms, including:
Identity verification for company directors and significant control individuals.
Empowering Companies House to oversee and verify company data.
Improving the accuracy and reliability of financial information on the register.
Strengthening investigation and enforcement powers for Companies House.
Addressing the misuse of limited partnerships.
Providing law enforcement with powers to seize and recover cryptoassets associated with criminal activities.
Strengthening anti-money laundering powers and enabling better information sharing.