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1437614

registered interest
date	02/03/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	The United States of America Corporation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans, if any, they have to investigate the authenticity of the information filed at Companies House by The United States of America Corporation Ltd, which has an authorised share capital of £1.8 trillion.
tabling member printed	Lord Sikka
uin	HL6573
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>We are unable to comment on individual cases.</p><p> </p><p>The Registrar of Companies has no current powers to verify information properly delivered in accordance with the requirements of the Companies Act 2006 or other enactments.</p><p>However, following extensive consultation over 2020 and 2021, the Government published on 28 February 2022 a detailed White Paper (copy attached) setting out far-reaching reforms to Companies House which will mean that:</p><ul><li>Anyone setting up, running, owning or controlling a company in the UK will need to verify their identity with Companies House;</li><li>The Registrar will have new powers to challenge information that appears dubious, and will be empowered to inform security agencies of potential wrongdoing;</li><li>Company agents from overseas will no longer be able to create companies in the UK on behalf of foreign criminals or secretive oligarchs.</li></ul><p>It is the Government’s intention to bring forward appropriate legislation early in the next session of this Parliament.</p> answering member printed Lord Callanan grouped question UIN HL6574 HL6575 question first answered 15/03/2022 11:44:13 answering member 4336 label Biography information for Lord Callanan attachment 1 file name corporate-transparency-white-paper.pdf title Corp. Transparency & Register Reform White Paper
tabling member	4885 label Biography information for Lord Sikka

1437615

registered interest
date	02/03/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	The United States of Africa Corporation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans, if any, they have to investigate the authenticity of the information filed at Companies House by The United States of Africa Corporation Ltd, which has an authorised share capital of £500 billion.
tabling member printed	Lord Sikka
uin	HL6574
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>We are unable to comment on individual cases.</p><p> </p><p>The Registrar of Companies has no current powers to verify information properly delivered in accordance with the requirements of the Companies Act 2006 or other enactments.</p><p>However, following extensive consultation over 2020 and 2021, the Government published on 28 February 2022 a detailed White Paper (copy attached) setting out far-reaching reforms to Companies House which will mean that:</p><ul><li>Anyone setting up, running, owning or controlling a company in the UK will need to verify their identity with Companies House;</li><li>The Registrar will have new powers to challenge information that appears dubious, and will be empowered to inform security agencies of potential wrongdoing;</li><li>Company agents from overseas will no longer be able to create companies in the UK on behalf of foreign criminals or secretive oligarchs.</li></ul><p>It is the Government’s intention to bring forward appropriate legislation early in the next session of this Parliament.</p> answering member printed Lord Callanan grouped question UIN HL6573 HL6575 question first answered 15/03/2022 11:44:13 answering member 4336 label Biography information for Lord Callanan attachment 1 file name corporate-transparency-white-paper.pdf title Corp. Transparency & Register Reform White Paper
tabling member	4885 label Biography information for Lord Sikka

1437616

registered interest
date	02/03/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	World Corporate Organization
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans, if any, they have to investigate the authenticity of the information filed at Companies House by World Corporate Organization Ltd, which has an authorised share capital of £900 billion.
tabling member printed	Lord Sikka
uin	HL6575
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>We are unable to comment on individual cases.</p><p> </p><p>The Registrar of Companies has no current powers to verify information properly delivered in accordance with the requirements of the Companies Act 2006 or other enactments.</p><p>However, following extensive consultation over 2020 and 2021, the Government published on 28 February 2022 a detailed White Paper (copy attached) setting out far-reaching reforms to Companies House which will mean that:</p><ul><li>Anyone setting up, running, owning or controlling a company in the UK will need to verify their identity with Companies House;</li><li>The Registrar will have new powers to challenge information that appears dubious, and will be empowered to inform security agencies of potential wrongdoing;</li><li>Company agents from overseas will no longer be able to create companies in the UK on behalf of foreign criminals or secretive oligarchs.</li></ul><p>It is the Government’s intention to bring forward appropriate legislation early in the next session of this Parliament.</p> answering member printed Lord Callanan grouped question UIN HL6573 HL6574 question first answered 15/03/2022 11:44:13 answering member 4336 label Biography information for Lord Callanan attachment 1 file name corporate-transparency-white-paper.pdf title Corp. Transparency & Register Reform White Paper
tabling member	4885 label Biography information for Lord Sikka

1437618

registered interest
date	02/03/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Companies House
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many companies have been registered at Companies House that have persons with significant control based in Russia since the beginning of the Russian invasion of Ukraine.
tabling member printed	Lord Sikka
uin	HL6577
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>Between 24 February and 3 March 2022, 28 new companies and one new limited liability partnership were incorporated reporting Russian nationals as registrable in accordance with PSC legislation. In the same period 9 further companies updated their details to report that a Russian national had become registrable under the same legislation. It should be noted that PSC information is provided by companies and is not verified by Companies House.</p> answering member printed Lord Callanan question first answered 15/03/2022 12:08:36 answering member 4336 label Biography information for Lord Callanan
tabling member	4885 label Biography information for Lord Sikka

1437620

registered interest
date	02/03/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Foreign Companies: Registration
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to conduct checks to ensure the transparency of those registering overseas entities.
tabling member printed	Lord Taylor of Warwick
uin	HL6579
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>On 1 March, the Government introduced the Economic Crime (Transparency and Enforcement) Bill. The Bill will legislate for a new Register of Overseas Entities that will require overseas companies owning or buying property in the UK to provide information about their beneficial owners to Companies House.</p><p> </p><p>Beneficial owners and managing officers of overseas entities will be required to verify their information with a UK professional who is supervised for anti-money laundering purposes, otherwise their registration will be refused. As such, information will be verified at the point of registration, annually as part of the updating duty, and at the point of removal from the register.</p> answering member printed Lord Callanan question first answered 15/03/2022 12:05:36 answering member 4336 label Biography information for Lord Callanan
tabling member	1796 label Biography information for Lord Taylor of Warwick

1437621

registered interest
date	02/03/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Foreign Companies: Registration
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to introduce graduated sanctions to individuals who do not disclose their identity to Companies House in their proposed Registration of Overseas Entities Bill.
tabling member printed	Lord Taylor of Warwick
uin	HL6580
answer	answer is ministerial correction date of answer 15/03/2022 answer text <p>If a foreign company does not comply with the new obligations relating to the Register of Overseas Entities set out in the Economic Crime (Transparency and Enforcement) Bill, criminal sanctions are in place. These include fines or a prison sentence of up to 5 years. The company’s rights over its property will also be affected. We have also included a new provision to allow the imposition of financial penalties for non-compliance without the need for criminal prosecution.</p> answering member printed Lord Callanan question first answered 15/03/2022 12:06:55 answering member 4336 label Biography information for Lord Callanan
tabling member	1796 label Biography information for Lord Taylor of Warwick