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839296

registered interest
date	08/02/2018
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: Recruitment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 22 January 2018 to Question 123021, what information his Department holds on the number of staff who will be recruited to Companies House in 2018-19; and what plans he has to increase recruitment to that organisation after the next 12 months.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	127850
answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>Companies House ensures it has the appropriate amount of resources to effectively manage the register, including undertaking the required level of enforcement of the register of People of Significant Control. Staffing levels for 2018/19 have yet to be finalised but these will be made available in its Business Plan which will be published before the next financial year.</p><p> </p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 20/02/2018 15:35:38 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4657 label Biography information for Anneliese Dodds

839297

registered interest
date	08/02/2018
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: Ownership
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to introduce automated verification systems in Companies House to check the accuracy of the register of beneficial ownership for companies; and how much it costs to maintain the public register each year with regards to staff, IT and any associated overheads.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	127851
answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>There are no current plans to introduce automated verification of beneficial ownership information.</p><p> </p><p>However, Companies House is undertaking a number of activities to improve the quality of information relating to beneficial ownership, the People with Significant Control (PSC) data, on the register, including:</p><p> </p><p>1. contacting companies where they believe the company has misunderstood the requirements, to ensure that the records are corrected and that they comply with their legal requirements;</p><p>2. pursuing companies that have not provided PSC information in their confirmation statement or that have not provided a statement of additional matters;</p><p>3. following up with companies and PSCs where they have issued notices to their PSC (asking the PSCs to provide them with information), or restrictions (where a PSC has failed to provide information), to ensure they update the information on their company records;</p><p>4. seeking compliance from companies where there has been a complaint about missing or incorrect PSC information.</p><p> </p><p>The cost of maintaining the entire public register in 2016/17 was £56.6m. Staff costs were £28.5m and non-staff administration costs were £28.1m. Further information can be found in the Companies House Annual Report and Accounts for 2016/17.</p><p> </p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 20/02/2018 15:34:41 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4657 label Biography information for Anneliese Dodds

839302

registered interest
date	08/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Money Laundering
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many people have been (a) convicted and (b) fined under the Money Laundering Regulations 2007 by offence since 2010.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	127856
answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>Since 2010, over 9700 people in England and Wales have been successfully convicted for money laundering offences – most of these are under the Proceeds of Crime Act 2002 (POCA) which provides for various money laundering offences, including where an individual knows or suspects they may be facilitating money laundering or seeks to conceal criminal property. The Money Laundering Regulations 2007 and the subsequent update, the Money Laundering Regulations 2017 (MLRs) focus on ensuring regulated businesses put in place controls to guard against money laundering or terrorist finance. Supervisors are appointed by the Treasury to monitor compliance with these regulations and primarily use a range of supervisory tools to promote compliance, including warning notices, action plans, financial penalties or withdrawal of the right to practice. The vast majority of breaches of the MLRs are remedied or penalised using these supervisory tools. Since 2010 there were over 3,539 fines issued on firms and individuals across the regime.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/02/2018 17:16:01 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds