- Two more companies have been shut down as the Insolvency Service continues its campaign against unregulated firms exploiting the Companies House register to give more than 12,000 overseas clients a false UK business presence
- UK Sinosia Business Limited and Longshine Overseas Limited registered more than 4,300 UK companies for predominantly China-based clients, diverting all fees to Chinese bank accounts, and providing no evidence they carried out the money laundering checks they were required to do
- Five companies have now been shut down for using the same business model following action taken by the Insolvency Service against three connected businesses earlier this year
- The cases were referred to the Insolvency Service by…
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
