— Bob-a-job-alog-a-roonie

Fake LLCs in the UK – Crazy

This is a fascinating article
https://www.theguardian.com/world/2019/jul/05/how-britain-can-help-you-get-away-with-stealing-millions-a-five-step-guide

Basically:

  • $20 is all you need to register a company in the UK
  • You can supply fake details, nobody checks
  • Money launderers worldwide use these
  • And fraudsters

A LLC company in England looks more legit than one based in, say, Nairobi. Yet it is so simple, I could register one from my home in a few minutes.

Entering fake details is of course illegal. The only person ever charged with this, unfortunately, was someone who registered a company in the name of the MP who made such changes in the law. And the poor bloke was hit with a huge fine for trying to be a good samaritan whistle-blower.

The UK government argues that checking compliance would cost too much (even though almost every other country manages to so).

This is symptomatic of what is wrong with the UK.

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