Treasury Committee chair says Government must be ‘ready to act’ on FinCEN Files

Campaigners argue that the UK needs to reform its company registration if it wants to continue to be seen as a good place to do business. “You can open a company in your pyjamas in 24 hours for £12 without showing any ID,” Ms Wood said. She added: “It is impacting on the UK’s reputation as a place to do business. Never has that been more important than as we approach a financial crisis and Brexit.”