London Registrars

Anyone and everyone who takes seriously the importance of protecting the UK’s national security, prosperity and reputation abroad must be mindful of the threat that money laundering poses. The financial sector is of critical importance to the UK economy. It is because of this that money laundering, especially at the higher end involving the laundering of significant amounts of illicit funds through the financial and professional services industries, is a particular concern. Here at London Registrars, we constantly strive to ensure we are playing our part in stopping the flow of illicit finances arising from criminal activity both at home and overseas. Why is money laundering a particular threat in the UK? The UK takes pride in offering an active and dynamic environment in which to set up a business, with relatively few restrictions on entrepreneurs and business owners. However, it is also the sheer ease with which one can establish a UK business that has long proved a magnet for ...

  On 11 May the Queen delivered her speech marking the State Opening of Parliament. The usual ceremonial elements having been toned down in light of the coronavirus pandemic, the latest Queen’s Speech already looked somewhat different to previous ones, even before Her Majesty began to outline her government’s priorities for the months to come. There were also many elements of the eventual speech that were of particular interest to commercial entities like those making use of our own company secretarial practice for PLCs . Below, then, are some of the most pertinent points for such firms, as detailed in the Queen’s Speech itself and the accompanying briefing notes. Product Security and Telecommunications Infrastructure Bill . This Bill will require manufacturers, distributors and importers of smart devices to comply with minimum security standards in order to guard against cyber attacks. It will also lay out new powers of enforcement, and provide a regulatory f...