The Minister of State, Department for Business and Trade ( of Lainston) (Con):...While
Companies House will not be able to directly share data with
overseas entities, new data-sharing powers included in the Bill
will enable it to better share information with UK law
enforcement agencies, such as the National Crime
Agency which may have intelligence on overseas
companies and entities that they will be able to share with the
registrar, or request it from overseas bodies to help her fulfil
her functions. As I say, Companies House has excellent
relationships with law enforcement bodies, such as HMRC and the
NCA. A key area of transformation for Companies
House is close working with law enforcement to allow for an
efficient flow of intelligence and investigative support between
the two. We have debated already, either at Second Reading or in
this Committee, a great deal of the legislation that is being
brought to enable for better data sharing and transparency...
...We recently published our Economic Crime Plan 2, which I think
came out in March and which I am happy to furnish the noble Lord
with. The plan is to reduce money laundering, recover criminal
assets, combat kleptocracy, drive down sanctions evasion and cut
fraud. We have a variety of key committees, including the
economic crime strategy board chaired by the Home Secretary and
the Chancellor. We have a joint anti-corruption unit in the Home
Office and, of course, we have the National Crime
Agency and HMRC, which would feed the data into that as
well...
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