Corporate transparency and register reform: powers of the registrar
Executive summary
AAT recognises the need for reform in relation to the powers and processes of Companies House to improve reliability and usability of information, and to prevent deliberate abuse of the registers to facilitate financial wrongdoing and other offences.
As an anti-money laundering supervisor, AAT is particularly concerned with, and supportive of, any measures intended to limit the opportunities for companies to use fraudulent information on the register to hide money laundering activity.
Related consultation responses
Spring Budget 2024 representation
This representation ahead of the March 2024 Spring Budget sets out AAT’s policy position on tax, professional standards, support for SMEs and late payments.
Reforming anti-money laundering and counter-terrorism financing supervision
AAT contends that the OPBAS+ model is the most suitable option and would result in a demonstrable improvement in the sector.
Office for Professional Body Anti‑Money Laundering (OPBAS) sourcebook update
We welcome the review of the sourcebook and are in support of the proposed changes. However, we question the clarity and accuracy of the cost analysis.
Technology-related revisions to the International Code of Ethics for Professional Accountants
AAT agrees with the proposals and considers them to be sufficiently comprehensive in covering the various threats that may arise in the circumstances envisaged.
