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A comment on US passes anti-corruption law that effectively bans anonymous shell companies. Parent comment

Re:US passes anti-corruption law that effectively bans anony... by twic on Saturday January 02, 2021 @12:11PM (#25614260)
In my experience of doing this, the cost was negligible. If you freaked out and spent a lot of money on it, that's your business.

> the penalty is prison time, and not a fine

You aren't going to prison for an honest mistake. mens rea, innit.

As some solicitors say [1]:

> It is a criminal offence not to:

> * Take reasonable steps to find out if there is anyone who is a PSC and identify them to Companies House

> * Give notice to the registrar of companies of an entry alteration or note in a company’s PSC register within 14 days of any change being made

> The sanctions for such offences are a fine or possible imprisonment.

> In the event that you do not comply with your PSC requirements Companies House will contact your business and give you an opportunity to rectify the position, before proceeding to enforcement action.

https://www.gl.law/insight/news/criminal-effects-psc-regulat...

[ Parent | on HN ]
Re:US passes anti-corruption law that effectively bans anony... by generalizations on Saturday January 02, 2021 @01:58PM (#25615351)
You seem like someone who isn't risk-averse. Personally, I like to know that what I'm doing doesn't put me at the mercy of an annoyed / overworked bureaucrat. I don't think it's only police officers who sometimes enforce where they shouldn't.
[ Parent | on HN ]