This information comes to light at the same time that the Economic Crime and Corporate Transparency Act 2023 goes into effect, giving Companies House more authority to examine, reject, clarify, and remove false information from its registration.

The registrar has verified that these false filings—which purport to show that a charge has been satisfied—remain legitimate and enforceable under the law, even as it investigates the matter and takes precautions to lessen the risks involved.

A comprehensive strategy for KYB
 

These developments highlight the importance of implementing a thorough approach to Know Your Business (KYB) practices for FullCircl.


FullCircl supports comprehensive Know Your Customer (KYC) procedures in conjunction with real-time screening of firm data in light of instances like the recent rogue filings at Companies House.

Apart from providing real-time updates on Companies House data, such as mortgages, charges, and debentures, FullCircl provides access to a vast database of company data that is gathered from more than 40 sources.

This enormous dataset, which contains 250 billion data points, offers a better understanding of a company's financial health in addition to verifying information from Companies House.

In addition, FullCircl users gain from being able to keep an eye on their clients' activity and get alerts on important occasions, including mortgage satisfactions, which facilitates proactive risk management.

FullCircl guarantees its clients that it will maintain constant watchfulness to guarantee the accuracy of data obtained from its vendors. If clients have any questions or concerns about the recent rogue filings that Companies House has highlighted, they are urged to get in touch with their assigned account managers.