The UK’s Association of Company Registration Agents (ACRA) has been lobbying the British government to give its members a central role in efforts to counter the UK’s reputation as a leading provider of front companies to organised crime groups, corrupt regimes and other criminals according to a report by the International Consortium of Investigative Journalists (ICIJ).

But it also says that money laundering experts reckon the proposal put forward by ACRA is flawed because some of the association’s members are actively involved in helping establishing shell companies.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!