Company directors will have to verify their identities under rules to be imposed from November.
The Government confirmed the roll-out date yesterday despite fears that the imminent shake-up of Companies House will spark chaos among businesses.
The Mail on Sunday has revealed that only 300,000 have done the checks since an online portal opened for voluntary registrations in April this year.Â
From November 18, new directors must verify their identity to incorporate a company or be appointed to a registered business.
The crackdown, which is designed to tackle fraud and money laundering, has already caused confusion.Â
Some business owners who have completed the checks told The Mail on Sunday that it was a cumbersome and time-consuming process.
New rules: Only 300,000 company directors have completed identity checks since an online portal opened for voluntary registrations in April this year
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