Lack of beneficial ownership (BO) verification enables mass registration of UK companies linked to “pig butchering” fraud schemes

Analysis found 168 UK-registered companies linked to fraudulent cryptocurrency trading schemes – many sharing addresses or domain registrations. Most directors are resident abroad and companies are registered at residential or non-commercial addresses. The pattern points to gaps in BO verification enabling mass corporate abuse by organised crime.

Year published

Show records from 2023

Jurisdiction

Show records from United Kingdom of Great Britain and Northern Ireland

Region

Show records in Europe and Central Asia

Topics

Show records tagged: Organised crime

Type of resource

Show records of type Journalism