Cifas says Companies House has become a member of the National Fraud Database, the shared fraud-risk database run by Cifas. Cifas says the membership will help Companies House spot suspicious activity around company registrations earlier and act faster where a company appears linked to fraud. It links the move to the wider powers Companies House gained under the Economic Crime and Corporate Transparency Act, including verifying the identity of directors.
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The National Fraud Database is where CIFAS markers are recorded, so its membership now reaches beyond banks and lenders to the company register. Cifas’ announcement does not say exactly how Companies House will use or add to the database.