UK tightens director identity checks as A7 case and first prosecutions land

UK authorities secured their first convictions for director identity verification offences on 16 September, fining three directors. Amid the A7 sanctions-evasion case, which the NCA says moved over $86 billion, Companies House joined the National Fraud Database and the maximum OFSI fine is set to double from 50% to 100% of a breach's value.

• Three directors fined for failing to complete identity verification
• NCA: the A7 network settled over $86 billion in its first year
• OFSI maximum fine to double from 50% to 100% of breach value
• 54% of identity checks are still done manually, SmartSearch says