The UK’s record of companies is to be reformed to introduce proper checks on whether directors are real people, in an attempt to combat major crime. The long-delayed reform, announced by the government, comes after years of evidence that Companies House is serially abused by gangsters and fraudsters. The reform will finally force companies to prove who their directors are. Experts on corruption and white collar crime say billions of pounds of illicit profits are laundered through the lax Companies House system every year. While the announcement has been roundly welcomed by campaigners, it’s not clear when the change will be implemented because it will require legal changes to be passed in Parliament. What is Companies House? Companies House is the UK’s register of firms, their directors and the significant shareholders who control the business. The register is such an important part of global business, it is searched million of times a day by people who need information on Britis..