The City of London Police have issued guidance to spot fraudulent companies that may use business centres as a cover for their illegal activities.
In partnership with Action Fraud and HM Revenue & Customs, The City of London Police have launched Operation Broadway which is aimed at creating a hostile environment for fraudsters and organised criminal gangs.
They have also put together useful tips for things to look out for and hope that business centre operators will train their teams to use these simple techniques to spot potential “at risk” clients.
Landlords and serviced office providers can help themselves by:
They go on to point out that criminals using virtual and serviced offices could have a detrimental impact on the provider’s reputation with legitimate businesses sharing the same address as fraudulent ones.
Here is what The City of London Police believe business centres should look for:
HM Revenue & Customs has produced an anti-money laundering guidance document for companies like business centres and virtual office providers, which can be downloaded HERE. It sets out legal requirements and good practice to help businesses comply with anti-money laundering legislation.
More information about money laundering and compliance can be found on The BCA website HERE.
Download the Operation Broadway PDF Op Broadway eshot NEW