questionText: To ask the Secretary of State for Business and Trade, what the value of fines (a) issued and (b) paid for non compliance with the requirements of the Register of of Overseas Entities was as of 4 September 2023; and how many fines were (i) issued and (ii) paid as of 4 September 2023.
answerText: Before imposing a penalty, a warning notice must be issued. Over 1,200 notices have so far been issued. As of 4 September 2023, fourteen penalties have been issued for non-compliance with a value of circa £490,000, zero have been paid. A further five pena...
heading: Foreign Companies: Registration