New rules on public records held by Companies House of dissolved businesses could mean that records are now deleted after six years rather than 20.
The information currently stored holds information on former and current directors and shareholders.
Currently there are 170 Million records within the data base which is used an a open source for fraud investigators.
The new time limit on the records could now mean fraudsters could avoid investigation in order to comply with data protections laws.
It is believed the new rules would only protect criminals and those with something to hide and have a massive impact on fraud investigations.
Enjoyed this article?
There’s a lot of misinformation doing the rounds about #coronavirus, and it’s hard to know who to trust. Visit NHS Directly to find out what the symptoms are, how to prevent the spread, and who should stay at home..