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COT and Extensions (Risks (People don't know their being appointed…
COT and Extensions
Risks
People don't know their being appointed
Adverse Affect on credit rating
Compaints (sometimes very stressful to deal with)
ID theft
Unaware of responsibilities
Malicious change of company name
Company hijack
Risk of revealing sensitive information via response to queries
Fraud
Same auth code used for multiple companies
Updates submitted for wrong company
DPA breach
Happens frequently
People have no knowledge of the company let alone being a director
Complaints
Casework
Get requests from agents to strike company off
Contacts
Prolonged casework
We have unverified addresses
Lots of returned mail
Unverified PTFs and Extensions
Complaints that directors are unaware of these requests
Complaints from directors that have been placed on the prosecution path even though they don't want their company anymore
Happens sometimes
Misuse of auth code
Queries
Complaints
Addresses used fraudulently
Complaints
Registrars powers processes initiated
Fraudulent/false filings
Registrars powers processes initiated
Complaints