Understand the impact of a business prohibition
Business prohibition data helps you identify individuals who are legally restricted from running or participating in business activities. Access to this information supports stronger due diligence, reduces compliance risk, and protects your organisation from entering into high-risk relationships.
A person under business prohibition cannot run a business, serve on a company board, act as a partner in a trading partnership, or sign on behalf of a company. They are also not allowed to work in a relative's business. The prohibition requires them to stop all business activity immediately, wind up any current assignments, and refrain from starting new ventures.
Business prohibitions typically last between three and ten years and are often issued following economic crime.