JOINT STOCK COMPANY TELEPORT BANK Disqualified

The Companies House register of disqualified directors records that JOINT STOCK COMPANY TELEPORT BANK has been disqualified from acting as a corporate director from 6 August 2026. The disqualification is recorded under Section 3A of the Sanctions and Anti-Money Laundering Act 2018 (case reference RUS3714) and has no specified end date (recorded on the register as 9999-12-31).

Disqualification details

| Field | Detail |

| --- | --- |

| Registered Name | JOINT STOCK COMPANY TELEPORT BANK |

| Entity Type | Corporate Officer |

| Disqualification Type | Sanction |

| Start Date | 6 August 2026 |

| End Date | 9999-12-31 (No end date specified) |

| Statutory Basis | Sanctions and Anti-Money Laundering Act 2018, Section 3A |

| Case Reference | RUS3714 |

| Named Companies | Not stated in the published source |

Companies named on the register

The public register entry does not list specific UK corporate entities associated with this disqualification entry.

What a corporate disqualification means in law

Under UK law, a corporate entity disqualified as a director cannot serve as a corporate director or officer of any UK-registered company without prior leave of the court. Disqualifications designated under Section 3A of the Sanctions and Anti-Money Laundering Act 2018 automatically restrict targeted corporate entities from taking up or continuing in directorship roles across UK jurisdictions.

Acting as a corporate director while subject to a disqualification order or sanction designation is a serious breach of statutory obligations. Officers or managers of a corporate body who knowingly allow the disqualified entity to act as a director may face personal liability for company debts under the Company Directors Disqualification Act 1986. Further guidance on director duties and insolvency enforcement is published by The Insolvency Service.

What this means for lenders, suppliers and counterparties

Commercial lenders, trade creditors, and corporate governance teams must verify that corporate officers appointed to counterparties are not subject to disqualification orders or sanctions designations. When conducting counterparty due diligence, institutional lenders often combine director checks with a winding up search to ensure potential corporate borrowers have no unresolved insolvency petitions or regulatory restrictions.

Key practical steps for risk teams include:

1. Verify corporate structure: Confirm whether any entity in a counterparty's ownership or governance structure is subject to sanctions disqualifications.

2. Review historic appointments: Check filing history on Companies House to ensure the entity has been formally removed from any active directorship positions.

3. Execute combined searches: Perform a complete corporate check alongside a winding up petition search to evaluate broader financial and regulatory exposure.

4. Automate monitoring: Use free company monitoring to receive alerts if corporate directorships or legal status changes unexpectedly.

How to check a director or company

Legal and compliance professionals can inspect disqualification entries on the official Companies House portal or monitor daily updates via the Corp Intel daily list of disqualified directors. Checking both directorship registers and high-court cause lists ensures thorough risk mitigation during M&A transactions or commercial lending onboarding.

For credit teams and counterparty risk officers

Corporate due diligence requires continuous verification of directorship eligibility and insolvency status. Missing a corporate officer disqualification or sanction designation during client onboarding can trigger severe regulatory penalties and counterparty default risks. Conducting a timely winding up search alongside corporate register checks provides defensible, audit-ready compliance reporting before financial commitments are finalised.

FAQ

What is Section 3A of the Sanctions and Anti-Money Laundering Act 2018?

Section 3A provides for the disqualification of individuals or corporate entities designated under UK sanctions regulations from acting as company directors or corporate officers.

How long does a corporate sanctions disqualification last?

Where the public register lists an end date of 9999-12-31, the disqualification remains in force indefinitely until the underlying sanctions designation is varied or revoked by the UK government.

Can a disqualified corporate officer remain on a company board?

No. Once disqualified, the entity cannot hold a corporate directorship in any UK company unless explicit leave is granted by a court.

Why is a winding up petition search performed during directorship checks?

A winding up search identifies pending court petitions or insolvency proceedings that may not yet appear on standard corporate registry filings, helping credit managers assess overall counterparty risk.

Disclaimer

This report summarises an entry on the Companies House register of disqualified directors. It states only what the public register records and makes no further allegation. Anyone believing an entry is reported incorrectly should email contact@corp-intel.co.uk.