The UK business verification initiative comes amid changing regulations for businesses operating in the UK. Starting in Autumn 2025, anyone setting up, running, owning, or controlling a company in the UK, namely directors and persons with significant control (PSCs), will be required to verify their identity. Company directors and PSCs can already voluntarily verify their identity through Gov.uk One Login or an Authorised Corporate Service Provider (ACSP). Hong Kong plans to roll out the Digital Corporate Identity Platform or CorpID by the end of 2026, Secretary for Innovation, Technology and Industry Sun Dong announced last Wednesday.