The ECCTA is the second part of a legislative package to prevent the abuse of UK corporate structures and to tackle economic crime, and it follows on from the Economic Crime (Transparency and Enforcement) Act 2022. ECCTA makes changes to the information required and processes involved in incorp...
The ECCTA outlines a range of measures aimed at cracking down further on the abuse of UK corporate structures and tackling economic crime which will result in several new requirements and changes to Companies House filings for UK entities.
Since the UK Government introduced the Economic Crime and Corporate Transparency (ECCT) Bill in September 2022, there has been much debate as to the scope of the proposed legislation and the impact it might have on reducing economic crime and fraud. The Act has now received Royal assent, addin...
Following government guidance that updates to UK Companies Registries brought about by the Economic Crime and Corporate Transparency Act 2023 (ECCTA) would start to come into force over the course of 2024, the Companies House Registrar (Registrar) has confirmed that initial changes...
UK government passed Economic Crime and Corporate Transparency Act 2023 on 26 October 2023 as part of its efforts to tackle economic crime The Act alters established “identification principle” to introduce a new “senior manager” test, which came into force in December 2023 ...
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) affects all UK registered companies – including professional and non-professional trustee companies. Some of the changes being made by ECCTA are already in force; others are on the way. There are at least five actions tha...
New legislation introduces further sanctions powers and aims to tackle financial crime by revealing identities of overseas beneficial owners of UK property. Following the UK government’s successive sanctions packages, which are the subject of recent Latham & Watkins Client Alerts,[1] the response to...
On 5 May 2022, James Gaudin, Andrew Weaver and Gemma Whale of our Jersey office advised on the implications of a new UK law, the Economic Crime (Transparency
Accountants and the Economic Crime and Corporate Transparency Act 2023 The global body for professional accountants About us Search jobs Find an accountant Technical activities Help & support Global Can't find your location/region listed?...
Fuel-injected through Parliament due to the invasion of Ukraine, the Economic Crime (Transparency and Enforcement) Act 2022 requires those behind foreign companies who own UK property to reveal their identities. Osborne Clarke's Ian Wilkinson, International Head of Real Estate & Infrast...