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Economic Crime and Corporate Transparency Act 2023 (2023 c 56)

This Act aims to enhance the United Kingdom's ability to combat economic crime and improve corporate transparency. It introduces stricter regulations on company ownership, requiring the disclosure of person(s) with significant control over entities. The Act enhances law enforcement's powers to investigate and prosecute fraudulent activities, money laundering, and other forms of financial crime. It also integrates new measures to prevent the abuse of corporate structures and extends compliance obligations for businesses. The legislative developments were driven by heightened concerns over financial crimes undermining economic stability and integrity.

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UUÂãÁÄÖ±²¥ traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Economic Crime and Corporate Transparency Act 2023 (2023 c 56)

This Act aims to enhance the United Kingdom's ability to combat economic crime and improve corporate transparency. It introduces stricter regulations on company ownership, requiring the disclosure of person(s) with significant control over entities. The Act enhances law enforcement's powers to investigate and prosecute fraudulent activities, money laundering, and other forms of financial crime. It also integrates new measures to prevent the abuse of corporate structures and extends compliance obligations for businesses. The legislative developments were driven by heightened concerns over financial crimes undermining economic stability and integrity.

Quick and comprehensive access to the most accurate, up-to-date legislation.

UUÂãÁÄÖ±²¥ traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Economic Crime and Corporate Transparency Act 2023 (2023 c 56)

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