Closed 91 events
Threads / Economic Crime and Corporate Transparency Act / Timeline
Lifecycle stage Response Published
1,731 days in stage

Economic Crime and Corporate Transparency Act

The Economic Crime and Corporate Transparency Act 2023 is a comprehensive legislative framework led by the Department for Business and Trade, HM Treasury, and other agencies to combat financial crime and improve corporate transparency. The Act establishes beneficial ownership registers, corporate enforcement mechanisms, and whistleblowing protections, with ongoing implementation through statutory instruments and regulations.

Log in for AI briefing
Showing all 91 signals
Sort Latest first Oldest first
Family
Signal
Year
Body
Role

2026

5 events
24 Apr 2026 | Written question Department for Business and Trade linked

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential merits of conducting a public consultation and review of whistleblowing law as part of the measures a

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential merits of conducting a public consultation and review of whistleblowing law as part of the measures announced in the UK anti-corruption strategy …

▤ View document · ↗ GOV.UK

2025

6 events
3 Mar 2025 | Committee report linked

The Government must review the Modern Slavery Act 2015 and make changes to Section 54 to improve transparency. In particular the Government should: a. Change provision 54(5) such that the areas of reporting in modern slavery statements become mandatory. b. Remove the provision in which companies are allowed to claim to have taken ‘no steps’ to address modern slavery. c. Introduce penalties and name and shame scheme for companies not disclosing Modern Slavery statements. d. Consider the creati...

The Government must review the Modern Slavery Act 2015 and make changes to Section 54 to improve transparency. In particular the Government should: a. Change provision 54(5) such that the areas of reporting in modern slavery statements become mandatory. b. …

▤ View document · ↗ GOV.UK
12 Feb 2025 | Committee report linked

The planned reforms to the role of Companies House leave huge gaps and it is still too easy to register companies fraudulently. The Economic Crime and Corporate Transparency Act 2023 introduces significant changes to the role of Companies House, including new powers to remove inaccurate information from the company register and share data with other government bodies. Prior to the Act, Companies House had limited powers to check the validity of information provided to it, meaning it was easy ...

The planned reforms to the role of Companies House leave huge gaps and it is still too easy to register companies fraudulently. The Economic Crime and Corporate Transparency Act 2023 introduces significant changes to the role of Companies House, including …

▤ View document · ↗ GOV.UK
12 Feb 2025 | Committee report linked

Prior to the introduction of ECCTA in March 2024, Companies House had limited scope to share data or insight with other public bodies such as HMRC. The new measures under ECCTA include the ability to proactively share information with other government departments and law enforcement agencies36. Although Companies House and HMRC said they had been working closely for many years, the organisations told us they are now able to share intelligence with each other with no barriers.37 Companies Hous...

Prior to the introduction of ECCTA in March 2024, Companies House had limited scope to share data or insight with other public bodies such as HMRC. The new measures under ECCTA include the ability to proactively share information with other …

▤ View document · ↗ GOV.UK
12 Feb 2025 | Committee report linked

In March 2024, the first measures of ECCTA came into force. ECCTA introduces significant changes to the role of Companies House which are intended to improve the reliability of the information on the company register and reduce the risk of false registrations. These measures included new powers to check information for company registrations, remove inaccurate information and share information with other government departments and law enforcement agencies.51 Companies House told us it has take...

In March 2024, the first measures of ECCTA came into force. ECCTA introduces significant changes to the role of Companies House which are intended to improve the reliability of the information on the company register and reduce the risk of …

▤ View document · ↗ GOV.UK
12 Feb 2025 | Committee report linked

Some measures introduced under ECCTA will not be fully operational until Companies House develops the necessary systems and capability, or until further secondary legislation is in place. This includes verifying directors’ identities.53 Companies House told us identity verification will be introduced on a voluntary basis from spring 2025 and become mandatory from autumn

Some measures introduced under ECCTA will not be fully operational until Companies House develops the necessary systems and capability, or until further secondary legislation is in place. This includes verifying directors’ identities.53 Companies House told us identity verification will be …

▤ View document · ↗ GOV.UK

2024

40 events
8 Mar 2024 | Impact assessment Department for Business and Trade Department for Business, Energy & Industrial Strategy HM Treasury Home Office Ministry of Justice Serious Fraud Office linked

Economic Crime and Corporate Transparency Act 2023: impact assessments

Impact assessments relating to the Economic Crime and Corporate Transparency Act.

▤ View document · ↗ GOV.UK · ↓ Impact assessment: reform to the identification… (20pp)
+16 more
↓ Impact assessment: introducing a failure to prevent fraud o… (25pp) ↓ Impact assessment: new proactive information request power … (9pp) ↓ Impact assessment: Scottish Solicitors' Discipline Tribunal… (8pp) ↓ Impact assessment for the Department for Business, Energy a… (148pp) ↓ Regulatory Policy Committee opinion: corporate transparency… (11pp) ↓ Regulatory Policy Committee opinion: reform of limited part… (6pp) ↓ Impact assessment: overarching economic crime measures (Hom… (42pp) ↓ Impact assessment: cryptoassets (24pp) ↓ Impact assessment: exemptions for handling mixed suspected … (19pp) ↓ Impact assessment: DAML (20pp) ↓ Impact assessment: information orders (22pp) ↓ Impact assessment: information sharing (29pp) ↓ Regulatory Policy Committee opinion: Economic Crime and Cor… (9pp) ↓ Impact assessment: enhanced due diligence: designation of h… (6pp) ↓ Impact assessment: the removal of the statutory cap on fina… (11pp) ↓ Impact assessment: regulators of legal services: objective … (8pp)

2023

16 events
26 Oct 2023 | Policy paper Department for Business and Trade Department for Business, Energy & Industrial Strategy HM Treasury Home Office Ministry of Justice linked

Economic Crime (Transparency and Enforcement) Bill 2022: overarching documents

These documents relate to the bill stage of the Economic Crime (Transparency and Enforcement) Act 2022.

▤ View document · ↗ GOV.UK · ↓ Draft Economic Crime (Transparency and Enforcem…
+3 more
↓ Draft Economic Crime (Transparency and Enforcement) Bill (65pp) ↓ Fact sheet: The Register of Overseas Entities (web accessib… ↓ Fact sheet: unexplained wealth order reforms (web accessibl…
26 Oct 2023 | Policy paper Department for Business and Trade HM Treasury Home Office Ministry of Justice Serious Fraud Office linked

Economic Crime and Corporate Transparency Act 2023: ECHR memoranda

European Convention on Human Rights memoranda relating to the Economic Crime and Corporate Transparency Act.

▤ View document · ↗ GOV.UK · ↓ ECHR memorandum: parts 1-3 Economic Crime and C…
+3 more
↓ ECHR memorandum: parts 4-5 Economic Crime and Corporate Tra… ↓ Supplementary ECHR memorandum: amendments made to parts 1-3… ↓ Supplementary ECHR memorandum: amendments made to parts 4 a…
16 May 2023 | Announcement Department for Business and Trade linked

Contingencies Fund Advance

UIN: HCWS773 The Economic Crime and Corporate Transparency Bill will reform the operations of Companies House by setting out new objectives for the Registrar of Companies, including additional powers to query and amend the register where it is suspected that …

▤ View document · ↗ GOV.UK
16 May 2023 | Announcement Department for Business and Trade linked

Contingencies Fund Advance

UIN: HLWS760 My Hon Friend the Minister for Enterprise, Markets and Small Business (Kevin Hollinrake MP) has today made the following statement.The Economic Crime and Corporate Transparency Bill will reform the operations of Companies House by setting out new objectiv...

▤ View document · ↗ GOV.UK
1 Feb 2023 | Announcement Department for Business, Energy & Industrial Strategy linked

Progress on the Register of Overseas Entities and new capabilities to tackle abuse of UK corporate structures

UIN: HLWS530 The Register of Overseas Entities is a vital new information tool for our law enforcement agencies and is part of the Government’s comprehensive and ongoing programme to tackle and prevent economic crime and illicit finance.The Government legislated for …

▤ View document · ↗ GOV.UK

2022

12 events
22 Sep 2022 | Announcement Home Office linked

Economic Crime and Corporate Transparency Bill

UIN: HCWS300 The Government is today introducing the Economic Crime and Corporate Transparency Bill, as committed to in the Queen’s Speech at the start of this Parliamentary session. Building on the recently enacted Economic Crime (Transparency and Enforcement) Act 20...

▤ View document · ↗ GOV.UK
22 Sep 2022 | Announcement Department for Business, Energy & Industrial Strategy linked

Economic Crime and Corporate Transparency Bill

UIN: HLWS296 My Right Honourable friend the Secretary of State for the Home Department has today made the following statement:The Government is today introducing the Economic Crime and Corporate Transparency Bill, as committed to in the Queen’s Speech at the …

▤ View document · ↗ GOV.UK
30 Jun 2022 | Committee report linked

The Government’s unwillingness to bring forward legislation to stem the flow of dirty money is likely to have contributed to the belief in Russia that the UK is a safe haven for corrupt wealth. It is shameful that it has taken a war to galvanize the Government into action. The measures in the Economic Crime (Transparency and Enforcement) Act 2022, while welcome, do not go far or fast enough and do little to address the fundamental mismatch between the resources of law enforcement agencies and...

The Government’s unwillingness to bring forward legislation to stem the flow of dirty money is likely to have contributed to the belief in Russia that the UK is a safe haven for corrupt wealth. It is shameful that it has …

▤ View document · ↗ GOV.UK
1 Mar 2022 | Announcement Home Office linked

Economic Crime (Transparency and Enforcement) Bill

UIN: HCWS653 Following the announcement made by the Prime Minister in his statement on Thursday 24 February in response to Russia’s invasion of Ukraine, the Government is today introducing the Economic Crime (Transparency and Enforcement) Bill. The introduction of the...

▤ View document · ↗ GOV.UK
1 Mar 2022 | Announcement Home Office linked

Economic Crime (Transparency and Enforcement) Bill

UIN: HLWS636 My rt hon Friend the Secretary of State for the Home Department (Priti Patel) has today made the following Written Ministerial Statement:Following the announcement made by the Prime Minister in his statement on Thursday 24 February in response …

▤ View document · ↗ GOV.UK
2 Feb 2022 | Committee report linked

Reform of Companies House is essential if UK companies are no longer to be used to launder money and conduct economic crime. We welcome the work being done by the Department for Business, Energy and Industrial Strategy and by Companies House to modernise the legal framework and operations of Companies House. However, the pace of change is slow. The problems with UK company structures were identified by the Government in 2014 in the UK Anti-Corruption Plan. While there have been welcome innova...

Reform of Companies House is essential if UK companies are no longer to be used to launder money and conduct economic crime. We welcome the work being done by the Department for Business, Energy and Industrial Strategy and by Companies …

▤ View document · ↗ GOV.UK
2 Feb 2022 | Committee report linked

Waiting until the operational transformation of Companies House is complete risks further delay beyond 2025 if, as with many public sector change and IT projects, 78 Economic Crime unexpected difficulties slow project delivery. Given the urgency of the problem, the Government should seek ways to implement as many reforms as possible sooner, before embedding a full transformation.

Waiting until the operational transformation of Companies House is complete risks further delay beyond 2025 if, as with many public sector change and IT projects, 78 Economic Crime unexpected difficulties slow project delivery. Given the urgency of the problem, the …

▤ View document · ↗ GOV.UK
2 Feb 2022 | Committee report linked

We are disappointed that the Registration of Overseas Entities Bill is still awaiting introduction, more than five years after it was promised, and after scrutiny by a Joint Committee. Improving transparency of ownership of UK property is an important step that needs to be taken in order to improve defences against misuse of UK assets and companies by criminals and kleptocrats.

We are disappointed that the Registration of Overseas Entities Bill is still awaiting introduction, more than five years after it was promised, and after scrutiny by a Joint Committee. Improving transparency of ownership of UK property is an important step …

▤ View document · ↗ GOV.UK
2 Feb 2022 | Committee report linked

We urge the Government to include a Registration of Overseas Entities Bill in the Queen’s Speech for the next Parliamentary session. (Paragraph 247) Economic Crime 79

We urge the Government to include a Registration of Overseas Entities Bill in the Queen’s Speech for the next Parliamentary session. (Paragraph 247) Economic Crime 79 Type: recommendation | Number: 56 | Response status: not_addressed Government response: The government agrees …

▤ View document · ↗ GOV.UK

2021

2 events

2020

2 events
22 Sep 2020 | Announcement Home Office linked

Modern Slavery

UIN: HCWS463 Today the Government has published its response to the Transparency in Supply Consultation. A copy of the Government response will be placed in the Libraries of both Houses and it will also be published on Gov.UK. The landmark …

▤ View document · ↗ GOV.UK

2019

2 events

2017

1 event
22 Jun 2017 | Impact assessment Home Office linked

Criminal Finances Bill impact assessments and RPC ratings

These impact assessments assess the regulatory and business impact of the Criminal Finances Bill.

▤ View document · ↗ GOV.UK · ↓ Overarching impact assessment (29pp)
+13 more
↓ Disclosure orders: impact assessment (9pp) ↓ Disclosure orders: RPC rating (3pp) ↓ Information sharing: impact assessment (10pp) ↓ Information sharing: RPC rating (3pp) ↓ Power to obtain further information: impact assessment (9pp) ↓ Power to obtain further information: RPC rating (3pp) ↓ Extension of suspicious activity reports moratorium period:… (9pp) ↓ Extension of suspicious activity reports moratorium period:… (3pp) ↓ Seizure of mobile stores of value: impact assessment (8pp) ↓ Unexplained wealth orders: impact assessment (10pp) ↓ Privacy: impact assessment (11pp) ↓ Forfeiture of bank accounts: impact assessment (12pp) ↓ Forfeiture of bank accounts: RPC rating (4pp)

2016

2 events
13 Jul 2016 | Policy paper Home Office linked

Policing and Crime Bill: financial sanctions and miscellaneous

These documents relate to the financial sanctions and miscellaneous provisions in the Policing and Crime Bill.

▤ View document · ↗ GOV.UK · ↓ Factsheet: financial sanctions (5pp)
+6 more
↓ Factsheet: National Crime Agency (2pp) ↓ Factsheet: live streaming (1pp) ↓ Factsheet: foreign national offenders (3pp) ↓ Factsheet: forced marriage anonymity (2pp) ↓ Factsheet: taxi-PHV licensing (3pp) ↓ Factsheet: seizure of cancelled passports (2pp)

2015

3 events