Head office | 01772 653 000

Fylde coast office | 01253 347 063

The Economic Crime and Corporate Transparency Bill has been introduced to give Companies House greater powers to tackle the use of businesses as a front for crime.

Anyone who registers a company in the UK will need to verify their identity, and Companies House will be given new powers to check, challenge and decline incorrect or fraudulent information. It will also be able to cross check data with public and private partners, and report suspicious activity to security agencies and law enforcement.

Under the provisions of the Bill, law enforcement agencies will also be granted stronger powers to more easily and quickly seize, freeze and ultimately recover crypto-assets which are increasingly used for illicit activity and ransomware attacks.

The government has published a series of factsheets that explain the various provisions in the Bill.

Share Follow NWL Chamber on Facebook Twitter Share Follow NWL Chamber on LinkedIn Back to News channel

Latest Articles

Live Chat


Active Lancashire Logo blackpool and the fylde college bhm logo code galaxy fi real estate management fox group james brearley logo merlin ryan logo Studio LWD logo Sustainable Energy First Logo team leyland logo