Blog; Economic Crime and Corporate Transparency Act: Objectives, Changes, and Compliance Requirements
Written by:
Top Service
. 22nd October 2024
What is the Act?
The Economic Crime and Corporate Transparency Act aims to enhance data accuracy on company registers to combat economic crime and boost confidence in the UK economy. It introduces new objectives and powers for the Registrar of Companies, including ensuring document compliance, accurate register information, and preventing unlawful activities.
Purpose of the Act
The Economic Crime and Corporate Transparency Act aims to improve data accuracy on company registers, combat economic crime, and increase confidence in the UK economy.
Registrar’s new objectives
Key changes
Registered Office Addresses:
Statement of Lawful Purpose:
Registrar’s Enhanced Powers:
Enforcement and sanctions
Read more about the new statutory objectives for the Registrar of Companies here.