What is the ‘Economic Crime and Corporate Transparency Act’? (Companies House May 2024 Update)

The ‘Economic Crime and Corporate Transparency Act’ is a set of robust laws which aim to fight corruption and fraud and boost legitimate businesses. 

• Companies House is key to the act, the act aims to strengthen the UK’s Registrar’s powers
• Companies House can play a more effective role in gatekeeping the economy and allowing only legitimate businesses to form. 
• The first set of changes took place on March 4th 2024 and more are expected on May 1st 2024. 

You can find our explanation of the Act in our start-up hub or we recommend referring to Companies House and gov.uk for more information.