Economic Crime and Corporate Transparency Act 2023
Although receiving Royal Assent on 26th October 2023, most provisions of this Economic Crime and Corporate Transparency Act 2023 require commencement regulations to be brought into effect and so are not currently in force. Once fully implemented, the Act will provide a range of measures to tackle money laundering, corruption and fraud. This includes greater transparency over who owns and controls Limited Companies and limited partnerships (LPs). The CAAV Note of 9th May 2023 outlines how the...