Tag: economic crime

In October 2023, the UK implemented the Economic Crime and Corporate Transparency Act (ECCTA), setting stringent identity verification (IDV) mandates for shareholders, directors, and persons of significant control (PSCs). This legislation, crafted to enhance the integrity of company data at Companies House, represents a significant pivot towards more rigorous corporate governance.

The UK has recently taken a step in combatting economic crime with the enactment of the Economic Crime and Corporate Transparency bill.

When it comes to navigating the challenges of economic crime, establishing a threat matrix can be a key way to steady the ship.