Events listed in Economic Crime (Transparency and Enforcement) Act 2022
The Register of Overseas Entities (Verification and Exceptions) (Amendment) ...
ID 26380
On December 19, 2023, the Register of Overseas Entities (Verification and Exceptions) (Amendment) Regulations 2023 were published on legislation.gov.uk, the official UK platform for the publication of legal texts. To recall, the „Register of Overseas Entities“ was created by the Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA) in an emergency in response to Russia’s invasion of Ukraine. Under the Act, overseas entities wishing ...
Economic Crime and Corporate Transparency Act 2023
ID 25511
The new Economic Crime and Corporate Transparency Act 2023 was published on legislation.gov.uk, the official UK platform for publicizing legal texts. The Act implements the corresponding Bill that was drafted in 2022 and which primarily provides for legislation to hold companies responsible for the prevention of fraud in an effort to combat financial crime, including money laundering. #### „Failure to prevent fraud“ In detail, ...
Correction Slip 1
ID 23980
The UK government has published a correction slip relating to the Economic Crime (Transparency and Enforcement) Act 2022 on legislation.gov.uk, the official platform for publicizing legal texts. Specifically, the document corrects a minor error in regulation 2 (2) of the Economic Crime (Transparency and Enforcement) Act 2022 (Commencement No. 3) Regulations 2022 (SI 2022/876) as regards the application of provisions contained in regulation 4 ...
The Register of Overseas Entities (Penalties and Northern Ireland Dispositions) ...
ID 23825
The Register of Overseas Entities (Penalties and Northern Ireland Dispositions) Regulations 2023 were published on legislation.gov.uk, the official UK government web site for publicizing legal documents. The regulations supplement the Economic Crime (Transparency and Enforcement) Act 2022 in that they – grant powers to the Registrar to impose, modify, or revoke financial penalties in relation to legal and natural persons not complying with their ...
The Register of Overseas Entities (Definition of Foreign Limited Partner, ...
ID 23270
The Register of Overseas Entities (Definition of Foreign Limited Partner, Protection and Rectification) Regulations 2023 as regards the registration of beneficial owners in the corresponding UK registry in accordance with the Economic Crime (Transparency and Enforcement) Act 2022 were published on legislation.gov.uk, the official website for publicizing legal texts in UK. The regulations (1) provide a comprehensive definition of „foreign limited partner” for purposes .. ...
Compliance Real Estate and REITs for Overseas Entities
ID 22388
Compliance Real Estate and REITs: The Register of Overseas Entities (Disclosure and Dispositions) Regulations 2023 The regulations supplement the Economic Crime (Transparency and Enforcement) Act 2022. In that they specify– the entities to whom otherwise protected information, such as the date of birth, place of residency, or trust information, of beneficial owners may be disclosed by the registrar of companies, e.g. to the Financial ...
Economic Crime and Corporate Transparency Bill 2022: Factsheets
ID 21502
In view of the current scrutiny of the Economic Crime and Corporate Transparency Bill 2022 in the UK Parliament which proposes major legislative changes to require additional transparency over firms conducting business in UK and to enhance the enforcement powers of government agencies with respect to economic crimes, including crimes relating to money laundering (ML) and the financing of terrorism (FT), the UK government ...
Letter to overseas entities who own or lease property or land in the UK
ID 21384
On January 9, 2023, the Companies House, a government agency responsible for the maintenance of business registers, published an open letter addressed at „overseas entities who own or lease property or land in the UK“ or have owned or leased such property or land in the past. The letter is targeted at entities that are included in the property and land register of the ...