Economic Crime and Corporate Transparency Act

ECCTA is a wide-ranging piece of legislation, addressing a number of issues, but broadly themed around measures to prevent financial crime and to promote transparency in the ownership and use of corporate structures. It contains diverse and unrelated provisions, some of which came into force immediately in December 2023, while others will be brought into force throughout 2024 and into 2025.

Companies and partnerships will need to take steps to address some of what ECCTA brings immediately, while other changes cannot effectively be addressed until they are clarified by secondary legislation or government guidance.