UK Companies House releases third ECCTA 2023 progress report

Short summary

The UK's Companies House released its third progress report on the Economic Crime and Corporate Transparency Act 2023 (ECCTA), detailing efforts to combat fraud and illicit finance. The report highlights removal of over 119,000 officer addresses, 151,000 misused registered office addresses, and 920 companies placed on expedited strike-off pathways. Enhanced intelligence sharing with the Insolvency Service and HMRC, plus new enforcement powers, signal a more proactive regulatory posture.

• •Companies House removed 151,000 misused registered office addresses and placed 920 companies on expedited strike-off
• •50% of register abuse relates to fraud; 25% to illicit finance including money laundering and sanctions evasion
• •Enhanced intelligence sharing with Insolvency Service and HMRC targets abusive phoenixism and false filings

Generated with AI, which can make mistakes.