UK’s 2nd progress report on ECCTA 2023 signals a tougher stance on corporate abuse, with stronger Companies House powers, stricter ownership transparency, and faster ID checks to fight fraud and FC

Key reforms include the phased introduction of identity verification for directors and beneficial owners by autumn 2025, enhanced oversight of limited partnerships, and improvements to the Register of Overseas Entities. Thousands of compliance warnings and penalties have been issued, while data protection measures have been bolstered. Backed by over £100 million in funding, these measures are part of a long-term rollout through 2027, aimed at tackling fraud, preventing abuse of UK company structures, and bolstering economic crime enforcement…