{"id":3669,"date":"2026-05-05T12:03:13","date_gmt":"2026-05-05T12:03:13","guid":{"rendered":"https:\/\/businassist.com\/blog\/?p=3669"},"modified":"2026-05-05T12:11:39","modified_gmt":"2026-05-05T12:11:39","slug":"economic-crime-and-corporate-transparency-act","status":"publish","type":"post","link":"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/","title":{"rendered":"Economic Crime and Corporate Transparency Act (ECCTA): What UK Businesses Need to Know"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3670\" src=\"https:\/\/businassist.com\/blog\/wp-content\/uploads\/2026\/05\/Economic-Crime-and-Corporate-Transparency-Act.webp\" alt=\"Economic Crime and Corporate Transparency Act\" width=\"1000\" height=\"667\" srcset=\"https:\/\/businassist.com\/blog\/wp-content\/uploads\/2026\/05\/Economic-Crime-and-Corporate-Transparency-Act.webp 1000w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2026\/05\/Economic-Crime-and-Corporate-Transparency-Act-300x200.webp 300w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2026\/05\/Economic-Crime-and-Corporate-Transparency-Act-768x512.webp 768w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2026\/05\/Economic-Crime-and-Corporate-Transparency-Act-120x80.webp 120w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>The Economic Crime and Corporate Transparency Act (ECCTA) is a major UK law introduced in 2023 to combat fraud, improve corporate transparency, and strengthen Companies House powers. Here\u2019s what every UK business needs to know.<\/p>\n<p>With this Act, <a href=\"https:\/\/www.gov.uk\/government\/organisations\/companies-house\">Companies House<\/a> has gained new powers other than registering companies. Some of the powers granted to Companies House under ECCTA include scrutinising and rejecting filings, <a href=\"https:\/\/businassist.com\/verify-your-identity-for-companies-house.php\">verifying directors<\/a>&#8216; and PSCs&#8217; identities, removing fraudulent information, and imposing financial penalties.<\/p>\n<p>This article discusses everything business owners need to know regarding the ECCTA.<\/p>\n<div class=\"takeAwayDesign\">\n<p>Key Takeaways<\/p>\n<ul>\n<li>ECCTA is a UK law introduced in 2023 to combat economic crime.<\/li>\n<li>Companies House now has stronger powers to verify and reject filings.<\/li>\n<li>Identity verification is mandatory for directors and PSCs.<\/li>\n<li>Businesses must implement stronger anti-fraud measures.<\/li>\n<\/ul>\n<\/div>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Post Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#What_Is_the_Economic_Crime_and_Corporate_Transparency_Act_ECCTA\" >What Is the Economic Crime and Corporate Transparency Act (ECCTA)?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Key_changes_under_ECCTA\" >Key changes under ECCTA<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Major_reforms_to_Companies_House\" >Major reforms to Companies House<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Identity_verification\" >Identity verification<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Failure_to_prevent_a_fraud_offence\" >Failure to prevent a fraud offence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Increased_data_sharing_and_transparency\" >Increased data sharing and transparency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Stricter_rules_on_company_information\" >Stricter rules on company information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Expanded_corporate_criminal_liability\" >Expanded corporate criminal liability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Broaden_the_scope_of_liability\" >Broaden the scope of liability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#Consequences_of_non-compliance\" >Consequences of non-compliance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#What_do_UK_businesses_need_to_do\" >What do UK businesses need to do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#ECCTA_Compliance_Checklist_for_UK_Businesses\" >ECCTA Compliance Checklist for UK Businesses<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#ECCTA_Summary_for_UK_Businesses\" >ECCTA Summary for UK Businesses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/businassist.com\/blog\/economic-crime-and-corporate-transparency-act\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_the_Economic_Crime_and_Corporate_Transparency_Act_ECCTA\"><\/span><strong>What Is the Economic Crime and Corporate Transparency Act (ECCTA)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Economic Crime and Corporate Transparency Act 2023 was put into place in the United Kingdom to address any problems associated with economic crime and corporate transparency. The Economic Crime and Corporate Transparency Act 2023 came into effect after receiving Royal Assent on 26th October 2023.<\/p>\n<p>Typically, the aims of the Act are:<\/p>\n<ul>\n<li>Prevention of misuse of companies in the UK through fraud<\/li>\n<li>Improvement of the capability of the UK in countering economic crime<\/li>\n<li>Improving the reliability of data on companies<\/li>\n<\/ul>\n<p>The Act brings many changes to Companies House.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_changes_under_ECCTA\"><\/span><strong>Key changes under ECCTA<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"129\" data-end=\"333\">The Economic Crime and Corporate Transparency Act introduces several major reforms that significantly change how Companies House operates and how businesses ensure compliance.<\/p>\n<table>\n<thead>\n<tr>\n<th style=\"text-align: center;\">Feature<\/th>\n<th style=\"text-align: center;\">Before ECCTA<\/th>\n<th style=\"text-align: center;\">After ECCTA<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\">Companies House<\/td>\n<td style=\"text-align: center;\">Passive registry<\/td>\n<td style=\"text-align: center;\">Active regulator<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">Identity Verification<\/td>\n<td style=\"text-align: center;\">Not required<\/td>\n<td style=\"text-align: center;\">Mandatory<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">Fraud Liability<\/td>\n<td style=\"text-align: center;\">Limited<\/td>\n<td style=\"text-align: center;\">Expanded corporate liability<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>These changes significantly increase compliance responsibilities for UK businesses.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1729\" src=\"https:\/\/businassist.com\/blog\/wp-content\/uploads\/2025\/01\/legal-and-compliance-aspects-of-a-registered-office-address.jpg\" alt=\"legal and compliance aspects of a registered office address\" width=\"999\" height=\"500\" srcset=\"https:\/\/businassist.com\/blog\/wp-content\/uploads\/2025\/01\/legal-and-compliance-aspects-of-a-registered-office-address.jpg 999w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2025\/01\/legal-and-compliance-aspects-of-a-registered-office-address-300x150.jpg 300w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2025\/01\/legal-and-compliance-aspects-of-a-registered-office-address-768x384.jpg 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Major_reforms_to_Companies_House\"><\/span><strong>Major reforms to Companies House<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>One of the most important reforms introduced by ECCTA concerns the evolution of the Companies House from being a mere registry into an active regulatory authority. As part of this reform:<\/p>\n<ul>\n<li>The Companies House can choose to verify, challenge, or reject any information that is provided<\/li>\n<li>They may ask for more documentation if there is a suspicion that something is going on<\/li>\n<li>They can remove any incorrect or fraudulent information<\/li>\n<\/ul>\n<p>In the past, Companies House did not have many options and had to accept the information provided in every case. However, due to the passing of ECCTA, this has changed.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Identity_verification\"><\/span><strong>Identity verification<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>As of now, companies must ensure that their company officers have been through <a href=\"https:\/\/businassist.com\/verify-your-identity-for-companies-house.php\">identity verification<\/a>. The company officers refer to company directors, people of significant control (PSCs), and the individuals making the filings. Such actions help them use legal names and avoid involvement in money laundering.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Failure_to_prevent_a_fraud_offence\"><\/span><strong>Failure to prevent a fraud offence<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Another provision of ECCTA that is likely to bring about the maximum number of changes is the corporate offence of failing to prevent fraud. Under such legislation, firms can become liable if a worker, agent, or associated party carries out fraudulent acts that benefit the firm.<\/p>\n<p>The firm will have to prove that it took all necessary precautions to avoid such fraudulent acts. It is anticipated that this offence would apply to larger firms, and they would be subject to unlimited fines in case of non-compliance.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Increased_data_sharing_and_transparency\"><\/span><strong>Increased data sharing and transparency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Companies House has the authority to disclose information to law enforcement organisations and other government departments to fight economic crime. This enables:<\/p>\n<ul>\n<li>Quicker detection of any suspicious activities<\/li>\n<li>Closer cooperation among regulatory authorities<\/li>\n<li>Stronger enforcement of economic crime measures<\/li>\n<\/ul>\n<p>Firms can anticipate more rigorous examination of their records and operations as a consequence.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Stricter_rules_on_company_information\"><\/span><strong>Stricter rules on company information<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>ECCTA establishes tougher regulations for company filings, which include:<\/p>\n<ul>\n<li>Correct <a href=\"https:\/\/businassist.com\/blog\/registered-office-address-service-london-uk\/\">registered office address<\/a><\/li>\n<li>Enhanced quality and consistency of filing information<\/li>\n<li>Greater disclosure concerning ownership and control<\/li>\n<\/ul>\n<p>Non-compliance could lead to enforcement measures, such as fines and sanctions. Extended corporate criminal liability broadens the application in the United Kingdom. Until now, it has been tough to bring charges against companies when their crimes<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Expanded_corporate_criminal_liability\"><\/span><strong>Expanded corporate criminal liability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Expand the number of cases in which organisations could be held liable for economic crimes. It will completely change the way organisations are regulated.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Broaden_the_scope_of_liability\"><\/span><strong>Broaden the scope of liability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Make it easier to hold organisations accountable for economic crimes. This represents a major shift in how businesses are regulated and prosecuted.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Consequences_of_non-compliance\"><\/span><strong>Consequences of non-compliance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Non-compliance with the new ECCTA regulations may result in very negative consequences, which include the following:<\/p>\n<ul>\n<li>Penalties (up to \u00a310,000 or even more)<\/li>\n<li>Sanctions against an organisation<\/li>\n<li>Reputational harm<\/li>\n<li>Regulation of operations<\/li>\n<\/ul>\n<p>The introduction of new mechanisms means companies cannot stay passive with respect to their regulatory requirements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_do_UK_businesses_need_to_do\"><\/span><strong>What do UK businesses need to do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Before the ECCTA takes effect, organisations should consider taking the following steps:<\/p>\n<p><strong>Corporate governance assessment:<\/strong><\/p>\n<p>Determine whether changes to the existing corporate governance practices and make adjustments if necessary.<\/p>\n<p><strong>Enhance fraud prevention mechanisms:<\/strong><\/p>\n<p>Consider the implementation of improvements to your organisation&#8217;s anti-fraud practices by doing the following:<\/p>\n<ul>\n<li>Perform a risk assessment<\/li>\n<li>Implement anti-fraud policies<\/li>\n<li>Educating business must be ready to avoid the &#8220;failure to prevent fraud&#8221; offence.<\/li>\n<\/ul>\n<p><strong>Validate corporate records:<\/strong><\/p>\n<p>Ensure the accuracy and consistency of your corporate records in the Companies House are:<\/p>\n<ul>\n<li>Accurate<\/li>\n<li>Consistent<\/li>\n<li>Complete<\/li>\n<\/ul>\n<p>Any mistakes or inconsistencies might spark a regulatory investigation.<\/p>\n<p><strong>Identity verification readiness:<\/strong><\/p>\n<p>Adequate preparation must be done for the identification process among all directors and other stakeholders.<\/p>\n<p><strong>Stay current on the regulations:<\/strong><\/p>\n<p>As ECCTA is being introduced slowly, it is important to:<\/p>\n<ul>\n<li>Stay current with the regulations<\/li>\n<li>Observe the deadlines for implementation<\/li>\n<li>Be mindful of other legal responsibilities<\/li>\n<\/ul>\n<p>The passing of ECCTA can be considered a major achievement in corporate governance in the United Kingdom. This law aims to enhance security and trust by ensuring transparency, strictness, and responsibility on the part of businesses.<\/p>\n<p>Businesses will not only have the opportunity to avoid penalties but also become credible actors within the UK economic environment through adequate preparation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"ECCTA_Compliance_Checklist_for_UK_Businesses\"><\/span><strong>ECCTA Compliance Checklist for UK Businesses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"590\" data-end=\"690\">To stay compliant with the Economic Crime and Corporate Transparency Act (ECCTA), businesses should:<\/p>\n<ul data-start=\"692\" data-end=\"936\">\n<li data-section-id=\"1f9kzwj\" data-start=\"692\" data-end=\"741\">Verify the identity of all directors and PSCs<\/li>\n<li data-section-id=\"1n2wp9k\" data-start=\"742\" data-end=\"804\">Ensure Companies House records are accurate and up to date<\/li>\n<li data-section-id=\"10rb2kx\" data-start=\"805\" data-end=\"867\">Implement strong anti-fraud policies and internal controls<\/li>\n<li data-section-id=\"1ug3maz\" data-start=\"868\" data-end=\"936\">Regularly monitor regulatory updates and compliance requirements<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"ECCTA_Summary_for_UK_Businesses\"><\/span><strong>ECCTA Summary for UK Businesses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li data-section-id=\"1xpir9q\" data-start=\"527\" data-end=\"576\">ECCTA increases transparency in UK businesses<\/li>\n<li data-section-id=\"1kfluz5\" data-start=\"577\" data-end=\"631\">Companies House now has stronger regulatory powers<\/li>\n<li data-section-id=\"kj9cei\" data-start=\"632\" data-end=\"693\">Identity verification is mandatory for directors and PSCs<\/li>\n<li data-section-id=\"1rf43lc\" data-start=\"694\" data-end=\"759\">Non-compliance can lead to fines, penalties, and legal action<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>Q: What are the main objectives of the Economic Crime and Corporate Transparency Act?<br \/>\nAns:<\/strong> The main objectives of an ECCTA are to combat economic crime and create corporate structures to improve the accuracy of Companies House data.<\/p>\n<p><strong>Q: When did the Economic Crime and Corporate Transparency Act come into effect?<br \/>\n<\/strong><strong>Ans: <\/strong>The Economic Crime and Corporate Transparency Act (ECCTA) received a royal assent on 26 October 2023.<\/p>\n<p><strong>Q: Are there new penalties for non-compliance under the Economic Crime and Corporate Transparency Act?<br \/>\n<\/strong><strong>Ans: <\/strong>Yes, there are new penalties for non-compliance under the ECCTA, which include increased fines, civil financial penalties, and criminal liability. Companies House has gained powers to fine companies directly.<\/p>\n<p><strong>Q: Does the Act affect overseas entities or foreign directors?<br \/>\n<\/strong><strong>Ans: <\/strong>Yes, the ECCTA Act affects both foreign companies and directors with an establishment in the UK. Overseas entities expanding to the UK must meet legal requirements. Foreign directors must verify their identity when <a href=\"https:\/\/businassist.com\/uk-ltd-company-formation.php\">incorporating a UK company<\/a> as part of the registration requirement.<\/p>\n<p><strong>Q: How can businesses stay compliant with the new Companies House rules?<br \/>\n<\/strong><strong>Ans: <\/strong>Businesses can stay compliant by mandating <a href=\"https:\/\/businassist.com\/verify-your-identity-for-companies-house.php\">identity verification<\/a> for all directors and People with Significant Control (PSCs). Without identity verification, new companies cannot be incorporated, while already existing companies cannot file documents with Companies House.<\/p>\n<p><strong>Q: Do dormant companies need to comply with the Act?<br \/>\n<\/strong><strong>Ans: <\/strong>Yes, there are regulations stipulated in the Act that <a href=\"https:\/\/businassist.com\/blog\/dormant-company\/\">dormant companies<\/a> must comply with. Despite not having an active business transaction, dormant companies must provide a registered email address, <a href=\"https:\/\/businassist.com\/confirmation-statement-filing-service.php\">file annual confirmation statements<\/a>, and comply with the identity verification process.<\/p>\n<p><strong>Read Also:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/businassist.com\/blog\/companies-house-director-identity-verification\/\" rel=\"bookmark\">A Complete Guide to Companies House Director Identity Verification<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/companies-house-late-filing-penalties\/\" rel=\"bookmark\">Companies House Late Filing Penalties: What You Need to Know in 2025<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/why-would-a-company-register-a-charge-with-companies-house\/\" rel=\"bookmark\">Why would a Company Register a Charge with Companies House?<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/certificate-of-good-standing-companies-house\/\" rel=\"bookmark\">Understanding the Certificate of Good Standing for UK Companies: What It Is and Why It Matters!<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/how-to-change-sic-code-on-companies-house\/\" rel=\"bookmark\">How to Change Your SIC Code on Companies House: A Step-by-Step Guide for UK Businesses<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/how-do-i-find-my-government-gateway-user-id-and-password\/\" rel=\"bookmark\">Lost Your Government Gateway User ID and Password? Here\u2019s How to Find Them<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/companies-house-authentication-code\/\" rel=\"bookmark\">Companies House Authentication Code: What You Need to Know<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/companies-house-default-address\/\" rel=\"bookmark\">Everything You Need to Know About Companies House Default Address<\/a><\/li>\n<\/ul>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What are the main objectives of the Economic Crime and Corporate Transparency Act?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"The main objectives of the Economic Crime and Corporate Transparency Act (ECCTA) are to combat economic crime, prevent misuse of companies, and improve the accuracy and reliability of Companies House data.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"When did the Economic Crime and Corporate Transparency Act come into effect?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"The Economic Crime and Corporate Transparency Act (ECCTA) received Royal Assent on 26 October 2023.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Are there new penalties for non-compliance under the Economic Crime and Corporate Transparency Act?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Yes, the ECCTA introduces new penalties for non-compliance, including increased fines, civil financial penalties, and potential criminal liability. 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