UK introduces beneficial ownership transparency bill

UK Finance’s Annual Fraud Report for 2022
Further information on COSMIC published by MAS

UK lawmakers have introduced The Economic Crime and Corporate Transparency Bill to parliament which targets beneficial ownership transparency. The bill grants Companies House new powers to cross check data with public and private partners, as well as report suspicious activity to security agencies and law enforcement. The Bill will also make it easier and quicker for law enforcement agencies to seize, freeze and recover cryptoassets, through amendments to the Proceeds of Crime Act (POCA).

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