Guidance

Information sharing measures in the Economic Crime and Corporate Transparency Act

Guidance on the information sharing measures in the Economic Crime and Corporate Transparency Act 2023.

From:
Home Office, HM Treasury, Ministry of Justice, Companies House, Serious Fraud Office and Department for Business and Trade
Published
4 October 2024

Documents

Guidance on the information sharing measures in the Economic Crime and Corporate Transparency Act 2023

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Details

The Economic Crime and Corporate Transparency Act 2023 allows the direct and indirect sharing of information between businesses in the anti-money laundering regulated sector in order to prevent, detect and facilitate the investigation of economic crime.

The guidance sets out:

  • provisions to ensure that businesses abide by the new measures
  • practical considerations for businesses including mechanisms for cross-sector sharing
  • requirements for law enforcement reporting, UK GDPR compliance, and customer redress

Updates to this page

Published 4 October 2024

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