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The United Kingdom’s Economic Crime and Corporate Transparency Act 2023 (ECCTA) received Royal Assent on October 26, 2023, after being introduced on Parliament in September 2022.
The EECTA modifies the Companies Act of 2006 with the following changes:
Once implemented, the introduced changes will affect all types of companies in the United Kingdom as well as established branch offices of overseas entities.
Measures expected to come into force in early 2024 include: