The Economic Crime and Corporate Transparency Bill was made into UK law on 26^th October, heralding tough new laws to fight financial crime. Katarina Pranjic explains what this legislation paves the way for, namely:

• Companies House reform to prevent abuse of the companies register.
• Powers for Companies House to investigate and act on suspected wrongdoing.
• Seize and freeze powers for law enforcement to more easily recover crypto assets used in criminal activities.
• Removal of red tape to boost financial crime prevention efforts.
• New intelligence gathering powers for the NCA.

Watch this 5 minute video to discover why the new legislation is a much-needed step forward in the UK’s efforts to turn the tide on financial crime.