Hm Treasury
December 20
09:13
2024
class="gem-c-govspeak govuk-govspeak gem-c-govspeak--direction-ltr govuk-!-margin-bottom-0">
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