The new Economic Crime and Corporate Transparency Bill: its plans to reform Companies House and improve policing of cryptoassets
October 17, 2022
In this post, we summarise the new Economic Crime and Corporate Transparency Bill (the Bill) which was published on 22 September 2022 and the significant reform proposed to the role of Companies House. The Bill proposes giving Companies House improved investigation and enforcement powers and makes changes to strengthen regulators’ powers to seize and detain cryptoassets. If granted, this legislation will represent the largest reform to Companies House in 170 years. The Bill also proposes expansions of the Serious Fraud Office’s (SFO) investigative powers (see article here).