House of Commons · Written Ministerial Statement
Economic Crime and Corporate Transparency Bill
22 September 2022 · Home Office
Proposed by Suella Braverman Con Fareham and Waterlooville
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Economic Crime and Corporate Transparency Bill aims to combat economic crime.
- The bill includes measures to protect consumers and businesses and enhance national security.
- The bill seeks to improve services at Companies House for UK companies.
Issue summary
The statement introduces the Economic Crime and Corporate Transparency Bill to combat economic crime, including fraud and money laundering.
Action requested
The Government is introducing the Economic Crime and Corporate Transparency Bill, which includes measures to strengthen protections for consumers and businesses, enhance national security by making it harder for criminals to launder money or engage in terrorism financing, and improve services at Companies House for UK companies.
Key facts
- The new Bill builds on the Economic Crime (Transparency and Enforcement) Act 2022.
- It is part of a wider Government approach that includes the Online Safety Bill and upcoming Second Economic Crime Plan and Fraud Action Plan.
- Developed in partnership with law enforcement agencies, financial sector, professional groups, business groups, and civil society organisations.