Managing Associate Christopher Gribbin was interviewed by Commercial Dispute Resolution Magazine, to discuss the likelihood of the UK Economic Crime and Corporate Transparency Bill 2022 (ECCT Bill), becoming statute as early as 2023.
The Bill will further tighten controls related to company law, money laundering and crypto-assets and follows the passing of the Economic Crime (Transparency and Enforcement) 2022 Act (ECTE Act) in
March last year, which saw the establishment of a register of overseas entities, a reinforcement of the Unexplained Wealth Order rules and amendment to sanctions provisions.
Christopher Gribbin said: “As a result of the urgency attached to the fast tracked introduction of [the ECTE Act] in March 2022, a number of reforms and other legislation the government had been thinking about introducing for some time fell outside that Act, so this second Bill is intended to sweep up those remaining pieces.”
Read the full article on the Commercial Dispute Resolution website (subscription required).