✓ Passed into LawLords
UK Parliament · Bill
Economic Crime and Corporate Transparency Act 2023
Summary
This Act strengthens the rules for UK companies and those buying property in Britain. It requires better checks on who really owns companies, cracks down on shell companies used for crime, and gives authorities stronger powers to investigate and stop economic crime.
A vote to support means
- —Supporting this Act means backing stronger rules to stop criminals from hiding money and using UK companies for illegal activities. It helps protect the public by making it harder for fraudsters, corrupt officials, and money launderers to operate in the UK.
A vote to oppose means
- —Critics worry the Act creates extra paperwork and costs for legitimate businesses and charities. Some are also concerned about privacy issues, as the Act requires more personal information about company owners to be recorded and checked.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Parliament's Vote510 MPs
43% Ayes · 22157% Noes · 289
Bill Passage
Commons
- 1st reading22 Sept 2022
- 2nd reading13 Oct 2022
- Committee stage25 Oct 2022
- Report stage24 Jan 2023
- 3rd reading25 Jan 2023
Lords
- 1st reading30 Jan 2023
- 2nd reading8 Feb 2023
- Committee stage27 Mar 2023
- Report stage20 Jun 2023
- 3rd reading4 Jul 2023
Full Bill Description(click to expand)
No description available