Economic Crime and Corporate Transparency Act 2023
- paulrobinson764
- Aug 14, 2025
- 2 min read
The UThe UK’s Economic Crime and Corporate Transparency Act 2023 (ECCTA) marks a major shift in corporate governance, enhancing Companies House’s role from passive registry keeper to vigilant gatekeeper. Key updates include:
Identity Verification (IDV):
From autumn 2025, identity verification will be mandatory for all new directors, persons with significant control (PSCs), and applicants filing documents at Companies House. Failure to comply—even by existing directors—may result in offences or penalties.mondaq.com+15
Voluntary IDV Phase:
Voluntary identity checks have been available since 8 April 2025, allowing individuals to proactively verify via GOV.UK One Login or through Authorised Corporate Service Providers (ACSPs).en.wikipedia.org+3
Timeline & Transition Period:
From 18 November 2025: Mandatory IDV for all new incorporations and director appointments.mondaq.com+3
A 12-month transition window will apply for existing directors and PSCs, requiring completion of IDV during their next confirmation statement cycle.mondaq.com+10
Individuals responsible for filing at Companies House will need verified identities by Spring 2026.mondaq.com+15
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Role of ACSPs:
ACSPs are third-party intermediaries (e.g., solicitors, auditors) authorised by Companies House, and supervised under AML regulations, to verify identities and assist with documents filing. They provide an alternative to direct GOV.UK verification.mondaq.com+13
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Why This Matters
These reforms aim to reduce fraud, improve data reliability, and increase transparency across UK business registrations. Companies and their officers should prepare now—verify your identity voluntarily during the summer of 2025 to ensure a smooth transition and avoid penalties or filing delays.klgates.com+7
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Need help staying ahead?
Watchdog Services lets you monitor individuals registered to businesses you care about—whether it's new appointments, changes among PSCs, or updates in filing activity. Ensure you're always informed and compliant in this rapidly evolving regulatory landscape.K’s Economic Crime and Corporate Transparency Act 2023 (ECCTA) marks a major sh