ID checks will ensure more transparency

The Economic Crime and Corporate Transparency Act 2023 came into force in late October, and will bring sweeping changes and additional compliance measures to UK company administration. Vialex compliance manager, Natasha Edgecombe looks at how SMEs can get ahead of the game.

Dealmakers now face security dimension

The passing of the National Security and Investment Act 2021, provided the government with the power to scrutinise and intervene in corporate transactions. 18 months on, Legal Director Morag Waller, looks at the practical impacts of the Act’s key provisions on such transactions.

Transparency rule puts owners to the test

Failure to comply with new legislation on property and land ownership which is now required as part of The Economic Crime (Transparency and Enforcement) Act 2022 can prove costly. Vialex legal adviser Scott Paterson looks at some of the basic principles or tests which everyone should know.

Register of Overseas Entities (ROE) goes live

The Register of Overseas Entities which went live on 1 August 2022, is part of the Economic Crime (Transparency and Enforcement) Act 2022 implemented in the wake of the Russian invasion of Ukraine. It represents a significant additional step as part of wider efforts to increase corporate transparency in the UK, to tackle the opaque nature of foreign ownership, and support efforts to tackle money laundering in the UK property market.