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Wedlake Bell

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Key Updates to the Register of Overseas Entities following the enactment of the Economic Crime and Corporate Transparency Act 2023

After years of postponement, the swift enactment of the Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) marked a pivotal moment in the government’s efforts to enhance corporate transparency. Central to the Act was the establishment of the Register of Overseas Entities (the “Register”), which is maintained by Companies House and records the beneficial owners of overseas entities holding land and property in all parts of the UK.