Is your business ready for the ECCTA?
The ECCTA has given more power to Companies House by introducing stringent measures to combat financial crime, enhance corporate transparency and strengthen the integrity of financial systems.
Ensuring that your operations and processes are compliant with the regulation as it rolls out is essential to avoiding serious financial and legal penalties. Vistra can help.
ID verification is now mandatory.
Prevent disruption and get compliant.
What does the ECCTA mean for your business?
Enhanced Compliance Requirements
Businesses face stricter compliance, due diligence and reporting requirements under the ECCTA. This includes verifying director and persons with significant control identities and tougher registry filing requirements.
Increased regulatory scrutiny
Expect increased information sharing with regulators, leading to more audits and investigations into business affairs with penalties for non-compliance.
Impact on business operations
The ECCTA impacts business operations, including corporate structure management and internal controls. Businesses must adapt practices to meet new standards.
Risk management
The ECCTA emphasises risk management where businesses must identify, assess and mitigate economic crime risks through robust internal controls and monitoring.
How Vistra can help you navigate the ECCTA compliance
ECCTA awareness training
CPD certified online director and senior manager training course to ensure your team understands and adheres to the new legal duties and obligations of the ECCTA.
Vistra’s trusted by global businesses
Learn more about the ECCTA
52% of company directors admit they are not yet compliant with the ECCTA ID verification requirements
Our latest Vistra pulse survey of global company directors has revealed significant gaps in readiness for the requirements of the ECCTA. Don’t risk non-compliance, act now to secure your personal codes.
In the media
UK firms unprepared for Companies House crackdown
CityAM
15 July 2025
Firms cannot afford to wait on identity verification reform
FT Adviser
08 July 2025
Companies House to mandate filing by software
The Accountant
02 July 2025
Date set for company directors to face new ID checks – how to avoid paying hundreds on verification
MoneyWeek
24 June 2025
Economic Crime and Corporate Transparency Act
Your questions answered
How does the ECCTA impact UK-based legal entities?
All UK registered companies need to comply with the new requirements as set out in the ECCTA. This includes any global entity with a UK nexus. In order to be compliant, companies must:
- Ensure that the identities of directors of companies, as well as the identities of PSCs, including where Relevant Legal Entities of companies are listed, individuals within limited liability partnerships and limited partnerships are registered by submitting IDV documentation to Companies House.
- Ensure corporate structures are transparent and legally compliant.
- Keep statutory records up to date and provide accurate ownership disclosures.
What are the consequences of non-compliance?
Failure to comply with the ECCTA regulations may result in:
- Financial penalties for companies and individuals.
- Restrictions on company operations.
- Possible criminal liability for directors and officers.
- Reputational damage and increased regulatory scrutiny.
What should businesses be doing now mandatory IDV is live?
- Assess the impact of ECCTA on your company and the disruption of non-compliance.
- Engage with an Authorised Corporate Service Provider (ASCP) to facilitate compliance.
- Gather and verify the necessary IDV documentation without delay.
- Submit required disclosures to Companies House at earliest opportunity.
