LONDON, June 11 -- The government of the United Kingdom issued the following news:

The report is the latest update into the implementation of parts 1 to 3 of theEconomic Crime and Corporate Transparency Act 2023 (ECCT Act)which brought about the most significant reforms to UK company law in almost 2 centuries.

From credit to purchasing, the register plays a key role in informing a vast number of business decisions every day. A more accurate and robust register will inform better decision-making, bolstering confidence and supporting growth of the UK economy.

Significant steps to address fraudulent entries and tackle criminalabuseof the registerhave been taken.Mandatory identity verificationhas been introduced, misleading information is being removed from the register at scale, and deeper collaboration with partnersincluding HMRC,TheInsolvency Serviceand othersis delivering tangible results.

The report revealsthat:

* since itsintroductionin November 2025,nearly 4million individuals have verified their identities and linked their appointments, helping protect businesses and the public from fraud * since March 2024,151,000 company addresseshave beenremoved from the register, protecting innocent people from identity hijacking * collaborationwith law enforcement partnershasseenmillions insuspectedcriminal proceedsseized

There is more to do, and Companies House is on track to deliver the next phase of reforms. Further identity verification rollout, enhanced transparency of the Register of Overseas Entities, and a more systematic, intelligence-led approach to enforcement are all underway.

This next phase will ensure actionremainstargeted, proportionate, and effective, supportinglegitimatebusinesses whiletargetingthose whoseekto abuse the system.A strengthenedregister willsupport growth inthe UKeconomyandfurtherreinforcethe value that limited liability bringstobusinesses.

Andy King, Chief Executive of Companies House,said:

This report is anotherpowerful indicatorof the progress we aremaking,andarecontinuing to make,as we transform from a passive register to atrusted guardianofcriticaldata.

Knowing thatthe reformsarehaving a positive impact by protecting people and businesses from harm and helping totacklecriminal misuse of the register ishugely encouraging.

While there is more to do,these reformsare alreadymakinga tangible contributionto promotingeconomic growth bybuilding a registeristrusted,transparentandsupportsa healthy,accountablebusiness environment.

Duncan Beach, Chief Executive at the Insolvency Service, said:

Improving the integrity of the Companies House register is central to our enforcement strategy, and the progress set out in this report directly supports our ambition to be recognised as the UK's leading authority in enforcing corporate and insolvency standards.

A moreaccurateregister strengthens our ability toidentifythose who abuse the corporate landscape and take robust action against criminals who defraud businesses and taxpayers.

The Economic Crime and Corporate Transparency Act has given us more than 100 offences to work with, and by deepening our partnership with Companies House, we are ensuring that those who seek to exploit the system face real and meaningful consequences.

Read the full report.

Notes

The third progress report covers the period 1 April 2025 to 31 March 2026 and is presented to Parliamentpursuant tosection 213(1) of the Economic Crime and Corporate Transparency Act 2023.

Further reports will be published every 12 months until 2030.

Disclaimer: Curated by HT Syndication.