In this episode of the ICAEW Insights podcast, we look at the Economic Crime Bill currently passing through Parliament.
The Bill follows the Economic Crime Act, which became law in March. That legislation was fast tracked in response to the Russian invasion of Ukraine and included a raft of measures to sever economic ties with Russia. Now, this new Bill aims to bring about wider changes on how financial information is gathered and shared in the UK.
Reforming Companies House is front and centre. As registrar of companies, the aim is to make it more active in spotting misbehaviour and in working with law enforcement. So what will that mean for chartered accountants as reporting and filing requirements for companies change and what else is in the Bill?
Philippa Lamb discusses the Bill with ICAEW’s Head of Corporate Reporting Policy Sally Baker, Paul Brehony, Partner at Signature Litigation, and Edmund Smyth, Partner at Kingsley Napley.
Episode first published: 7 December 2022
Podcast recorded: 28 November 2022
All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members. This podcast was recorded during lockdown and followed all social-distancing guidelines.