Practical Compliance: The UK’s Economic Crime (Transparency and Enforcement) Act 2022 (Part 1)

A short course with checklists

The Act has been rushed through Parliament and on any basis it is appallingly drafted. It will be revised shortly but in the meantime, compliance is compulsory. 

You can listen to a BLOG/cast about this Bill free at Financial Crime Broadcasting .com

Part One of the Act deals with foreign companies which own land (that is freehold or leases exceeding seven years) in the UK.

In this course, you will find out who and what legal structures (entities) the Act relates to, what they must do, how and when they must do it and what the penalties are for failure. 

This course is for owners and officers of business and other financial structures formed and/or registered outside the United Kingdom. It is also for their advisers and service providers which includes bankers, insurance companies and others both within and outside the UK.



This course has special relevance to the offshore financial industry, especially trusts, tax planning and asset protection including those offering such services to UK citizens and residents.

It is also important for those advising on or assisting non-UK citizens and residents on the acquisition of property in the UK via a legal structure (e.g. company, trust, etc) outside the UK. 




Individual

Enquire here for corporate accounts

Course curriculum

  1. 1
    • About this course

    • Status of this course

    • Caveat and Legal

    • Pre-requisite

  2. 2
    • 1.1 The central purpose of Part 1 of the Act.

    • 1.2 What does the Part 1 of the Act apply to?

    • 1.3 Definitions

    • 1.4 CHECKLIST ONE: should X be registered?

  3. 3
    • 2.1 Effects of Registration

    • 2.2 Registration of overseas legal entities. 

    • 2.3.1 Registrable Beneficial Owner (1)

    • 2.3.2 Registrable Beneficial Owner (2)

    • 2.3.3 Registrable Beneficial Owner (3)

    • 2.4 What registrable beneficial owners are exempt registration?

    • 2.5 Checklist Two.

    • 2.6 Checklist 3

    • 2.7 holds ″directly or indirectly″

    • 2.8 Checklist 4

  4. 4
    • 3.1 Registration – overview.

    • 3.2 Which entities must register?

    • 3.3 What must be registered?

    • 3.4 What is in an application?

    • 3.5 Updating or removing a registration

    • 3.7 Penalties

    • 3.6 Information notices

    • 3.7 ″Required Information″

    • 3.8 Checklist 5. Preparing for Registration

    • 3.10 Checklist 6.

    • 3.9 Results of registration

  5. 5
    • 4.1 Updating the register

    • 4.2 Removal from the register

    • 4.3 Checklist 7

  6. 6
    • 5.1 The scope of this course in relation to land registration.

    • 5.2 Effect of the 2022 Act

    • Afterward

  7. 7
    • The Economic Crime (Transparancy and Enforcement) Act 2022 (UK)

Course Information

Examination? Yes

Certificate? Yes

Duration of certificate: one year from successful examination.

Access: unlimited for one year. Includes all updates.

Revise previous pages? Yes.

Portable CPD (TM) where recognised: 3 hours.

Learning Ladder? Yes

Certificate in Financial Crime Risk and Compliance credits: 12

Language: English

Prices include UK/EU VAT as applicable.