Identity verification for Company Directors, PSCs, and LLP Members

Economic Crime and Corporate Transparency Act 2023

The Economic Crime and Corporate Transparency Act 2023 was enacted to combat economic crime and enhance the transparency of UK Company ownership – all with a view to supporting economic growth and making the UK an attractive place to do business.

The Act has introduced mandatory identity verification requirements for individuals who are directors of UK Companies, members of UK LLPs, and People with Significant Control (PSCs) of UK Companies and LLPs.

Individuals can verify their identity directly with Companies House or via an Authorised Corporate Service Provider.

How Teacher Stern Can Help

As an Authorised Corporate Service Provider (ACSP), we can carry out identity verification checks on behalf of Company directors, LLP members, and PSCs, ensuring compliance is smooth, secure, and stress-free. Whether you are appointing new directors or updating existing officer and PSC records, we can handle the verification efficiently, saving you time and reducing risk.

We can also advise on the broader implications of the Economic Crime and Corporate Transparency Act for you and your business.

Next Steps

If you are a director, LLP member, or PSC, now is the time to prepare. Our team can help you understand your responsibilities and complete your identity verification promptly.

Please contact Daniel McCartney, Claire Rollo, or your usual contact at Teacher Stern for further information.