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.
Key contacts:
Biography
Dan specialises in private company transactional and advisory work, assisting domestic and international clients with complex mergers and acquisitions, corporate restructuring, joint ventures, investment agreements, and corporate governance matters.
Recent examples of work undertaken include working on a multi-jurisdictional sale of a property SPV valued at £9.8m, acting on behalf of the owners of a large London based property management company in a management buy-out, as well as preparing bespoke articles of association and a shareholders’ agreement for a start-up company operating in the events industry.
Dan also recently reported on the Economic Crime (Transparency and Enforcement) Act 2022 and the Economic Crime and Corporate Transparency Act 2023, both internally and to selected clients.
Dan commenced his training contract with Teacher Stern in October 2021 and spent six months with each of the following departments: Property Litigation, Property, Employment and Immigration, and Corporate. Dan qualified as an associate in the Corporate team in October 2023.
Client testimonials
“We have received extremely effective and timely advice and support throughout, particularly with Dan latterly. The quality of advice and follow up has been exemplary, thoughtful, timely and sound and much appreciated.”
Year qualified: 2023
Education:
University of Law – LPC and MSc in Law, Business and Management (Distinction)
University of Bristol – Law and French LLB
