The Economic Crime and Corporate Transparency Act 2023 (Financial Penalty) Regulations, SI 2024/445, allow the Registrar to impose a financial penalty on a person if satisfied beyond reasonable doubt that the individual has engaged in misconduct amounting to a relevant offence under the Companies Act 2006. This is a new civil power for the Registrar and is expected to be used as an alternative to pursuing criminal prosecution through the courts.
The Economic Crime and Corporate Transparency Act 2023 (Financial Penalty) Regulations, SI 2024/445, allow the Registrar to impose a financial penalty on a person if satisfied beyond reasonable doubt that the individual has engaged in misconduct amounting to a relevant offence under the Companies Act 2006. This is a new civil power for the Registrar and is expected to be used as an alternative to pursuing criminal prosecution through the courts.
