Written Question·Department for Business and Trade·UIN 14608

Companies: Registration

Tabled: 30 June 2026

Answered: 6 July 2026

Named Day

Question

Steff Aquarone

To ask the Secretary of State for Business and Trade, with reference to the Third progress report on the implementation and operation of Parts 1 to 3 of the Economic Crime and Corporate Transparency Act 2023, what was the total value of the 401 penalty no

Answer

Blair McDougall

Since the commencement of the Register of Overseas Entities regime, up to 31 March 2026, financial penalties have been issued to 445 overseas entities. Of these, 245 penalties with a total value of £13.19 million have been reversed, waived or written off,...

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