Government departments update ECCTA guidance on AML information sharing measures
The Home Office, HM Treasury, Ministry of Justice, Companies House, Serious Fraud Office and Department for Business and Trade have updated guidance on information sharing measures under the Economic Crime and Corporate Transparency Act (ECCTA) 2023. The updated guidance, published on 3 October 2025, sets out provisions for anti-money laundering (AML) regulated firms to share customer information directly or indirectly through third-party intermediaries to prevent, detect and investigate economic crime. The guidance covers warning and request conditions for direct sharing, practical considerations including cross-sector sharing mechanisms, and requirements for law enforcement reporting, UK General Data Protection Regulation compliance and customer redress. The measures, which came into force on 15 January 2024, disapply confidentiality obligations and civil liability for AML regulated firms when sharing information for specified economic crime prevention purposes.