Research conducted by global advisory firm Vistra has suggested that over half of global firms with a UK presence are unprepared for Companies House’s new identity verification rules.

The mandatory period begins on 18th November.

The survey of 100 global company directors found that 52% aren’t compliant with identity verification requirements under the Economic Crime and Corporate Transparency Act (ECCTA), while nearly 1 in 3 remain unaware of the legislation altogether.

The findings highlight a significant compliance gap ahead of the UK’s biggest corporate transparency reform in 180 years.