These Explanatory Notes relate to the Economic Crime (Transparency and Enforcement) Act 2022 which received Royal Assent on 15 March 2022 (c. 10).
	These Explanatory Notes have been prepared by the Home Office, Department for Business, Energy and Industrial Strategy, HM Treasury and the Foreign, Commonwealth and Development Office in order to assist the reader in understanding the Act. They do not form part of the Act and have not been endorsed by Parliament.
	These Explanatory Notes explain what each part of the Act will mean in practice; provide background information on the development of policy; and provide additional information on how the Act affects existing legislation in this area.
	These Explanatory Notes might best be read alongside the Act. They are not, and are not intended to be, a comprehensive description of the Act.
What these notes do