Legislation – Economic Crime and Corporate Transparency Act 2023
Changes to legislation:
There are currently no known outstanding effects for the Economic Crime and Corporate Transparency Act 2023, Section 172.
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PART 3Register of overseas entities
Offences
172General false statement offences
“32False statements: basic offence
(1)
It is an offence for a person, without reasonable excuse, to—
(a)
deliver or cause to be delivered to the registrar, for the purposes of this Part, a document that is misleading, false or deceptive in a material particular, or
(b)
make to the registrar, for the purposes of this Part, a statement that is misleading, false or deceptive in a material particular.
(2)
Where the offence is committed by a legal entity, every officer of the entity who is in default also commits the offence.
(3)
A person guilty of an offence under this section is liable—
(a)
on summary conviction in England and Wales, to a fine;
(b)
on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;
(c)
on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.
32AFalse statements: aggravated offence
(1)
It is an offence for a person knowingly to—
(a)
deliver or cause to be delivered to the registrar, for the purposes of this Part, a document that is misleading, false or deceptive in a material particular, or
(b)
make to the registrar, for the purposes of this Part, a statement that is misleading, false or deceptive in a material particular.
(2)
Where the offence is committed by a legal entity, every officer of the entity who is in default also commits the offence.
(3)
A person guilty of an offence under this section is liable—
(a)
on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);
(b)
on summary conviction—
(i)
in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);
(ii)
in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);
(iii)
in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).”