Ruth Paley’s latest FT Adviser article, co-authored with Nigel Kirby, explores how the UK’s Economic Crime and Corporate Transparency Act (ECCTA) could reshape information sharing across the financial crime landscape. The piece examines the new statutory gateway designed to allow AML-regulated firms to share customer information for defined economic crime purposes, an effort aimed at reducing the legal uncertainty that has historically made organisations hesitant to exchange intelligence, even where suspicious activity spans multiple institutions. Ruth and Nigel explain why the reforms matter in practice, who they apply to, and how they may enable firms to connect intelligence more effectively to detect and disrupt fraud, money laundering, sanctions evasion, and related misconduct.
