Government Wallet - Coming Soon

On 21st January, the government issued a press release about their new Wallet and App.

The Wallet is due to launch in June 2025.

By end of the year, the government will pilot Digital driving licences which will be stored in a government smartphone app or “wallet”.

Peter Kyle is the Science and Technology Secretary. The Independent reported his comments regarding this development.

“You will be able to prove and verify your age digitally using the digital driving licence. And this is going to be absolutely liberating,”

“In person, you can generate a code where you can hold up and prove you are who you say you are, and you are the age you say you are without having to reveal your name or your address,”

• How will this impact due diligence gathering?
• How will your AML check provider adapt to the government Digital wallet?
• You will note in the Instagram post below that the bar tender had an QR app reader, will this be helpful to firms?

This is an important space. No doubt there will be future government updates.

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Companies House Summary of Changes under The Economic Crime and Corporate Transparency Act

Summary of Changes

Companies House, has conveniently provided a summary of the changes under The Economic Crime and Corporate Transparency Act. See their webpage.

ID Verification

Companies House, state that from spring 2025, there will be a phased introduction of identity verification.

So, that anyone setting up, running, owning or controlling a company in the UK will need to verify their identity.

Protection Personal Information

Companies House, state that from 27 January 2025, individuals will be able to apply to suppress the following information from historical documents:

• registered office address where it’s their home address

They further state, that from spring/summer 2025, individuals will be able to apply to suppress the following information from historical documents:

• residential addresses in most instances when shown elsewhere on the register
• day of birth for documents registered before 10 October 2015 (only the month and year of birth have been publicly displayed since 10 October 2015)
• signatures
• business occupation

See their webpages.

Companies House - Summary of Changes

Companies House - Identification Verification

Companies House - Protecting your Information

SRA Guidance on Sham Litigation

On 13/01/25, the SRA published guidance on Sham Litigation.

See our two video notes on the topic. Click on the image below, which will take you to our youtube video note.

[Disclaimer:  the video notes do not amount to legal or regulatory advice.]

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SRA - Sham Litigation Guidance

SRA - Proceeds of Crime Guidance

POCA 2002

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Anti-Money Laundering Services at Alexander Christian

Alexander Christian is a law firm based in Harrow, Greater London.

We undertake anti-money laundering services. These include:

• Mock AML Audits
• AML Audits (Regulation 21 Audits)
• AML File Reviews (including requests for audits made by the Regulator)
• AML Staff Interviews
• Focused Audits (e.g. training)
• Supplemental AML Courses (In development)

We produce this AML Newsletter.

Alexander Christian also offers other services.

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‍Alexander Christian

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