FCA AML Audit
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FCA AML Supervision of Law Firms: The 2028 Transfer Is Taking Shape
The FCA expects to begin assuming AML supervision of approximately 60,000 legal and accountancy entities toward the end of 2028. This article examines its proposed risk based approach and the practical steps law firms should take now.
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The FCA Is Set to Take On Legal Sector AML Oversight: What It Means for Law Firms
The UK government announced that the FCA will start supervising anti-money laundering (AML) for legal professionals by late 2028, unifying oversight previously handled by multiple bodies. FCA AML audits are on the way. The transition mandates stricter compliance standards and emphasises effective control measures, urging law firms to prepare well in advance.