Tag: FCA AML supervisory transfer
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FCA AML Supervision: Law Firms Should Prepare in 2027
The FCA has already started communicating with law firms about the transfer of anti-money laundering supervision. With further engagement planned, firms should make preparation part of their 2027 business plans. The FCA’s Annual Public Meeting on 6 October 2026 provided an opportunity to ask a practical question: when would the regulator start communicating directly with…
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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.