The Financial Conduct Authority will become the sole anti-money laundering regulator for UK professional services firms.
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The Financial Conduct Authority will become the sole anti-money laundering regulator for UK professional services firms. The Treasury has announced that the Financial Conduct Authority (FCA) will take over the supervision of anti-money laundering and counter-terrorism financing (AML/CTF) for professional services firms in the UK. Tuesday (21 October)’s announcement followed a consultation which began in June 2023. The Treasury has decided that AML/CTF supervision should be conducted by a
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