The Financial Conduct Authority (FCA) will become the single anti-money laundering (AML) and counter-terrorist financing (CTF) supervisor for legal service providers, accountancy service providers and trust and company service providers (TCSPs), taking over from the professional body supervisors (PBSs) and HM Revenue and Customs (HMRC), which supervise these firms today. Nothing changes yet. The reform depends on legislation, the FCA does not expect to begin supervising these

On 22 July 2026, the Financial Conduct Authority (FCA) published its findings on financial crime controls across asset management and alternative firms. The publication introduces no new rules and sets no deadline. It reports what the FCA found when it examined how firms identify, manage and mitigate financial crime risk, measured against obligations already in force, principally the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regula