The new reality of AML compliance For many UK tax and accountancy firms, anti‑money laundering compliance has traditionally been understood as a matter of professional judgement and good intent. If the appropriate checks were carried out and risks considered, firms could feel confident they were meeting their obligations. That assumption is now being tested. Across […] … Read More

Executive summary UK anti money laundering and counter terrorism financing oversight is being reshaped. HM Treasury has confirmed its decision to create a Single Professional Services Supervisor and to transfer supervision of accountancy, legal, and trust and company service providers to the Financial Conduct Authority, subject to legislation and a transition plan. The follow-on consultation […] … Read More