UK Govt appoints the FCA as the single AML/CTF supervisor for professional services, bringing around 60K firms – including lawyers, accountants, and TCSPs under one unified regulator

The report outlines the UK government’s response to its 2024 consultation on AML supervision reform, confirming that the FCA will become the single public supervisor for professional services firms. This reform, shaped by consultation feedback, aims to streamline oversight, strengthen risk-based supervision, and improve coordination with law enforcement, addressing previous gaps in the UK’s AML framework…