AML/CTF supervision reform: duties, powers and accountability – Law Society response
The Law Society are urging members to oppose the UK government’s hasty decision to give the Financial Conduct Authority responsibility for anti-money laundering (AML) and counter-terrorism financing (CTF) supervision of legal service providers. Their response to the government’s rushed consultation rejects proposals to allow supervisors access to Suspicious Activity Reports (SARs) and calls for practitioner-led guidance to continue.
The consultation closes soon – please consider their response, and consider submitting your own response:
- View The Law Society response to the consultation
- The consultation closes on 24 December 2025 – you can read and submit a response to the consultation on GOV.UK