Anti-Money Laundering and Counter-Terrorist Financing Supervision Reform: Duties, Powers, and Accountability Consultation

This document seeks feedback on proposals to reform the supervision of anti-money laundering and counter-terrorist financing (AML/CTF) compliance among professional services businesses.

The government has decided that the Financial Conduct Authority (FCA) should take over responsibility for AML/CTF supervision of legal, accountancy, and trust and company service providers.

This document sets out proposals for the key duties, powers, and accountability mechanisms that the FCA will need to be an effective supervisor of professional services businesses, as well as the legislative changes to enact these. It asks respondents for their view on whether these are the right changes to make.

The Government invites responses on the specific questions raised. The questions can be found throughout the document and are listed in full in Annex C.

This consultation will run from 6th November 2025 to 24th December 2025. Responses can be sent to [email protected]