On 12 May 2026, the EU Anti-Money Laundering Authority (AMLA) published a reporting package that sets out reporting instructions for Member State supervisors to use in order to identify which entities meet the criteria for inclusion in the selection for direct supervision, which will take place in 2027. The package consists of a
On 11 May 2026, the EU Anti-Money Laundering Authority (AMLA) issued a consultation paper under Directive 2024/1640 (AMLD) on draft regulatory technical standards (RTS) setting out the respective duties of the home and host supervisors, and the modalities of cooperation between them.
The draft RTS have been developed under
On 4 February 2026, the Joint Money Laundering Steering Group published final amendments to various paragraphs within Part I of its guidance.
These include revisions to paragraphs:
The revisions
In our latest podcast, we discuss some of the key recent Financial Conduct Authority enforcement developments and outcomes, and key lessons learned for firms from these, including recent publicity developments and the cases concerning Nationwide Building Society, the Institute of Certified Bookkeepers and two former Finance Directors of Carillion plc.
For further information in this
On 4 February 2026, the EU Anti-Money Laundering Authority (AMLA) published its Single Programming Document for 2026-2028. The document is AMLA’s first multi-year plan, setting out priorities and timelines as it moves to delivery.
Among other things in 2026 AMLA will finalise the risk analysis and selection methodology which defines how obliged
On 26 January 2026, the EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) announced that it was launching a data collection exercise to test and calibrate its risk assessment models. These models serve two purposes: to inform the selection of up to 40 entities for AMLA’s direct supervision starting
On 28 November 2025, the Financial Conduct Authority published a Final Notice in respect of the Institute of Certified Bookkeepers, imposing a public censure for breaching certain provisions of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 due to serious deficiencies in its anti-money laundering supervision. For the
On 12 December 2025, the Financial Conduct Authority published a Final Notice imposing a fine of £44,078,500 on Nationwide Building Society for inadequate anti-financial crime systems and controls between October 2016 and July 2021. For the key takeaways from this case, as well as the key findings, please see our latest Notice in a Nutshell
Following the announcement by HM Treasury in October that the Government has decided that the Financial Conduct Authority should become the single professional services supervisor for anti-money laundering/ countering the financing of terrorism (see our previous briefing), a Consultation Paper has now been published providing further details of the reform proposals and requesting responses
On 8 December 2025, HM Treasury (HMT) published its annual report for financial year 2024 to 2025 on anti-money laundering and counter-terrorist financing (AML/CFT) supervision.
HMT works closely with the UK AML/CFT supervisors – the Financial Conduct Authority, His Majesty’s Revenue and Customs, the Gambling Commission and the 22 legal and