UKFIU publishes best practice guidance regarding SARs regime
FCA publishes findings following a multi-firm review of risk assessment processes and controls in firms
On 11 November 2025, the Financial Conduct Authority (FCA) published its findings following a multi-firm review focusing on risk assessment processes and controls in firms as part of its wider financial crime supervisory work.
Overview
The FCA set out examples of good and poor practice on how firms can assess, mitigate, and manage
FATF issues Asset Recovery Guidance and Best Practices
On 4 November 2025, the Financial Action Task Force (FATF) issued Asset Recovery Guidance and Best Practices.
The FATF revised its Recommendations on asset recovery and related international co-operation in October 2023 and made corresponding changes to the FATF Assessment Methodology in June 2024. These changes signal that asset recovery must become
EBA advises the Commission on the foundations of the new AML/CFT regime
- Draft regulatory technical standards (RTS) on the methodology national supervisors will use to assess and classify the
New briefing note: FCA to become single professional services supervisor for AML/CTF – what should firms be thinking about now?
On 21 October 2025, HM Treasury published a Consultation Response providing details of responses to its 2023 consultation on the reform of the anti-money laundering/ counter-terrorist financing (AML/CTF) supervision regime and confirming that the Government has decided that the Financial Conduct Authority (FCA) should become the single professional services supervisor for
Updated HMT Money Laundering Advisory Notice: High Risk Third Countries
On 27 October 2025, HM Treasury issued an updated Money Laundering advice notice.
The update reflects changes to the countries in scope of High Risk Third Countries, as defined in the Money Laundering Regulations 2017, following updates to the list published by the Financial Action Task Force.
FCA survey findings: Financial crime controls in corporate finance firms
On 20 October 2025, the Financial Conduct Authority (FCA) published its survey findings on financial crime controls in corporate finance firms (CFFs). The results provide insight into how CFFs mitigate the risks of financial crime that they face and the FCA has stated that it will use the survey data as
EBA final report on AML/CFT colleges
On 22 October 2025, the European Banking Authority (EBA) published its fifth and final report on the functioning of anti-money laundering and countering the financing of terrorism (AML/CFT) colleges.
Key findings
The final report notes that overall the EBA found that the state of the colleges’ framework has remained stable since
The Netherlands introduces ban on cash payments of EUR 3,000 or more
On 9 October 2025, the Anti-Money Laundering Action Plan Act (Wet plan van aanpak witwassen, the Act) was published in the Dutch Government Gazette. The Act introduces a ban on cash payments of EUR 3,000 or more by traders of goods in the Netherlands.
This measure forms part of the Dutch government’s
AML/CFT supervision of banks is improving, the EBA finds
On 8 October 2025, the European Banking Authority (EBA) issued a final report on Member State competent authorities’ (NCAs) approaches to the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision of banks.
Background
The final report follows in-depth reviews that the EBA carried out on 40 NCAs’