Wednesday 3 December, 12PM UK | The UK government has confirmed a major shake-up to AML supervision: the Financial Conduct Authority will eventually take over from the SRA, the Law Society of Scotland and other professional body supervisors as the Single Professional Services Supervisor (SPSS).
Once the legislation is passed and implemented, law firms and accountancy firms across the UK will come under a single AML regulator for the first time.
The government have published their consultation on the subject, with various options to consider but also many questions still to answer. Will the FCA’s model be tougher? How will it be paid for? And will firms have to adopt a more data driven approach? We don’t know yet, but this is the right time to ask.
Join VinciWorks legal compliance experts, along with our partners The Compliance Office and special guest Mike Ross, Director & MLRO at Anderson Strathern as we break down the consultation. Mike will also give us his views on how the changes could affect MLRO’s specifically and Scottish firms too.
Join us live on 3 December at midday as we discuss the future of AML regulation together.
What this webinar will cover
- What has actually been announced — facts, not hype
- What the consultation raises and the questions it leaves unanswered
- The FCA’s current approach to AML regulation vs. the SRA’s approach
- The views of Scottish firms and the Law Society of Scotland
- How the current FCA expects vs. the SRA’s current approach
- What would a potential timeline look like?
- What MLRO’s should be thinking about
Why attend
If you’re an MLRO, MLCO, Risk & Compliance leader, or senior partner responsible for AML oversight, this reform will land directly on your desk. Early preparation will mean less cost, less disruption, and fewer regulatory surprises.