Wednesday 3 December | The UK government has confirmed a major shake-up to anti-money laundering (AML) supervision: the Financial Conduct Authority (FCA) will take over from the Solicitors Regulation Authority (SRA), the Law Society of Scotland, and other professional body supervisors as the Single Professional Services Supervisor (SPSS).
For the first time, law and accountancy firms across the UK will fall under a single AML regulator. The government’s consultation on this shift raises crucial questions: Will the FCA’s approach be tougher? How will it be funded? And will firms need to adopt a more data-driven compliance strategy? These are just a few of the questions that remain unanswered, but it’s the right time to prepare.
In this on-demand session, VinciWorks’ legal compliance experts, alongside our partners The Compliance Office and special guest Mike Ross, Director & MLRO at Anderson Strathern, break down the consultation and its implications. Mike shares his views on how the changes could affect MLROs and Scottish firms in particular.
What This Webinar Covers:
- What has been officially announced — the facts, not the hype
- Key insights from the consultation and the questions it leaves open
- A comparison of the FCA’s current AML approach vs. the SRA’s
- Insights from Scottish firms and the Law Society of Scotland
- What MLROs should be thinking about as the regulatory landscape evolves
- Potential timelines for implementation and the impact on your firm
Why You Should Watch:
This reform will directly impact MLROs, MLCOs, risk and compliance leaders, and senior partners responsible for AML oversight. Early preparation will reduce cost, disruption, and regulatory surprises. Watch now to understand how the FCA’s move could affect your firm’s compliance strategy and what you need to do to stay ahead.