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

This document sets out the Government’s response to the “Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) Supervision Reform: Duties, Powers, and Accountability” consultation on reforming the AML/CTF supervisory framework for professional services firms. The consultation, which ran from November to December 2025, sought views on the Government’s proposals to ensure the Financial Conduct Authority (FCA) is equipped to be an effective AML/CTF supervisor of professional services firms, following the Government’s decision to transfer supervisory responsibility for these sectors to the FCA.

This document summarises the feedback received in response to the original consultation and sets out the Government’s final policy positions.

It covers key areas of AML/CTF supervision, including registration and gatekeeping, supervisory powers, guidance, information-sharing, enforcement, funding, transition arrangements and accountability.

The response explains how the Government has taken account of stakeholder views and where changes have been made to the original proposals. It also outlines the next steps for implementation, including legislative changes and further engagement with supervisors and stakeholders to support a smooth transition to the new supervisory model.