Consultation outcome: Reforming anti-money laundering and counter-terrorism financing supervision

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Reform of the Anti-Money Laundering and Counter-Terrorism Financing Supervision Regime: Consultation Response

Detail of outcome

The government is publishing its response to the 2023 consultation on reform of the anti-money laundering/counter-terrorist financing (AML/CTF) supervision regime, which received 95 responses from a range of stakeholders. The consultation response summarises these responses and sets out the government's decision to consolidate responsibility for AML/CTF supervision of legal, accountancy and trust and company service providers. The Financial Conduct Authority (FCA) will assume responsibility for this, to strengthen our defences against illicit finance and foster sustainable growth.