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FCA Says 238,000 Mule Accounts Closed, and It Is Still Not Working
Money Mules: The FCA Says Closing Suspicious Accounts Isn’t Enough The Financial Conduct Authority (FCA) has recently published the findings of its latest multi-firm review on money mules, highlighting some initially impressive figures. Regulated firms closed 238,396 suspected mule accounts in 2025, up from 184,935 in 2023 and 233,269 in…
FCA Warning to Senior Managers: Fitness and Propriety Can Follow You Across Sectors
Understanding Your Obligations – It Is Not Just About Regulatory Breaches Two recent actions by the Financial Conduct Authority (FCA), taken weeks apart, make the same point from very different angles. In the first case, a former law firm owner has been banned from financial services after misappropriating more than…
ACSP Registration: Why Accountancy Firms Should Register Now, Whatever the Deadline
The Requirement Is Confirmed, the Date Is Not If your firm files information at Companies House on behalf of clients, you will need to be registered as an Authorised Corporate Service Provider (ACSP). However, while that requirement has been confirmed, the exact date it becomes mandatory has not, and Companies…
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FCA Says 238,000 Mule Accounts Closed, and It Is Still Not Working
Money Mules: The FCA Says Closing Suspicious Accounts Isn't Enough The Financial Conduct Authority (FCA) has recently published the findings of its...
FCA Warning to Senior Managers: Fitness and Propriety Can Follow You Across Sectors
Understanding Your Obligations - It Is Not Just About Regulatory Breaches Two recent actions by the Financial Conduct Authority (FCA), taken weeks...
ACSP Registration: Why Accountancy Firms Should Register Now, Whatever the Deadline
The Requirement Is Confirmed, the Date Is Not If your firm files information at Companies House on behalf of clients, you will need to be registered...
FCA Non-Financial Misconduct Rules Now in Force
What Regulated Firms Must Have in Place The FCA’s new rules and guidance on non-financial misconduct came into effect on 1 September 2026. If your...
When Your Buyer’s Deposit Comes from Crypto: What Estate Agents Need to Know
Crypto Is No Longer a Niche Risk in Property The 2025 National Risk Assessment states that property transactions appear in almost every money...
The £10,000 Cash Trigger: What the 2026 Threshold Change Means for HVDs and Art Market Participants
Cash Thresholds and AML Compliance Obligations for High-Value Dealers and Art Market Participants When we published our previous guide on the Money...
Do You Need a Regulation 21 AML Audit? Most Regulated Businesses Do
There is often the misconception among regulated businesses that a Regulation 21 audit is something only large organisations need to worry about....
Preparing for an HMRC AML Inspection: An Audit-Ready Checklist for Accountants
HMRC Anti-Money Laundering Inspection An HMRC anti-money laundering inspection can feel daunting, particularly for an independent accountancy...
Source of Funds vs Source of Wealth: Where Estate and Letting Agents Are Still Getting It Wrong
In our recent article, Cash Buyers and Property Transactions: The Due Diligence Your Agency Needs to Be Doing, we looked at why funding routes that...
AML Failures Catching Regulated Businesses Out – HMRC Penalties by Sector
In an earlier article, we highlighted how it is often the fundamentals, rather than complex laundering schemes, that bring regulated businesses to...
Why All Regulated Businesses Should Hold Cyber Essentials Certification
Cyber-attacks against regulated businesses are becoming increasingly prevalent and are no longer a hypothetical risk to be addressed at some point...
Cash Buyers and Property Transactions: The Due Diligence Your Agency Needs to Be Doing
In our recent article on Europe's AML Overhaul, we looked at what AMLR 27 signals for UK-regulated businesses and why treating international...
Europe’s AML Overhaul – A Warning Sign for Regulated Businesses
The European Union has made some fundamental changes to how anti-money laundering compliance works across its Member States. The EU Anti-Money...
Recent AML Fines: Why Regulated Businesses Are Still Getting the Basics Wrong
Recent AML enforcement data shows that it is not just complex money laundering breaches that are prompting regulators to act. In many cases, it is...
Anti-Money Laundering for Estate Agents: Best Practice and Key Obligations in 2026
Estate agents are at considerable risk of being the victims of financial crimes and are still a major target for criminals looking to move and...
Commercial Property Lettings: Money Laundering Risks Letting Agents Must Know
Operation Machinize 2, conducted by the National Crime Agency throughout October 2025, targeted 2,734 high street businesses across the UK,...
AML Registration Is Not Optional: What Recent HMRC Enforcement Means for Regulated Businesses
For many regulated businesses, anti-money laundering (AML) compliance often sits quietly in the background, important, but seen as a tick-box...
Client Due Diligence: Historic High-Risk Countries – What Regulated Businesses Need to Know
UK regulators continue to sharpen their focus on geographic risk as a core pillar of effective Anti-Money Laundering (AML) and Counter Terrorist...
Preparing Regulated Businesses for FCA AML Supervision
Following a 2023 Treasury consultation into reforming AML-CTF supervision, the UK government has confirmed the FCA will assume sole AML...
Estate Agents Under Fire: Over £2.9 Million in AML Fines and What It Means for Your Business
With supervision under the UK’s anti-money laundering (AML) regime undergoing a landmark transformation – read our article here, ‘What The AML...
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