Anti-Money Laundering - A 360 Degree Look at Supervision (Jun 26)
Category: Law & Regulation and Compliance | Duration: 1hr | Tag: VODATSUK26D2S1 | Type: Video | Course Level: Intermediate | Speaker: Lucy Brown | Date: 17/06/2026 10:00
Course Details
In October 2025 it was announced that the FCA would take over AML supervision of the accountancy sector. Seven months down the line and very little more has been mentioned on the subject. Reading recent FCA reports and between the lines what can we assume the accountancy supervisory framework is going to look like when we do reach that destination?
As well as changes to supervision significant changes to the legislation making up the Money Laundering Regulations has been laid before Parliament under section 55(5)(d) of the Sanctions and Anti-Money Laundering Act 2018, for approval by resolution of each House of Parliament.
Accountants and bookkeepers need to be aware of these changes and should be starting to consider how each will affect the policies, controls and procedures currently in place within their firms.
In this course Lucy Brown covers the following topics:
- Accountancy sector AML supervisory history to date
- How FCA came to be the preferred option for supervision
- What do we think this will mean for firms?
- Legislation changes and timescales
- Preparing for the changes
CPD Course Speaker
Calathea Solutions Ltd
Lucy Brown
After initially working in a range of bookkeeping and accounting roles, Lucy took up a role in a team administering the £17 billion pension fund of one of the Top 3 UK banks. Later moving on to a project working with an international partner to scope a new pensions administration system. This work drew on expertise in:
• Workflow Management
• Process mapping
• Systems design
• Test design and implementation
• Interpretation of scheme rules and legislation
After a career break, Lucy went into practice as a bookkeeper, growing and developing a successful bookkeeping practice that she then sold. Whilst in practice as a bookkeeper, Lucy developed and implemented policy and processes to ensure that the business was compliant with all legislative requirements, including Anti Money Laundering legislation.
Having successfully sold the business, Lucy worked for one of the supervisory bodies supporting members to meet their legislative obligations and satisfy professional standards. In this role Lucy provided training, worked to raise awareness, and provided advice to a wide variety of members – alongside overseeing the mandatory penalty regime and developing an independent appeals process.
• Workflow Management
• Process mapping
• Systems design
• Test design and implementation
• Interpretation of scheme rules and legislation
After a career break, Lucy went into practice as a bookkeeper, growing and developing a successful bookkeeping practice that she then sold. Whilst in practice as a bookkeeper, Lucy developed and implemented policy and processes to ensure that the business was compliant with all legislative requirements, including Anti Money Laundering legislation.
Having successfully sold the business, Lucy worked for one of the supervisory bodies supporting members to meet their legislative obligations and satisfy professional standards. In this role Lucy provided training, worked to raise awareness, and provided advice to a wide variety of members – alongside overseeing the mandatory penalty regime and developing an independent appeals process.