General · 1 January 2026
UK Law Firms Brace for Intensified Money Laundering Crackdown Under FCA Supervision
By early 2026, the Financial Conduct Authority will supervise law firms, taking over from the Solicitors Regulation Authority. SRA data indicates almost a third of firms are failing money laundering checks. The SRA increased proactive engagements to 935 (year to April 2025) from 545. Gordons Partnership received a fine of £77,784. The government's anti-corruption strategy allocates £15 million to the City of London Police's Domestic Corruption Unit.
Reported by Guardian · How we write briefs