News · 1 January 2026
UK Law Firms Brace for Intensified Money Laundering Crackdown Under FCA Supervision
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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