VinciWorks: From the SRA to the FCA: What the Single Professional Services Supervisor means for your firm

The UK government has confirmed a major shake-up to AML supervision: the Financial Conduct Authority will take over from the SRA and other professional body supervisors as the Single Professional Services Supervisor (SPSS). Law firms and accountancy firms will come under a single AML regulator for the first time. The transition will be long, complex, and expensive if you’re not ready.

Nothing changes today, but firms should start thinking about potential consequences. The FCA’s current model is tougher: more data-driven, more rules-based, and much more focused on evidence and governance. AML compliance becomes something you prove continuously.

The SRA have recently release their Anti-Money Laundering Annual Report 2024-25, with lots of insights for SRA regulated firms.What this webinar will cover:

• What has actually been announced — facts, not hype
• What the FCA currently expects  vs. the SRA’s current approach
• Timeline: when real changes hit and how fast
• Governance upgrades the FCA may look for
• How to avoid duplicate work during the transition
• Practical steps firms should consider now to stay compliant
• What the SRA found in their AML report?
• Common mistakes firms are making when it comes to AML

Why attend

If you’re an MLRO, MLCO, Risk & Compliance leader, or senior partner responsible for AML oversight, this reform will land directly on your desk. Early preparation will mean less cost, less disruption, and fewer regulatory surprises.