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

From the SRA to the FCA: What the Single Professional Services Supervisor means for your firm
Category: Government & Organizations
Duration: 01:00:43
Publish Date: 2025-12-04 11:10:00
Description:

The UK's anti-money laundering (AML) landscape is undergoing a significant transformation. The government has confirmed that the Financial Conduct Authority (FCA) will take over from the Solicitors Regulation Authority (SRA), the Law Society of Scotland, and other professional bodies to become the Single Professional Services Supervisor (SPSS) for AML supervision. This marks the first time law firms and accountancy firms across the UK will be regulated under a single AML authority.

In this webinar recording, VinciWorks' legal compliance experts, alongside our partners at The Compliance Office and special guest Mike Ross, Director & MLRO at Anderson Strathern, break down the details of this major shift. We discuss what the government's consultation on the new structure entails, what questions remain unanswered, and the potential implications for firms across the UK, including specific insights into how Scottish firms might be affected.

In this recording, you'll hear about:

• The FCA's new role as the Single Professional Services Supervisor • Key insights from the consultation, including unanswered questions • A comparison of the FCA's and SRA's approaches to AML regulation • The views of Scottish firms and the Law Society of Scotland • What MLROs need to know and prepare for • The potential timeline for the transition

This session is essential for compliance professionals, MLROs, and legal teams working in the UK's legal and accountancy sectors, providing critical insights into what the future of AML regulation will look like and how to prepare.
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