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

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…