The FCA’s Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has today (19 March) released its latest report on tackling money laundering over the past year.
Among the key findings are that the accountancy and legal professions have made “strong improvements” in their AML work. However, some professional body supervisors (PBSs) are “still lagging behind their peers and must continue to raise their standards further”.