ICAS publishes 2025/26 AML report

Read our latest Anti-Money Laundering supervision report, presenting the progress and achievements we made between April 2025 and April 2026, with information on our plans for the future.

The Money Laundering Regulations 2017 (MLRs) require ICAS and the other professional body supervisors to publish a report every year setting out how we carry out our AML supervisory functions.

The report covers a 12-month period between April 2025 and April 2026 and aims to provide members, firms, and other interested parties with a better understanding of the actions ICAS takes as an AML supervisor. The report includes:

• Details on our approach to AML supervision.
• Results of monitoring visits during the relevant period.
• Early findings from thematic reviews.
• Common findings, with case studies demonstrating best practice.
• Examples of enforcement and follow-up actions.
• Information on AML support for supervised firms.

The Government’s announcement of the intention to transfer supervisory responsibilities for AML to the FCA, means that ICAS’ role in this area will become more limited at some point over the next few years.

However, until this happens, AML will continue to be a regulatory priority for ICAS, with teams of experienced professionals doing high-quality supervisory work in areas including licensing, monitoring, and enforcement , as well as offering much-valued support to firms