Statement from the Solicitors Disciplinary Tribunal on changes to AML/CTF supervision

The Solicitors Disciplinary Tribunal (SDT) notes the government’s announcement that the Financial Conduct Authority (FCA) will take on supervision of law firms’ anti-money laundering and counter-terrorism financing activities.

We will take time to understand the details of the new arrangements and work collaboratively with the relevant bodies to ensure a smooth transition.

The SDT remains committed to upholding integrity and trust in the legal profession by adjudicating on alleged misconduct by solicitors and their firms.