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IPA responds to HM Treasury Anti-Money Laundering/Counter Terrorist-Financing Supervision Reform: Duties, Powers and Accountability Consultation

18 December 2025

Read our full response

The IPA is pleased to share our full response to the HM Treasury consultation on the duties, powers and responsibilities of the Financial Conduct Authority (FCA) as Anti-Money Laundering (AML) Supervisor.

Our key concerns focus on preserving insolvency sector specialism and expertise during this transition, establishing effective information-sharing arrangements with the FCA and ensuring that regulatory standards for Insolvency Practitioners are maintained. We have also highlighted concerns regarding the proposed ‘fit and proper person’ designation and the need for greater clarity on the cost implications for individual practitioners.

The IPA welcomes the opportunity to work closely with the FCA to support a smooth transition and to assist in developing sector-specific risk assessments, training and guidance that will continue to assist IPA members.

If you wish to submit your own response to HM Treasury, you can do so until 24 December 2025.

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