IPA response: HM Treasury AML/CTF Supervision Reform: Duties, Powers and Accountability Consultation
IPA Insolvency Practitioner newsletter, January 2026
In December 2025 the IPA released our full response to the HM Treasury consultation on the duties, powers and responsibilities of the FCA as 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 IPs 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.