Regulatory News

In November 2025, the UKFIU published updated guidance relating to Suspicious Activity Reporting (SAR). It pertains to using the SAR portal, submitting a SAR and understanding DAMLs and DATFs. Find out what you need to know to stay current with the latest requirements. 

Ahead of Companies House ID verification coming in for new directors, several companies seemingly posing as existing firms have incorporated in recent weeks.

As part of its plenary meeting, the Financial Action Task Force has announced the removal of the following countries from the grey-list:

• Burkina Faso
• Mozambique
• Nigeria
• South Africa

On 12 September 2025 a voluntary repayment scheme was launched to provide COVID scheme recipients with a ‘no questions asked’ window to repay outstanding money they were not entitled to or did not need.

The Insolvency Service has confirmed that repayment under the voluntary repayment scheme does not guarantee any protection to directors from enforcement action and that insolvency practitioners should continue to report misconduct in the usual way through the Director Conduct Reporting Service (DCRS), including whether they are aware of any repayment being made. In addition to the DCRS reporting, they should also submit a suspicious activity report where they come across support that was fraudulently obtained or used.

Where an IP becomes aware of a possible fraud outside of an insolvency situation they should report it to the appropriate authorities.

Access the recording to hear from ICAEW experts, who present key findings published in the Practice Assurance Monitoring Report 2025, offering guidance to help your firm strengthen its approach. They go through the results from nearly 1,500 quality assurance monitoring reviews and highlight common problem areas addressing two key areas of focus: the use of artificial intelligence and eligibility issues.

Register now for the 2025 Probate Diversity Survey Results webinar. It’s a unique opportunity to gain valuable insights from our presenters on what the breakdown of the data reveals for firms—plus ask questions and engage with our speakers. It’s free and provides an opportunity of 1 hour towards CPD.

OFSI has released a new video series, ‘Financial Sanctions: The Basics’. This series provides high level, accessible guidance on OFSI’s processes and how to comply with financial sanctions obligations.

Our new series of short, focused videos created to help insolvency practitioners stay on top of key regulatory topics is now available and can be used to support your CPD.

This booklet contains a summary of feedback from law enforcement agencies on their use of SARs. This issue provides a snapshot of some of the examples UKFIU receive highlighting the work of law enforcement agencies in utilising SAR intelligence to initiate investigations and informing existing ones.

Read how as a world-leading improvement regulator, ICAEW acts in the public interest and strengthens consumer confidence and trust by holding ICAEW members and firms to high professional standards. Underpinned by independent decision-making, ICAEW delivers impartial and robust assurance to oversight regulators, the profession, the government and the public.

The National Crime Agency has published its Suspicious Activity Reports (SARs) Annual Report 2024, providing valuable insights into emerging money laundering threats and trends.

In 2024, we undertook 153 reviews with our accredited insolvency practitioners. Access our infographic to see the results and outcomes of those visits plus what help and support are available.

This booklet contains a summary of feedback from law enforcement agencies on their use of SARs. The booklet provides a snapshot of some of the examples UKFIU receive highlighting the work of law enforcement agencies in utilising SAR intelligence to initiate investigations and informing existing ones.

On 24 February, the UK Government designated 67 individuals and entities and specified 40 vessels under the Russia Sanctions Regime. One existing designation under the Russia Sanctions Regime has been varied.

The Financial Action Task Force has added Lao PDR and Nepal to the list of jurisdictions subject to increased monitoring but removed the Philippines.

This booklet contains a summary of feedback from law enforcement agencies on their use of SARs. The booklet provides a snapshot of some of the examples UKFIU receive highlighting the work of law enforcement agencies in utilising SAR intelligence to initiate investigations and informing existing ones.

Issue 29 examines efforts to combat human trafficking, highlights the Hydroponics Cell’s Amber Alert, recaps the 2024 Global Financial Institutions Partnership Summit, and celebrates the TECAs winners.

Issue 28 focuses on CARIN’s role in asset recovery, the Egmont Group’s impact on financial intelligence, and collaborative efforts by the National Economic Crime Centre Public Private Partnerships Team.