Regulatory News

Money mule activity is a form of money laundering in which a person transfers or receives criminal funds on behalf of others. The Financial Conduct Authority has produced a summary of how money mule activity occurs, firms should read the report to understand the threat, therefore strengthening their AML procedures. 

The Joint Insolvency Committee (JIC) is consulting on updates to SIP 3.1 for Individual Voluntary Arrangements (IVAs) – England, Wales and Northern Ireland. The proposed changes focus on due diligence, customer understanding, informed decision-making, support for vulnerable customers and record retention. The consultation gives those involved in the IVA process an opportunity to help shape future standards. Respond by 8 December 2026.

A new research study commissioned by the Insolvency Service has found that Members’ Voluntary Liquidations are operating effectively, paying creditors in full in almost all cases.

Watch back our webinar exploring what the Statutory Instrument, laid on 25 March, means for your firm and what to expect when the changes come into force. We also provided an early look at how these updates will be reflected in the CCAB Guidance. In addition, our quality assurance reviewers shared examples of good practice identified during recent firm reviews.

ICAEW has published its Audit Monitoring Report 2026, which details the results from nearly 400 quality assurance monitoring visits. Read the report to find out more.

Find out what our firms thought of the monitoring review process in Q1 2026.

We’ve updated our firms’ "contact us" page to help you find the appropriate ICAEW team for common questions and issues. It signposts which team to contact, giving examples of what they handle: from telling us about a change to your money laundering reporting officer, to affiliate applications to firm restructures. Consider bookmarking it for easy reference.

The Legal Ombudsman is seeking feedback on its Model Complaints Resolution Procedure (MCRP) from our accredited legal services firms and their clients to improve complaints handling, clarify guidance and templates, and identify additional resources to support early resolution of complaints across the legal sector. Your input is important. Please respond by noon, 19 May.

Industry experts share their perspectives on the current restructuring landscape, how courts are applying plans in practice, and key considerations for practitioners.

On Thursday 19 March, join us at the University of Hertfordshire for a screening of “Crossing the Line”, the fourth film in ICAEW’s award-winning training series.

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.