Regulatory News

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.

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.