Key reminders and updates
The inappropriate use of AI tools can lead to serious breaches of client confidentiality. We outline how risks arise, what firms can do to mitigate them, and the potential implications of getting it wrong.
Crossing the Line case studies
In this case study, we speak to Rachel Davis, Founder and Managing Director of Just Audit and ICAEW Council member, and David Fletcher, Associate Director at Just Audit, about how the firm used Crossing the Line to support ongoing ethics training for its audit team. They explain how the film supported ongoing ethics training by drawing out the key ethical dilemmas depicted in the film.
In this case study, Chris Soan, Technical Training Director at Armstrong Watson, tells us how he used ICAEW’s latest training film to spark debate and embed learning among the firm’s audit students. He also shares his tips on keeping the conversation going after the credits have rolled.
Audit
Anti-Money Laundering (AML)
Our latest report shares key findings from our monitoring reviews, highlighting where firms are making progress and where further improvements are needed. Plus, resources and a look at AML in 2026/27.
Read about the work we have carried out in Q3 as the UK’s largest accountancy professional body supervisor for anti-money laundering.
Our anti-money laundering (AML) supervisory team will discuss the results from this year’s supervision report, an update on our supervisory activity and our thematic review.
In October 2025, the Government announced the FCA will take over responsibility for AML and CTF supervision for legal service providers, accountancy service providers and trust and company service providers. Read the FCA's latest update, including a transition timeline.
The UK Financial Intelligence Unit has published its October SARs Reporter Booklet. It provides a sanitised summary of feedback from law enforcement agencies, highlighting how they use Suspicious Activity Reports (SARs) to support their work.
The UK Financial Intelligence Unit's Annual Report for 2025/26 is now available, the report demonstrates collaborative activity to improve the quality of Suspicious Activity Reports (SARs) and increase the use of these reports to tackle crime.
This alert highlights concerns that organised crime groups may be exploiting the UK student finance and benefits systems through coordinated fraud. Intelligence has identified suspected fraudulent activity involving both applicants and higher education providers.
Legal services
Read the latest update from the HM Courts & Tribunals Service (HMCTS) probate user group, including the latest operational data on caseloads, planned improvements and guidance for professional users.
The guidance aims to support firms to identify and address avoidable barriers, provide proportionate support to vulnerable consumers and ensure firms meet their ethical and regulatory obligations when providing legal services.
Insolvency
The proposed changes focus on due diligence, customer understanding, informed decision-making, support for vulnerable customers and record retention. Respond by 8 December.
