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Office for Professional Body Anti Money Laundering Supervision

The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) was established by the Financial Conduct Authority (FCA) to oversee the UK’s professional body supervisors in their anti-money laundering (AML) responsibilities. Its purpose is to strengthen the consistency and effectiveness of AML supervision across accountancy and legal professional bodies, ensuring firms meet the UK’s regulatory expectations and align with global standards.

Coverage includes OPBAS’s annual reports, regulatory updates, and thematic reviews of AML supervision within the accountancy sector. Editorial reporting also examines how OPBAS assesses professional body performance, addresses weaknesses in compliance frameworks, and raises expectations around governance, enforcement, and information sharing.

Office for Professional Body Anti Money Laundering Supervision

The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) was established by the Financial Conduct Authority (FCA) to oversee the UK’s professional body supervisors in their anti-money laundering (AML) responsibilities. Its purpose is to strengthen the consistency and effectiveness of AML supervision across accountancy and legal professional bodies, ensuring firms meet the UK’s regulatory expectations and align with global standards.

Coverage includes OPBAS’s annual reports, regulatory updates, and thematic reviews of AML supervision within the accountancy sector. Editorial reporting also examines how OPBAS assesses professional body performance, addresses weaknesses in compliance frameworks, and raises expectations around governance, enforcement, and information sharing.

OPBAS criticises professional bodies money laundering prevention

The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has said…
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