Ongoing compliance for law firms
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UK Statutory Instrument
2017
United Kingdom
The Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017
At a glance
What's here
2 compliance obligations, 2 practical guides · 3 journeys
Penalty landscape
1 of 2 obligations carry up to 2 years imprisonment. 1 has no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Any Person 1
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Mentioned in related content
2 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Any Person also bound by 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Duties of the FCA
Other duties (1) — Crown / regulator
- FCA must ensure self-regulatory organisations comply with AML supervision requirements Statutory regulator
Offences
2 years imprisonment- Unlawfully disclose or publish confidential information Any Person
Browse 30 other sections — procedural / definitional / commencement
Citation, commencement and extent
Interpretation
Application to be added to Schedule 1 to the MLR
Determination of applications
Interpretation
Power to require information
Retention of documents provided under regulation 7
Provision of information: safeguards
Admissibility of statements
Confidential information
Disclosure
Report by a skilled person
Directions
Interpretation
Public censure
Recommendation for removal from Schedule 1 to the MLR
Application of one or more measures
Procedure for disciplinary measures
Procedure (general)
Publication
Appeals against decisions of the FCA
Proceedings
Prescribed regulations
Recovery of charges through the court
Costs of supervision
Consequential amendment of the Solicitors (Scotland) Act 1980
Financial Conduct Authority
Notices
Application to the Crown
Review
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- FCA OPBAS (opens in a new tab) from FCA Detailed Guidance
Explore more
Browse legislation
Find other UK business legislation with related guidance.