1. Executive Summary: Key Themes Three critical developments dominated this week’s regulatory landscape: AML Supervisory Consolidation:  HM Treasury confirmed a significant reform of the UK’s AML/CTF supervisory architecture. The decision to consolidate supervision of the legal, accountancy, and TCSP sectors under a new Single Professional Services Supervisor (SPSS) role, to be fulfilled by the FCA, will replace the existing 22 Professional Body Supervisors (PBSs). Affected f

Introduction This week saw significant regulatory activity from UK and EU authorities, with a strong focus on consumer redress, wholesale...