{"id":27327,"date":"2025-08-26T08:20:51","date_gmt":"2025-08-26T07:20:51","guid":{"rendered":"https:\/\/figsflow.com\/uk\/?p=27327"},"modified":"2025-12-16T11:56:32","modified_gmt":"2025-12-16T10:56:32","slug":"latest-changes-in-uk-aml-rules-every-accountant-should-be-aware-of","status":"publish","type":"post","link":"https:\/\/figsflow.com\/uk\/latest-changes-in-uk-aml-rules-every-accountant-should-be-aware-of\/","title":{"rendered":"Latest Changes in UK AML Rules Every Accountant Should Be Aware Of\u00a0"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27327\" class=\"elementor elementor-27327\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-42ab36f e-flex e-con-boxed e-con e-parent\" data-id=\"42ab36f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c4c7209 elementor-widget elementor-widget-text-editor\" data-id=\"c4c7209\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">In 2024 alone, the <\/span><span data-contrast=\"auto\">Financial Conduct Authority (FCA) issued over <\/span><b><span data-contrast=\"auto\">\u00a3176,045,385 in fines<\/span><\/b><span data-contrast=\"auto\"> for breaches of anti-money laundering (AML) rules. Surprisingly, most of these penalties weren&#8217;t for firms involved in serious money laundering or terrorist financing. Instead, they were imposed on firms that simply failed to meet basic AML requirements or struggled to keep up with the constantly evolving regulations.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">To be fair, it&#8217;s not entirely their fault. UK AML rules are constantly changing, with nearly a dozen new changes expected on the horizon. Still, as accountants, we can&#8217;t afford to overlook compliance.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">In this post, we&#8217;ll break down the <\/span><span data-contrast=\"auto\">key AML updates for 2025 and beyond and show you how to stay compliant with ease. Stick around until the end for a bonus tip that makes keeping up with regulatory changes far easier.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Let&#8217;s kick things off with the changes to enhanced DAML\/SAR reporting thresholds,<\/span><span data-contrast=\"auto\"> effective 31 July 2025.<\/span><b><span data-contrast=\"auto\">\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01f572e elementor-widget elementor-widget-heading\" data-id=\"01f572e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Enhanced DAML\/SAR Reporting Thresholds <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14b792f elementor-widget elementor-widget-image\" data-id=\"14b792f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Enhanced-DAML-SAR-Reporting-Thresholds-1024x683.jpg\" class=\"attachment-large size-large wp-image-27337\" alt=\"Enhanced DAML &amp; SAR Reporting Thresholds\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Enhanced-DAML-SAR-Reporting-Thresholds-1024x683.jpg 1024w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Enhanced-DAML-SAR-Reporting-Thresholds-300x200.jpg 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Enhanced-DAML-SAR-Reporting-Thresholds-768x512.jpg 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Enhanced-DAML-SAR-Reporting-Thresholds-1536x1024.jpg 1536w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Enhanced-DAML-SAR-Reporting-Thresholds-2048x1365.jpg 2048w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Enhanced-DAML-SAR-Reporting-Thresholds-18x12.jpg 18w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Enhanced-DAML-SAR-Reporting-Thresholds-650x433.jpg 650w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a02d15e elementor-widget elementor-widget-text-editor\" data-id=\"a02d15e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">From <\/span><b><span data-contrast=\"auto\">31 July 2025<\/span><\/b><span data-contrast=\"auto\">, the threshold for submitting a<\/span><b><span data-contrast=\"auto\"> Defence Against Money Laundering (DAML)<\/span><\/b><span data-contrast=\"auto\"> Suspicious Activity Report (SAR) has increased from <\/span><b><span data-contrast=\"auto\">\u00a31,000 to \u00a33,000<\/span><\/b><span data-contrast=\"auto\">. This change applies to:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Deposit-taking bodies<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Electronic money institutions<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Payment institutions<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><span data-contrast=\"auto\">This is the <\/span><span data-contrast=\"auto\">third increase<\/span><span data-contrast=\"auto\"> in recent years, following the rise from \u00a3250 to \u00a31,000 in January 2023. The aim is to reduce the volume of low-value DAMLs and allow law enforcement to focus on more serious cases.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Accounting firms must respond to this change by <\/span><span data-contrast=\"auto\">updating their AML policies, training staff on the new threshold, and adjusting transaction monitoring systems<\/span><span data-contrast=\"auto\"> to reflect the change.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f84322 elementor-widget elementor-widget-heading\" data-id=\"2f84322\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Introduction of Authorised Corporate Service Providers (ACSPs) <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0195612 elementor-widget elementor-widget-image\" data-id=\"0195612\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"730\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Introduction-of-Authorised-Corporate-Service-Providers-ACSP-1024x748.jpg\" class=\"attachment-large size-large wp-image-27338\" alt=\"Introduction of Authorised Corporate Service Provider\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Introduction-of-Authorised-Corporate-Service-Providers-ACSP-1024x748.jpg 1024w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Introduction-of-Authorised-Corporate-Service-Providers-ACSP-300x219.jpg 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Introduction-of-Authorised-Corporate-Service-Providers-ACSP-768x561.jpg 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Introduction-of-Authorised-Corporate-Service-Providers-ACSP-1536x1122.jpg 1536w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Introduction-of-Authorised-Corporate-Service-Providers-ACSP-2048x1496.jpg 2048w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Introduction-of-Authorised-Corporate-Service-Providers-ACSP-16x12.jpg 16w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Introduction-of-Authorised-Corporate-Service-Providers-ACSP-650x475.jpg 650w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94d0cbb elementor-widget elementor-widget-text-editor\" data-id=\"94d0cbb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">From 18 March 2025, individuals and organisations can register as <\/span><a href=\"https:\/\/figsflow.com\/uk\/authorised-corporate-service-provider-acsp\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Authorised Corporate Service Providers (ACSPs)<\/span><\/a><span data-contrast=\"auto\"> with Companies House. By <\/span><span data-contrast=\"auto\">Spring 2026<\/span><span data-contrast=\"auto\">, registration will be mandatory for any agent filing on behalf of clients.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Companies House estimates up to <\/span><span data-contrast=\"auto\">50,000 businesses<\/span><span data-contrast=\"auto\"> will register as an ACSP within the first 12 months. This marks a major shift in how corporate services are delivered in the UK.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The ACSP regime increases accountability by ensuring all third-party providers are properly supervised and traceable. To <\/span><a href=\"https:\/\/figsflow.com\/uk\/how-to-register-as-an-acsp-with-companies-house\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">register for ACSP<\/span><\/a><span data-contrast=\"auto\">, firms must be under AML supervision by one of the UK&#8217;s <\/span><span data-contrast=\"auto\">25 recognised supervisory bodies and pay a \u00a355 registration fee.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Importantly, ACSPs carry <\/span><span data-contrast=\"auto\">enhanced liability<\/span><span data-contrast=\"auto\">. Companies House will record who verified each individual and the original verifier may be held responsible if false documents are later discovered.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92c8678 elementor-widget elementor-widget-heading\" data-id=\"92c8678\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Mandatory Digital Filing Requirements <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a02a0a elementor-widget elementor-widget-image\" data-id=\"0a02a0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Mandatory-Digital-Filing-Requirements-1024x683.jpg\" class=\"attachment-large size-large wp-image-27342\" alt=\"\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Mandatory-Digital-Filing-Requirements-1024x683.jpg 1024w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Mandatory-Digital-Filing-Requirements-300x200.jpg 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Mandatory-Digital-Filing-Requirements-768x512.jpg 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Mandatory-Digital-Filing-Requirements-1536x1024.jpg 1536w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Mandatory-Digital-Filing-Requirements-2048x1365.jpg 2048w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Mandatory-Digital-Filing-Requirements-18x12.jpg 18w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Mandatory-Digital-Filing-Requirements-650x433.jpg 650w\" sizes=\"(max-width: 1000px) 100vw, 1000px\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-593d736 elementor-widget elementor-widget-text-editor\" data-id=\"593d736\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Starting 1 April 2027, the UK will require all companies, regardless of size, to <strong>submit digital accounts, including profit and loss statements<\/strong>, using digital software. This change aims to modernise and digitalise the filing process and enhance security and efficiency.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">It will also remove previous distinctions between micro, small and large entities, and mark the end to <\/span><span data-contrast=\"auto\">abridged and filleted accounts<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">For accountants, this shift requires the following immediate action:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Upgrade systems<\/span><\/b><span data-contrast=\"auto\"> to handle full digital submissions and expanded data requirements<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Train staff<\/span><\/b><span data-contrast=\"auto\"> on new filing procedures and compliance expectations<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Review fee structures<\/span><\/b><span data-contrast=\"auto\"> to reflect the increased workload across all client types<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-547a8c1 elementor-widget elementor-widget-heading\" data-id=\"547a8c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Enhanced Due Diligence for High-Risk Jurisdictions <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b553f2 elementor-widget elementor-widget-image\" data-id=\"8b553f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"572\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/enhanced-due-diligence-for-high-risk-jurisdictions-1024x586.jpg\" class=\"attachment-large size-large wp-image-27343\" alt=\"Enhanced Due Diligence for high risk jurisdictions as one of the UK aml rules\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/enhanced-due-diligence-for-high-risk-jurisdictions-1024x586.jpg 1024w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/enhanced-due-diligence-for-high-risk-jurisdictions-300x172.jpg 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/enhanced-due-diligence-for-high-risk-jurisdictions-768x440.jpg 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/enhanced-due-diligence-for-high-risk-jurisdictions-1536x879.jpg 1536w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/enhanced-due-diligence-for-high-risk-jurisdictions-2048x1172.jpg 2048w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/enhanced-due-diligence-for-high-risk-jurisdictions-18x10.jpg 18w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/enhanced-due-diligence-for-high-risk-jurisdictions-650x372.jpg 650w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66b024e elementor-widget elementor-widget-text-editor\" data-id=\"66b024e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">The UK has strengthened its AML rules by requiring <\/span><a href=\"https:\/\/figsflow.com\/uk\/what-are-cdd-edd-why-do-bookkeepers-need-them\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Enhanced\u00a0 Due Diligence (EDD)<\/span><\/a><span data-contrast=\"auto\"> and ongoing monitoring for any client or transaction linked to a High-Risk Third Country (HRTC). These countries are listed by the Financial Action Task Force (FATF)<\/span><span data-contrast=\"auto\"> and updated three times a year.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The obligations apply to both <\/span><span data-contrast=\"auto\">new and existing clients<\/span><span data-contrast=\"auto\"> who are:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Incorporated or resident in an HRTC<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Involved in transactions with parties based in an HRTC<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><span data-contrast=\"auto\">Firms must take a risk-based approach, but the minimum EDD steps include:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Collecting detailed information about the client and beneficial owners<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Verifying the source of funds and the source of wealth<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Understanding the nature and purpose of the relationship<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Getting senior management approval before proceeding<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Applying enhanced monitoring throughout the relationship<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><span data-contrast=\"auto\">Accounting practices should now <\/span>r<span data-contrast=\"auto\">eview and update their risk assessment frameworks<\/span><span data-contrast=\"auto\">, especially for clients with international links. Screening tools must be able to flag HRTC connections, and Staff should be trained to apply EDD measures proportionately.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6eaa0c2 elementor-widget elementor-widget-heading\" data-id=\"6eaa0c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Updated Guidance on Politically Exposed Persons (PEPs) <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70d48ce elementor-widget elementor-widget-image\" data-id=\"70d48ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"687\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/UK-AML-rules-Enhanced-Due-Diligence-for-Politically-Exposed-Persons-1024x703.jpg\" class=\"attachment-large size-large wp-image-27350\" alt=\"UK AML Rules Enhanced Due Diligence for politically exposed persons\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/UK-AML-rules-Enhanced-Due-Diligence-for-Politically-Exposed-Persons-1024x703.jpg 1024w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/UK-AML-rules-Enhanced-Due-Diligence-for-Politically-Exposed-Persons-300x206.jpg 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/UK-AML-rules-Enhanced-Due-Diligence-for-Politically-Exposed-Persons-768x527.jpg 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/UK-AML-rules-Enhanced-Due-Diligence-for-Politically-Exposed-Persons-1536x1054.jpg 1536w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/UK-AML-rules-Enhanced-Due-Diligence-for-Politically-Exposed-Persons-2048x1406.jpg 2048w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/UK-AML-rules-Enhanced-Due-Diligence-for-Politically-Exposed-Persons-18x12.jpg 18w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/UK-AML-rules-Enhanced-Due-Diligence-for-Politically-Exposed-Persons-650x446.jpg 650w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da45ddd elementor-widget elementor-widget-text-editor\" data-id=\"da45ddd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">The Financial Conduct Authority&#8217;s publication of final guidance on 7 July 2025 introduces a more balanced approach to handling<\/span><span data-contrast=\"auto\"> Politically Exposed Persons (PEPs).\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Firms are now expected to <strong>treat UK-based (domestic) PEPs as lower risk by default,<\/strong> unless there are other unrelated risk factors. This means automatic Enhanced Due Diligence (EDD) is no longer required for domestic PEPs unless justified by specific risks.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The guidance also clarifies that <\/span><strong>non-executive board members of UK civil service departments should not be treated as PEPs<\/strong><span data-contrast=\"auto\">, resolving previous uncertainty.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Accounting firms must now:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Update PEP identification procedures<\/span><\/b><span data-contrast=\"auto\"> to reflect a new risk-based approach<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Train staff<\/span><\/b><span data-contrast=\"auto\"> to distinguish between domestic and foreign PEPs<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Review existing client files<\/span><\/b><span data-contrast=\"auto\"> to identify domestic PEPs previously subject to unnecessary EDD<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"6\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Revise client communication materials<\/span><\/b><span data-contrast=\"auto\"> to explain the updated treatment of PEPs<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><span data-contrast=\"auto\">These changes aim to reduce disproportionate treatment while maintaining effective AML controls. Firms should document their rationale when deviating from standard guidance and ensure senior Staff are trained to approve PEP relationships appropriately.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15c7b86 elementor-widget elementor-widget-heading\" data-id=\"15c7b86\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Economic Crime Threat Priorities &amp; Other Key Changes <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6969247 elementor-widget elementor-widget-image\" data-id=\"6969247\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Economic-Crime-Threat-Priorities-Other-Key-Changes-1024x683.jpg\" class=\"attachment-large size-large wp-image-27345\" alt=\"\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Economic-Crime-Threat-Priorities-Other-Key-Changes-1024x683.jpg 1024w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Economic-Crime-Threat-Priorities-Other-Key-Changes-300x200.jpg 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Economic-Crime-Threat-Priorities-Other-Key-Changes-768x512.jpg 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Economic-Crime-Threat-Priorities-Other-Key-Changes-1536x1024.jpg 1536w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Economic-Crime-Threat-Priorities-Other-Key-Changes-2048x1365.jpg 2048w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Economic-Crime-Threat-Priorities-Other-Key-Changes-18x12.jpg 18w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/Economic-Crime-Threat-Priorities-Other-Key-Changes-650x433.jpg 650w\" sizes=\"(max-width: 1000px) 100vw, 1000px\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01a2aeb elementor-widget elementor-widget-text-editor\" data-id=\"01a2aeb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">The <\/span><span data-contrast=\"auto\">National Crime Agency (NCA) and Financial Conduct Authority (FCA<\/span><b><span data-contrast=\"auto\">)<\/span><\/b><span data-contrast=\"auto\"> published 9 economic crime priorities to help regulated firms focus resources. These priorities highlight key areas of concern, including:\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Cash-based money laundering<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Money mule exploitation<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Fraud linked to overseas jurisdictions<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><span data-contrast=\"auto\">With an estimated <\/span><b><span data-contrast=\"auto\">\u00a3100 billion laundered through the UK annually, <\/span><\/b><span data-contrast=\"auto\">this <\/span><span data-contrast=\"auto\">framework is designed to guide firms in allocating resources to the most pressing risks.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">In addition to these strategic priorities, several other regulatory updates have been introduced.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Trust Registration Service (TRS) &#8211; <\/span><\/b><span data-contrast=\"auto\">All non-UK trusts that acquired UK property <\/span><span data-contrast=\"auto\">before 6 October 2020<\/span><span data-contrast=\"auto\"> must now register with HMRC if they meet certain conditions, such as having a UK-resident trustee or entering into a business relationship with a UK entity.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Fit &amp; Proper Persons Test &#8211; <\/span><\/b><span data-contrast=\"auto\">The annual premises fee for AML-supervised businesses has increased from <\/span><b><span data-contrast=\"auto\">\u00a3300 to \u00a3400<\/span><\/b><span data-contrast=\"auto\">. Each <\/span><span data-contrast=\"auto\">beneficial owner, officer or manager (BOOM) must pay a non-refundable test fee<\/span><span data-contrast=\"auto\">, which is specific to the business and non-transferable.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><p><span data-contrast=\"auto\">Together, these changes signal a stronger regulatory push to improve transparency, accountability, and risk management across the financial and professional service sectors.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8103e3 elementor-widget elementor-widget-heading\" data-id=\"e8103e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Summary Table of UK AML Rules <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82b62d3 bdt-hide-entries-on-mobile-yes elementor-widget elementor-widget-bdt-table\" data-id=\"82b62d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-table bdt-table-default-responsive \" id=\"bdt-table-82b62d3\">\n\n\n\t\t\t<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" style=\"border-collapse: collapse; width: 100%;\">\n  <thead>\n    <tr style=\"background-color: #f2f2f2;\">\n      <th style=\"padding: 12px;\">Change<\/th>\n      <th style=\"padding: 12px;\">Effective Date<\/th>\n      <th style=\"padding: 12px;\">Key Impact<\/th>\n    <\/tr>\n  <\/thead>\n  <tbody>\n    <tr>\n      <td style=\"padding: 12px;\">DAML\/SAR Threshold Increase<\/td>\n      <td style=\"padding: 12px;\">31 July 2025<\/td>\n      <td style=\"padding: 12px;\">Threshold raised to \u00a33,000; update policies and training<\/td>\n    <\/tr>\n    <tr>\n      <td style=\"padding: 12px;\">ACSP Registration Launch<\/td>\n      <td style=\"padding: 12px;\">18 March 2025<\/td>\n      <td style=\"padding: 12px;\">Optional registration; mandatory from Spring 2026<\/td>\n    <\/tr>\n    <tr>\n      <td style=\"padding: 12px;\">Mandatory Digital Filing<\/td>\n      <td style=\"padding: 12px;\">1 April 2027<\/td>\n      <td style=\"padding: 12px;\">All accounts must be filed via commercial software<\/td>\n    <\/tr>\n    <tr>\n      <td style=\"padding: 12px;\">EDD for High-Risk Jurisdictions<\/td>\n      <td style=\"padding: 12px;\">Ongoing (Reg. 33 MLRs)<\/td>\n      <td style=\"padding: 12px;\">Compulsory EDD of clients linked to FATF-listed countries<\/td>\n    <\/tr>\n    <tr>\n      <td style=\"padding: 12px;\">FCA PEP Guidance<\/td>\n      <td style=\"padding: 12px;\">7 July 2025<\/td>\n      <td style=\"padding: 12px;\">Domestic PEPs treated as low risk; update procedures and communications<\/td>\n    <\/tr>\n    <tr>\n      <td style=\"padding: 12px;\">Economic Crime Priorities (NCA\/FCA)<\/td>\n      <td style=\"padding: 12px;\">21 July 2025<\/td>\n      <td style=\"padding: 12px;\">Focus on cash laundering, money mules, and overseas fraud<\/td>\n    <\/tr>\n    <tr>\n      <td style=\"padding: 12px;\">Trust Registration (TRS)<\/td>\n      <td style=\"padding: 12px;\">Ongoing<\/td>\n      <td style=\"padding: 12px;\">Non-UK trusts with UK links must register with HMRC within 90 days<\/td>\n    <\/tr>\n    <tr>\n      <td style=\"padding: 12px;\">Fit & Proper Test Fee Increase<\/td>\n      <td style=\"padding: 12px;\">31 July 2025<\/td>\n      <td style=\"padding: 12px;\">Premises fee: \u00a3400; Test fee: \u00a3700 (currently under consultation until 29 August 2025)<\/td>\n    <\/tr>\n  <\/tbody>\n<\/table>\n\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95ea163 elementor-widget elementor-widget-heading\" data-id=\"95ea163\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Simplify AML Compliance with FigsFlow <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f066cdb elementor-widget elementor-widget-image\" data-id=\"f066cdb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"533\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/FigsFlow-Simplify-AML-Compliance-with-FigsFlow-1024x546.png\" class=\"attachment-large size-large wp-image-27346\" alt=\"Top 5 Red Flags Accountants Should Watch for in AML Screening\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/FigsFlow-Simplify-AML-Compliance-with-FigsFlow-1024x546.png 1024w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/FigsFlow-Simplify-AML-Compliance-with-FigsFlow-300x160.png 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/FigsFlow-Simplify-AML-Compliance-with-FigsFlow-768x410.png 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/FigsFlow-Simplify-AML-Compliance-with-FigsFlow-1536x819.png 1536w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/FigsFlow-Simplify-AML-Compliance-with-FigsFlow-18x10.png 18w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/FigsFlow-Simplify-AML-Compliance-with-FigsFlow-650x347.png 650w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/08\/FigsFlow-Simplify-AML-Compliance-with-FigsFlow.png 1822w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d0c71a elementor-widget elementor-widget-text-editor\" data-id=\"2d0c71a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">AML rules are constantly changing and keeping up is quite hard. That&#8217;s why <a href=\"https:\/\/figsflow.com\/uk\/\" target=\"_blank\" rel=\"noopener\">FigsFlow<\/a> includes integrated AML compliance directly within its client onboarding workflow.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">FigsFlow is your all-in-one onboarding platform that handles proposals, engagement letters, service pricing, client onboarding, KYC, ongoing monitoring and full AML checks from one place.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Here&#8217;s what FigsFlow AML delivers:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Verify client identities digitally using industry standard technology that checks documents against comprehensive databases<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Screen clients automatically against global sanctions lists, PEP databases and adverse media<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Automated KYC and client risk assessments using purpose-built templates designed for accounting practices<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Enhanced Due Diligence for high-risk clients and jurisdictions with scheduled automated checks at custom intervals<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Secure record-keeping with full audit trails and automatic timestamps for every compliance action<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"auto\">Compliance reporting ready in just a few clicks<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/li><\/ul><p><span data-contrast=\"auto\">FigsFlow delivers enterprise-level AML capabilities at a price you&#8217;d have never imagined. While other solutions charge premium prices for standalone AML tools, FigsFlow gives you complete compliance plus proposals, engagement letters, pricing and client onboarding in one accountant-centric workflow. It&#8217;s the most affordable AML solution in the market without compromising on features, yet simple enough for anyone on your team to use from day one.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Ready to simplify your AML compliance? <\/span><a href=\"https:\/\/app.figsflow.com\/signup?utm_source=website\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Try FigsFlow free for 30 days<\/span><\/a><span data-contrast=\"auto\"> and experience how fast regulatory compliance can actually be.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e409239 elementor-widget elementor-widget-heading\" data-id=\"e409239\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion: Navigate the UK AML Rules with Confidence <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c52d928 elementor-widget elementor-widget-text-editor\" data-id=\"c52d928\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">There&#8217;s no doubt that AML rules are changing fast. The DAML threshold has jumped from <\/span><b><span data-contrast=\"auto\">\u00a31,000 to \u00a33,000<\/span><\/b><span data-contrast=\"auto\">, <\/span><b><span data-contrast=\"auto\">FCA PEP guidance<\/span><\/b><span data-contrast=\"auto\"> is now in play, and several more reforms, like <\/span><b><span data-contrast=\"auto\">mandatory ACSP registration <\/span><\/b><span data-contrast=\"auto\">and <\/span><b><span data-contrast=\"auto\">digital filing <\/span><\/b><span data-contrast=\"auto\">are on the horizon.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Relying only on Companies House newsletter or tracking updates manually is the old way of doing things, and in today&#8217;s competitive accounting landscape, it simply won&#8217;t cut it.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">You need an advanced system like <\/span><b><span data-contrast=\"auto\">FigsFlow<\/span><\/b><span data-contrast=\"auto\"> that helps you stay compliant in minutes while automating your entire workflow from proposals and client onboarding to AML checks, work delivery and routine communication.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">To see how this works in practice, check out our next blog on <\/span><a href=\"https:\/\/figsflow.com\/uk\/automating-client-onboarding-with-figsflow\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">automating client onboarding with FigsFlow<\/span><\/a><span data-contrast=\"auto\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>AML rules are tightening in 2025. Every accountant must follow stricter checks before onboarding clients. Here\u2019s a clear breakdown of what\u2019s new and what you can\u2019t afford to miss.<\/p>\n","protected":false},"author":31,"featured_media":27354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_tocer_settings":[],"footnotes":""},"categories":[67,78],"tags":[11],"class_list":["post-27327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountants","category-news","tag-compliance"],"acf":[],"_links":{"self":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/27327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/comments?post=27327"}],"version-history":[{"count":1,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/27327\/revisions"}],"predecessor-version":[{"id":33649,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/27327\/revisions\/33649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/media\/27354"}],"wp:attachment":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/media?parent=27327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/categories?post=27327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/tags?post=27327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}