05 January 2026
The policy team has formally submitted its response to HM Treasury’s consultation on Anti‑Money Laundering and Counter‑Terrorist Financing (AML/CTF) Supervision Reform: Duties, Powers, and Accountability.
The consultation, launched by HM Treasury to review the effectiveness and consistency of the UK’s AML/CTF supervisory framework, invited views from professional bodies, regulated sectors, and industry experts.
In its submission, the CIPP emphasised the importance of ensuring that payroll professionals receive specialist, proportionate and effective AML supervision - particularly as supervisory responsibilities transition to the Financial Conduct Authority (FCA) following the closure of Office for Professional Body Anti-Money Laundering Supervision (OPBAS).
The Institute reiterated its intention to become a Professional Body Supervisor (PBS), noting that payroll professionals working outside accountancy practices would benefit from tailored guidance, tools, training and risk‑specific oversight. The CIPP stressed that without a clear understanding of payroll‑specific AML risks and responsibilities, reforms may fail to achieve the government’s aim of raising standards across the sector.
The CIPP expressed its commitment to working collaboratively with HM Treasury, the FCA and other stakeholders to shape a supervisory model that protects against money laundering risks while supporting the sustainable operation of payroll businesses.
To read the response in full, please review our consultations page.
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