The Single Supervisor Transition takes effect on 1 July 2026, and for many reporting entities, the practical questions are just now coming into focus. What exactly changes on 1 July? What needs to be updated in your programme? And what happens if you are not ready?
The key takeaways
The webinar revealed that the Single Supervisor Transition is more comprehensive than many reporting entities have prepared for. The shift from a multi-supervisor model affects not just who conducts audits, but how programmes are assessed against new expectations, what documentation is required, and what the transition timeline actually means for reporting entities with existing audit arrangements.
One consistent theme: reporting entities that have invested in robust AML/CFT programmes are better positioned for the transition than those relying on compliance-by-policy rather than compliance-by-process. The new supervisory framework expects to see documented, consistent, evidenced AML/CFT management.
Where businesses are most exposed
One of the most common questions during the session was about audit readiness. Many reporting entities have programmes that are compliant with historical expectations, but may not reflect current typologies, risk assessments that have aged, and CDD processes that have not been revisited. The transition is an ideal moment to review.
A second exposure point is documentation. The new supervisor will expect to see clear evidence of programme management: risk assessments, training records, transaction monitoring setup, and decision-making trails for suspicious activity reporting.
What to do between now and 1 July
Between now and 1 July 2026, reporting entities should undertake a practical checklist: review the risk assessment against current typologies and business evolution, audit CDD procedures against current guidance, confirm training records are complete and documented, test transaction monitoring thresholds and alerts, and document the decision-making process for suspicious activity reporting.
The webinar replay is available for those who missed the session. Strategi is also available to help businesses review their AML/CFT programmes ahead of the transition — particularly where programmes were originally built for a different supervisory framework.
Get in touch for the webinar replay or to find out how Strategi can help with your AML/CFT programme review.