Confirmed annual report · no change to the law
FIC report confirms a data-led inspection environment
The FIC’s 2025/26 annual report records 60,115 registered institutions, 549 risk-based inspections, 160 compliance reviews, more than 10.8 million regulatory reports and 718,464 suspicious or unusual transaction reports. The FIC says self-assessment data is used to identify higher-risk institutions for targeted supervisory action.
Why it matters: the figures do not create a new obligation, but they confirm active, risk-based supervision. For property businesses subject to Item 3, the RMCP, registration profile, risk-and-compliance return and actual controls must tell the same story. Directive 12’s first annual RMCP deadline is now 26 days away.
Complete entity classification, freeze the RMCP against Guidance Note 7B, obtain signed approval and test the submission route. Reconcile each affected entity’s GoAML profile and prior return answers against the document that will be filed by 31 October.