The FCA has published its AML annual report for 2015/16 which sets out how the FCA has sought to achieve certain objectives over the past year as regards firms having adequate safeguards proportionate and efficient financial crime controls in relation to AML. The report covers: (i) developments in the FCA's AML supervision strategy; (ii) findings and outcomes from recent specialist supervision work; (iii) policy developments in the last year; (iv) independent assessments of the FCA's AML supervision; and (v) how the FCA co-operates with its partners both at home and overseas. The FCA is currently working with HM Treasury and others to prepare for the next evaluation by FATF of AML supervision in the UK, which will take place in late 2017 and early 2018. As the largest AML supervisor in the UK, the FCA will play a major part in this assessment.