Answer
Yes, if you know or suspect the money is criminal property. Further to the news article referred to below, it is suggested that you advise the paying party to pay the money directly into court. The court process protects solicitors from the risk of handling bail monies. Therefore, there is no reason for you to accept bail monies into your firm's account.
For more information, see the Law Society's news item on Money laundering and paying bail.
Contact the Practice Advice Service
Call us on 0870 606 2522 or email practiceadvice@lawsociety.org.uk
Disclaimer
While every effort has been made to ensure the accuracy of the information provided by the Practice Advice Service, it does not constitute legal advice and cannot be relied upon as such. The Law Society does not accept any responsibility for liabilities arising as a result of reliance upon the information given.