Our summary of recent decisions from the Solicitors Disciplinary Tribunal involving breaches of anti-money laundering requirements.
SRA v Neil Bolton
3 May 2018
The respondent had been sentenced to nine months imprisonment last October after being found guilty on seven counts of failing to comply with money laundering regulations, contrary to Regulation 45 of the Money Laundering Regulations 2007 and one count of failing to disclose information in the regulated sector under the Proceeds of Crime Act 2002.
Sanction: The respondent was struck off and ordered to pay costs of £6,000.
Read more on the Solicitors Disciplinary Tribunal website (PDF)
City lawyer referred to SDT for breaches of AML rules
Khalid Sharif, partner at Child & Child, has been referred to the SDT for allegedly failing to identify that his clients, the daughters of Azerbaijan’s president, were politically exposed persons, among other breaches.
