United Kingdom – law firm fined for sanctions controls

A law firm which self-reported itself to the legal regulator in relation to three real estate transactions has been fined £101,357 by the Solicitors Regulation Authority.

The transactions did not actually involve sanctioned persons or entities, but screening had not been conducted at the time of the transactions and subsequently a possible link between one of the transactions and a designated person was identified.

© 2009- Duane Morris LLP. Duane Morris is a registered service mark of Duane Morris LLP.

The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

Proudly powered by WordPress