By Alisha Houlihan for AMLi
A lawyer in the UK has been fined £15K after failing to do proper client due diligence (CDD) in money laundering-related property transactions.
From April 2017 to May 2019, Kalwant Chauhan (Tony) acted on five conveyancing transactions for London firm Bowling & Co. He was sanctioned for his conduct in the transactions, according to legalfutures.
“Owing to a lack of CDD, it was unclear who Mr Chauhan’s client was in each of the completed transactions,” the SRA said in a notice last week.
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