Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Financial Services, UK

NEWS: UK solicitor cleared of AML offences he had admitted to in £24M case

By PAUL O’DONOGHUE, Senior Correspondent

A UK solicitor has been cleared of failing to conduct enhanced due diligence (EDD) on £24 million paid into his firm’s client account, despite his own admission to the alleged lapse.

The Solicitors Disciplinary Tribunal (SDT) ruled that neither solicitor Richard James Morris, nor his former firm, Candey, was required to apply EDD on the money, as alleged by the Solicitors Regulation Authority (SRA)

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!