Solicitors Regulation Authority (Image: SRA) & Simpson Thacher & Bartlett offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM. 'Firms Fear the PR Hit, Not the Sanction': Big Law on Edge After Simpson Thacher AML Prosecution
The London office of another prestigious New York-headquartered law firm has expressed concern over the news this week that Simpson Thacher will face a U.K. tribunal for alleged AML shortcomings.
August 22, 2024 at 05:58 AM
5 minute read
International - United Kingdom
The original version of this story was published on Law.com International
Earlier this week, Simpson Thacher & Bartlett became the latest major law firm to find itself on the sharp end of the Solicitors Regulation Authority's push to ensure compliance with anti-money laundering rules.
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