Top 50 UK Firm Rebuked by Regulator Over Money Laundering Training
The firm has also been ordered to pay the costs of the Solicitors Regulation Authority's investigation.
March 16, 2020 at 09:52 AM
3 minute read
Top 50 U.K. firm Withers has been rebuked by the Solicitors Regulation Authority (SRA) for failing to adequately provide anti-money laundering training to relevant employees.
According to the SRA, the firm "failed to take appropriate measures to ensure that its relevant employees were regularly given training in how to recognise and deal with transactions and other activities or situations which may be related to money laundering or terrorist financing."
The regulator also ordered the firm to pay £1,350 to cover the costs of its investigation.
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