Mishcon de Reya has been fined £232,500, with costs of £50,000, following an investigation by the Solicitors Regulation Authority (SRA) into alleged due diligence and anti-money laundering failures. 

The fine relates to work done for two clients between 2015 and 2017 which involved acting on “a regulatory investigation”, “asset planning” and “the initial stages of the proposed acquisition of two separate entities”, according to the decision document published by the SRA.