The Solicitors Regulation Authority has referred law firm Simpson Thacher & Bartlett to the Solicitors Disciplinary Tribunal in London over allegations of historic anti-money laundering compliance shortcomings.
In a decision published on its website today, the SRA said there is a case to answer in respect of allegations that include that “the ‘relevant person’ with ultimate responsibility for compliance with the prevailing anti-money laundering regulations” failed to have firm wide risk assessments in place between 2017 and 2020, among other measures.
