UK Law Firms Face £75M Money Laundering Investigations Alongside Russia Scrutiny
Big Law is also in the spotlight, including the London offices of Simpson Thacher & Bartlett and Armstrong Teasdale.
October 18, 2024 at 06:46 AM
3 minute read
RegulationThe Solicitor Regulation Authority's crackdown on law firm money laundering has resulted in 23 cases involving £75 million being referred to the National Crime Agency, while the U.K. Treasury is investigating two further cases of suspected Russian sanction breaches exceeding £300,000.
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