i-law

Money Laundering Bulletin

London lawyer fined UK£45,000 over PEP negligence

Khalid Mohammed Sharif, a partner at London law firm Child & Child, has been fined UK45,000 by the Solicitors Disciplinary Tribunal [1] for not taking adequate steps to check if clients wishing to set up a British Virgin Islands company to purchase London property worth UK£59.5m were politically exposed persons (PEPs).

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