We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

SRA suspends lawyer for AML failings

Compliance Monitor

SRA suspends lawyer for AML failings

A lawyer’s egregious disregard for anti-moneylaundering requirements has led to a nine-month suspension, restrictions on herpractising certificate and a contribution to legal costs. But relatively fewlaw firms receive an on-site AML review from their regulator, reports Denis O’Connor.

A solicitor, Natalia Levinzon, recently receiveda nine-month suspension from the legal profession after being found to havebeen responsible for her firm’s multiple and basic failings, over a period inexcess of five years, in its anti-money laundering (AML) obligations. [1] Some15 years after law firms first became subject to AML legislation, it isdisappointing to learn that there are some regulated entities that appear toflout the law. This case serves as a reminder to compliance staff of firms, nomatter what regulated sector they operate in, of the importance of properlyimplementing fundamental financial crime controls.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?


Request a trial Find out more