DKLM fined £12,000 in UK over reliance on Ukraine lawyer's due diligence

A law firm based in the City of London has accepted that it should not have relied on customer due diligence (CDD) and source of funds (SOF) checks by a Ukrainian lawyer, working at a Ukrainian practice, in support of a house purchase in the UK.

A law firm based in the City of London has accepted that it should not have relied on customer due diligence (CDD) and source of funds (SOF) checks by a Ukrainian lawyer, working at a Ukrainian practice, in support of a house purchase in the UK.