UK lawyer with "cavalier approach" to ML Regulations fined UK£45,000

A lawyer who insisted that he genuinely believed he had complied with the UK Money Laundering Regulations, but when investigated by the Solicitors Regulation Authority (SRA) acknowledged he had not, has been fined UK£45,000 (US$56,730), and ordered to pay costs of UK£60,000 (US$75,640), by the Solicitors Disciplinary Tribunal (SDT).

A lawyer who insisted that he genuinely believed that he had complied with the UK Money Laundering Regulations, but when investigated by the Solicitors Regulation Authority (SRA) acknowledged he had not, has been fined UK£45,000 (US$56,730), and ordered to pay costs of UK£60,000 (US$75,640), by the Solicitors Disciplinary Tribunal (SDT).