Clyde & Co and former partner fined for AML breaches

London law firm Clyde & Co and one of its former partners, Edward Mills-Webb, have been fined UK£500,000 and UK£11,900, respectively, after accepting they failed to meet their anti-money laundering obligations in connection with a shipping industry client during proceedings before the Solicitors Disciplinary last week (commencing 8 January [2024]).

London law firm Clyde & Co and one of its former partners, Edward Mills-Webb, have been fined UK£500,000 and UK£11,900, respectively, after accepting they failed to meet their anti-money laundering obligations in connection with a shipping industry client during proceedings before the Solicitors Disciplinary last week (commencing 8 January [2024]).