Shipping law firm Clyde & Co faces disciplinary tribunal over alleged money laundering breaches
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by Admin
The Solicitors Regulation Authority (SRA) on Wednesday (9 August) said shipping law firm Clyde & Co and its former partner Ed Mills-Webb have been referred to the Solicitors Disciplinary tribunal for allegedly failing to comply with anti-money laundering procedures and breaching money laundering regulations.
“The Tribunal has certified that there is a case to answer in respect of allegations which relate to matters arising from the firm’s handling of a number of matters on behalf of a client and companies used by the client involving failure to comply with anti-money laundering procedures and breach of Money Laundering Regulations in relation to a number of matters spanning a period of over 4 years,” the SRA said in a notice on its website.
“The allegations are subject to a Hearing before the Solicitors Disciplinary Tribunal and are as yet unproven.”
A similar notice was issued on Mills-Webb, who reportedly resigned from the firm in 2019 and joined Preston Turnbull as a consultant.
Photo credit: Pepi Stojanovski from Unsplash
Published: 14 August, 2023
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