Financial Crime Financial Crime

UK law firm Clyde & Co ordered to pay GBP628,000 over money laundering failures

By Martin Coyle
  • 11 Jan 2024 15:02
  • 11 Jan 2024 15:02
UK law firm Clyde & Co has been hit with a 628,000 pounds ($797,000) penalty today for breaching the country’s anti-money laundering regulations over a shipping client. The fine equals the highest ever handed out by the UK’s Solicitors Disciplinary Tribunal.
Judges at the tribunal in London fined the law

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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