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

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

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.

Discover MLex

Stay on top of global regulatory developments

Latest News