Solicitor fined £20k for providing banking facilities

A solicitor has been fined for providing banking facilities to conveyancing clients, exposing his firm to money laundering risks

22 Jun 2020

A solicitor has been hit with a £20,000 fine for providing banking facilities to conveyancing clients, exposing his firm to money laundering risks.

Sufe Miah, who was admitted to the roll in January 2009 and was sole director at Miah Partnership Ltd, used his firm’s client account as a banking facility for more than five months from November 2015.

For example, his firm received £536,682 into its client account from a company which was not and had never been a client.

The funds related to conveyancing transactions conducted on behalf of a number of special purchase vehicles (SPVs).

Around 63 conveyancing transactions were involved.

The Solicitors Disciplinary Tribunal (SDT) found he had brea...

Want to read on?

This article is part of our subscription-based access. Please pick one of the options below to continue.
Already registered? Login to access premium content

Single User

  • - 10 issues a year delivered to you
  • - Digital edition of the magazine
  • - Access to premium content
  • - Access to the SJ Archives
  • - Weekly email newsletter
  • - Access to the SJ community online
  • - Advanced search feature
  • - Online support
  • - Access to SJ app- coming soon!
  • - 6 special focuses per year
  • - Special offers on SJ and IICJ events

Corporate User

The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.

To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on george.miller@solicitorsjournal.com.