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Money laundering fine

28 Oct 2022|60 Seconds|Add your comment

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Scarborough-based law firm Pinkey Grunwells has been fined £2000 and ordered to pay £600 costs by the Solicitors’ Regulation Authority (SRA) after it was found to have failed to meet the SRA’s anti-money laundering (AML) requirements. The firm was initially investigated in 2020 and concerns were raised with regard to its non-compliance with AML rules and the SRA code of conduct. The firm had assured the SRA it was compliant but the regulator identified numerous issues in relation to both client and employee AML practices.

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