Legal Watchdog Fines UK Lawyer Over 'Serious' AML Breach
By Silvia Martelli (January 10, 2022, 3:31 PM GMT) -- England's legal services regulator has fined a solicitor for using her law firm's client account as a banking facility in breach of the watchdog's anti-money laundering rules.
The Solicitors Regulation Authority said on Friday that it has fined Afshan Manzoor, a solicitor and sole owner of Manchester law firm Aim Legal Ltd, for loaning £20,000 ($27,000) held in the firm's client account on behalf of a company it represented.
The loan breached the SRA's anti-money laundering rule, which states that payments into and transfers or withdrawals from a client account can be made for the delivery of regulated legal services only....
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