US Edition£120,000 fine for Southend law firm over long-term AML failures is a stark lesson in the importance of AML risk assessments - VinciWorks
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£120,000 fine for Southend law firm over long-term AML failures is a stark lesson in the importance of AML risk assessments - VinciWorks
Southend-based law firm Tolhurst Fisher LLP was slapped with a £120,000 fine, with additional costs of £25,290, for failing to implement a firm-wide AML risk assessment over a period spanning more than 15 years. The Solicitors Disciplinary Tribunal (SDT) concluded that between June 2017 and January 2024, Tolhurst Fisher had failed to “conduct or have in place” a proper risk assessment. According to the SDT’s report, the firm also neglected “ap…
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