AML Policies, Controls & Procedures: Case Studies
Legal regulators have made numerous AML-related decisions in recent years.
Please see the below anonymised case studies of AML non-compliance that mostly found during AML audits.
These case studies, often involving fines, touch upon AML Policies, Controls & Procedures.
Some decisions result from an SRA AML Audit. Lexsure aims to ensure these example decisions
are accurate but please note that they are not the full decisions.
The case studies here mostly relate to SRA AML decisions and do
not offer a complete picture of a firm's regulatory record.
To check whether a law firm or an individual is regulated by the
SRA, and for relevant information about them you can search the SRA Solicitor Register.
To determine whether a regulator's decision is includied in the case studies
below, the said decisions will need to specifically mention AML Policies, Controls & Procedures.
For the most complete, up-to-date information the SRA offers about an individual's or firm's regulatory
record, please contact the SRA.
CDDmonitor offers firms an independent
AML audit as proactive help in preparing for an SRA AML Audit or assessment.
Find out more about AML Policies, Controls & Procedures here.
Alternatively, please contact the Lexsure Independent Audit Team.
| Decision Date
| Outcome
| Fine
|
| 2024-05-08
|
Regulatory settlement agreement
| £5,224
|
| 2024-04-23
|
Fine
| £1,520
|
| 2024-04-04
|
Fine
| £8,964
|
| 2024-03-25
|
Fine
| £6,663
|
| 2024-03-20
|
Fine
| £9,993.40
|
| 2024-03-11
|
Fine
| £12,181
|
| 2024-03-05
|
Regulatory settlement agreement
| £12,772
|
| 2024-02-26
|
Regulatory settlement agreement
| £4,293
|
| 2024-02-21
|
Fine
| £20,870.68
|
| 2024-02-16
|
Fine
| £19,482
|
| 2024-02-16
|
Regulatory settlement agreement
| £3,640
|
| 2024-02-09
|
Fine
| £16,052.80
|
| 2024-01-30
|
Fine
| £12,989.68
|
| 2024-01-08
|
Fine
| £18,750
|
| 2023-12-21
|
Fine
| £9,750
|
| 2023-12-18
|
Fine
| £3,203.20
|
| 2023-12-15
|
Fine
| £4,240.57
|
| 2023-12-12
|
Fine
|
|
| 2023-12-12
|
Regulatory settlement agreement
| £23,216
|
| 2023-11-30
|
Regulatory settlement agreement
| £3,900
|
| 2023-11-29
|
Regulatory settlement agreement
| £7,900
|
| 2023-10-24
|
Regulatory settlement agreement
| £1,745
|
| 2023-10-02
|
Fine
| £14,099.76
|
| 2023-09-18
|
Regulatory settlement agreement
|
|
| 2023-07-11
|
Regulatory settlement agreement
|
|
| 2023-05-05
|
Fine
| £4,000
|
| 2023-02-22
|
Fine
| £5,000
|
| 2023-02-20
|
Regulatory settlement agreement
|
|
| 2023-01-13
|
Regulatory settlement agreement
|
|
| 2023-01-12
|
Regulatory settlement agreement
|
|
| 2022-12-22
|
Regulatory settlement agreement
|
|
| 2022-12-20
|
Regulatory settlement agreement
|
|
| 2022-11-24
|
Regulatory settlement agreement
|
|
| 2022-10-13
|
Regulatory settlement agreement
| £2,000
|
| 2022-10-03
|
Regulatory settlement agreement
| £1,500
|
| 2022-09-14
|
Regulatory issue agreement
|
|
| 2022-09-05
|
Regulatory settlement agreement
|
|
| 2022-08-10
|
Fine
| £1,300
|
| 2022-07-27
|
Regulatory settlement agreement
|
|
| 2022-06-17
|
Regulatory settlement agreement
| £2,000
|