Anonymised Anti-Money Laundering (AML) case studies, to assist members in reviewing AML policies and procedures, are available on our enforcement notices page – click here.

The practitioner had agreed a settlement with a bankrupt in respect of the matrimonial home and provided clients’ account details into which third-party settlement monies were to be transferred. The third party failed to make payment via a bank transfer, as agreed, and paid cash into the account, over the counter. The third party, a family member, had now left the country indefinitely, without first providing any form of identification.

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