The SRA's allegations
Dentons will be hauled before the Solicitors Disciplinary Tribunal (SDT) over allegations that the firm breached anti-money laundering regulations.
Exact details remain murky for now, but a notice by the SRA said that it is pressing ahead with prosecuting Dentons.
The tribunal confirmed that "there is a case to answer in respect of allegations" which include the "failure" by Dentons "while acting for a politically exposed person or his associated entities between approximately May 2013 and June 2017, to take adequate measures to establish the client’s source of wealth and/or funds".
The regulator alleges that "in so failing" Dentons breached money laundering regulations in "failing to comply with its legal and regulatory obligations, run the business effectively in accordance with proper governance and sound financial and risk management principles and failed to comply with anti-money laundering legislation".
The SRA's case, to be heard at the hearing, is that Dentons' conduct "failed to maintain the trust the public places in the Firm and in the provision of legal services."
A spokesman for Dentons told RollOnFriday: "Dentons has co-operated fully with the SRA throughout this investigation, which relates to a former client, and we will continue to do so. As a Firm we are committed to strict compliance with all laws, regulations and professional standards of the jurisdictions we operate in."
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Presumably Russian defamation claims?
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As a trainee, we were told that they had the best compliance team in the world because they had such a complicated clients. “Better than Clifford Chance”.
Or not.
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Disgraceful
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Honestly I think the SRA asks for too much in the way of AML regs. How on earth can law firms comply with it?!
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seems odd, I have always found Dentons AML procedures at least on a par with other UK firms
good time to be hauled up on AML failures, what with Farage blowing a hole in them
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This does not surprise me. Dentons is the worst of the poorly managed firms and seems to be in the news for all the wrong reasons. This is a pattern. ROF does a great job of exposing the Dentons nonsense.
https://www.rollonfriday.com/news-content/dentons-discriminated-against-mother
https://www.rollonfriday.com/news-content/exclusive-dentons-under-sra-investigation-hr-cover
https://www.rollonfriday.com/news-content/exclusive-rumbled-dentons-lawyers-hid-relationship-firm-zooming-different-rooms-their
https://www.rollonfriday.com/news-content/exclusive-dentons-investigating-if-partner-penned-anti-us-diatribe
https://www.rollonfriday.com/news-content/ex-dentons-trainee-gets-after-sending-smutty-vibrator-christmas-card
https://www.rollonfriday.com/news-content/dentons-rubbishes-claim-its-ceo-quit-response-forgery-case
just to name a few.
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Now we know how those Chinese symbols in front of Dentons are pronounced - "Ho Lee Fuk".
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Every single firm in the West End which works for offshore money trusts and family offices ignores AML and KYC and pretend that Mr X from Primrose Hill lives in Panama or the BVI. Tax evasion causes more economic damage to the UK than all other criminality put together. Everyone knows it and yet nothing is done about it.
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