LLR: Financial Crime

General Editor: Karl Laird</br> Editorial Advisory Board:</br> Professor Peter Alldridge</br> Professor Jeremy Horder</br> Professor David Ormerod KC</br> Professor John R Spencer</br> Richard Burger</br> William Clegg KC</br> Colin Nicholls KC</br> Jonathan Pickworth </br> Nicholas Purnell KC</br> Case reporters and commentators:</br> Academic:</br> </br> Practitioner:</br> Allison Clare KC</br> Sarah Clarke KC</br> Anita Clifford</br>Susannah Cogman</br> Rachel Cook</br> Alex Davidson </br>Eleanor Davison</br> Adina Ezekiel</br> Elaine Freer</br> William Hays</br> Bryan Heaney</br> Nichola Higgins</br> Shula de Jersey</br> Paul Jarvis</br> Nicholas Johnson KC</br> Alice Lepeuple</br> Robin Loof</br>Jennifer Newcomb</br> Quinton Newcomb</br>James Purchas</br> Andrew Smith</br> Aaron Watkins</br> Sebastian Walker</br> Gabriele Watts</br>

Document

SOLICITORS REGULATION AUTHORITY v CLYDE & CO LLP CHRISTOPHER DUFFY SIMON GAMBLIN AND NICK PURNELL

[2017] Lloyd's Rep. FC 418

SOLICITORS DISCIPLINARY TRIBUNAL

Before Miss Cullen,Mr Davies,Dr Hurly

Solicitors - Breach of accounts rules and principles - Acting as escrow agent - Acting as banker - Acting for client in dubious financial arrangements or investment schemes - Failure to have procedures in place to deal with dormant client balances - Financial penalty - Fines - Level of fines - Solicitors Act 1974 - Money Laundering Regulations 2007 (SI 2007 No 2157) - Solicitors Accounts Rules 1998, rr 15(3) and (4) - SRA Accounts Rules 2011, rr 6, 14.3, 14.4 and 14.5 - SRA Principles 2011, principles 6, 7 and 8 - SRA Code of Conduct 2011, outcomes 1.3, 7.2, 7.3, 7.4 and 7.5 - Guidance Notes on Sanction 2016.

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