Tolhurst Fisher fined UK£120,000 by UK legal regulator for long-running AML failings

The Solicitors Disciplinary Tribunal has confirmed a settlement between Tolhurst Fisher LLP and the Solicitors Regulation Authority (SRA) for England & Wales, in which the law firm will pay a UK£120,000 (US$161,000) fine and UK£25,290 (US$33,930) costs for protracted breaches of the Money Laundering Regulations.

The Solicitors Disciplinary Tribunal has confirmed a settlement between Tolhurst Fisher LLP and the Solicitors Regulation Authority (SRA) for England & Wales, in which the law firm will pay a UK£120,000 (US$161,000) fine and UK£25,290 (US$33,930) costs for protracted breaches of the Money Laundering Regulations (MLRs). [1]