Dentons to face disciplinary tribunal over AML “failures”

Dentons: Full co-operation with SRA

The world’s largest law firm is to be prosecuted before the Solicitors Disciplinary Tribunal over alleged breaches of anti-money laundering rules.

The Solicitors Regulation Authority (SRA) announced yesterday that the tribunal has certified that Dentons has a case to answer in respect of alleged failures while acting for a politically exposed person or his associated entities between around May 2013 and June 2017.

These focus on it not taking adequate measures to establish the client’s source of wealth and/or funds.

The SRA notice said: “In so failing, it is alleged that the firm breached regulation 14(4)(b) and 14(4)(c) of the Money Laundering Regulations 2007; failed 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.

“It is alleged that such conduct failed to maintain the trust the public places in the firm and in the provision of legal services.”

The allegations are as yet unproven. A spokeswoman for the firm said: “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.”

Leave a Comment

By clicking Submit you consent to Legal Futures storing your personal data and confirm you have read our Privacy Policy and section 5 of our Terms & Conditions which deals with user-generated content. All comments will be moderated before posting.

Required fields are marked *
Email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.


European invasion – firms flood into the EU’s legal markets

The long march of lawyers across Europe continues apace more than 50 years after US law firms, together with their City counterparts, first opened offices in Paris and Brussels.

Legal project management – a mindset lawyers can easily apply

Where budgets are tight, lawyers will be considering what’s in their existing arsenal to still improve productivity. One effective, accessible and cheap tool is legal project management.

How a good customer journey can put your business on the map

Good customer service should be a priority for any business and, if you want to stay ahead of the competition, something that’s constantly under review.

Loading animation