The Solicitors Regulation Authority carried out an investigation into the firm following a desk-based review by our AML Proactive Supervision team.
The SRA’s review identified areas of concern in relation to the firm’s compliance with the Money Laundering, Terrorist Financing (Information on the Payer) Regulations 2017 (MLRs 2017), the SRA Principles 2011, the SRA Code of Conduct 2011, the SRA Principles 2019 and the SRA Code of Conduct for Firms 2019.
Client and matter risk assessments
Between 2019 and 2024, the firm failed to conduct client and matter risk assessments (CMRAs), as required by Regulation 28(12)(a)(ii) and Regulation 28(13) of the MLRs 2017.
During the desk-based review, the SRA’s AML Proactive Supervision team reviewed eight of the firm’s files that were in-scope of the MLRs 2017. None of the eight files contained a documented CMRA.
The Huddersfield firm, a licensed body authorised and regulated by the SRA, agreed to the following outcome of the investigation:
- A £36,622 fine
- The publication of the agreement (see here)
- To pay costs of £600.
Read the full SRA report here.