Simpson Thacher & Bartlett is facing a tribunal due to alleged failures in anti-money laundering measures at its London office, emphasizing the importance of proper safeguards.
The firm asserts that no actual money laundering occurred and that there was no harm to clients, but this response does not address the fundamental issue of negligence.
The legal community is watching to see what repercussions Simpson Thacher might face, as it highlights ongoing concerns regarding law firms and money laundering compliance.
#law-firm-compliance #money-laundering #legal-negligence #simpson-thacher--bartlett #regulatory-actions
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