Three Clyde & Co partners receive £10,000 fines for money laundering breaches

Firm also fined £50,000 for failure to comply with accounting rules

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Three Clyde & Co partners have each been fined £10,000 by the Solicitors Disciplinary Tribunal (SDT) for breaching money laundering rules.

Projects partner Nick Purnell and corporate partners Christopher Duffy and Simon Gamblin, all of who are based in London, admitted that they had allowed the firm’s client bank account to be used as a banking facility, which breached a number of regulations under the SRA Accounts Rules 2011 and the Money Laundering Regulations 2007.

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