Bangladesh, Aug. 2 -- A British solicitor has been fined and barred from compliance-related roles for five years after failing to conduct proper anti-money laundering checks on funds connected to the family of Azerbaijans former security minister. The case once again highlights growing concerns about illicit finance funneled through the UKs real estate sector using offshore vehicles.
The Solicitors Disciplinary Tribunal (SDT) ruled that Rory Fordyce, a solicitor and director at the now-defunct firm Taylor Fordyce, violated UK anti-money laundering (AML) regulations by facilitating suspicious transactions involving millions of pounds from the Mahmudov family – a politically exposed family from Azerbaijan with a controversial financi...
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