UK: Solicitor who “completely failed to carry out money laundering checks” is suspended

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September 20 2016

A former sole practitioner who “completely failed to carry out money laundering checks or prevent his client bank accounts from being misused”, and as a result saw hundreds of thousands of pounds pass through his firm, has been suspended by the Solicitors Disciplinary Tribunal (SDT).

The SDT found that Gavin Wilcock had “involved himself in transactions that bore the hallmarks of money laundering”, including the transfer of €400,000 from one “unknown individual” to another in Russia.

The tribunal said Mr Wilcock, who no longer has a practising certificate, had “gone along with what his clients wanted, without regard to his professional obligations”.