The Solicitors Regulation Authority has appealed a tribunal’s decision clearing international giant Dentons of breaches of money laundering regulations, the regulator revealed today.
In March this year, following a six-day hearing, the Solicitors Disciplinary Tribunal dismissed all allegations against Dentons and directed the SRA to shoulder its own costs of £189,000.
The SRA had alleged that the world’s largest firm by headcount had breached money laundering regulations through its retention of a client from 2013 to 2017. The firm argued that SRA’s prosecution was not based on money laundering regulations that were in place at the time.
In a statement today, the SRA said its appeal was lodged with the High Court on 9 July. ‘The grounds for appeal will be disclosed at a later date,’ the statement continued. ‘The SRA’s skeleton argument will be lodged by 23 July.’
No date has been set for any hearing.
