Crawford & Company Legal Services Limited (Crawford & Company Legal Services Limited)
Suite 7D, The Plaza, Old Hall Street, Liverpool , L3 9QJ
Licenced body
631335

Decision - Fined

Outcome: Fine

Outcome date: 26 May 2021

Published date: 6 July 2021

Firm details

No detail provided:

Outcome details

This outcome was reached by SRA decision.

Decision details

DISCIPLINARY DECISION FOR PUBLICATION

Crawford & Company Legal Services Limited is a Licensed Body whose principal office is at Suite 7D, The Plaza, Old Hall Street Liverpool L3 9QJ.

On 26 June 2017, the Money Laundering, Terrorist Financing and Transfer of Funds (information on the Payer) Regulations 2017 (MLRs 2017) came into force. Law firms who carry out certain work must comply with the MLRs 2017. Those firms must carry out a risk assessment to identify and assess the business’s risks of money laundering and terrorist financing (the firm-wide risk assessment).

The SRA asked all those firms to complete a declaration to confirm that they have a compliant anti-money laundering firm-wide risk assessment by 31 January 2020.

Crawford & Company Legal Services Limited failed to provide the declaration until 9 April 2021 in breach of rules 2.1(a) and 3.3(a) of the SRA Code of Conduct for Firms 2019.

Crawford & Company Legal Services Limited was directed to pay a penalty of £800 and ordered to pay costs of £600.