- Application 11555-2016
- Admitted 1986
- Hearing 16 April 2018
- Reasons 16 April 2018
The SDT ordered that the respondent be struck off the roll.
The matter was dealt with by way of the agreed outcome procedure.
The respondent had made a personal unsecured loan of £60,000 to client LHC who did not obtain independent legal advice in breach of rule 3.01 of the Solicitors Code of Conduct 2007.
He had provided a banking facility through the client account of Harvey Roberts in breach of rule 15(2) of the Solicitors Accounts Rules 1998.
He had failed to ensure that lender clients were advised of all material facts pertaining to property transactions in breach of rules 1, 6(2)(a)(i) and (ii) and 6(3)(b)(ii) of the Solicitors Practice Rules 1990 and rules 1.04, 1.05, 1.06, 3.02(1)(b) and 3.18(1)(b) of the 2007 Code.
He had been convicted of seven counts of failing to comply with money laundering regulations, contrary to regulation 45 of the Money Laundering Regulations 2007, and one count of failing to disclose information in the regulated sector, contrary to sections 330 and 334 of the Proceeds of Crime Act 2002, in breach of principles 1, 2 and 6 of the SRA Principles 2011.
The SDT was satisfied beyond reasonable doubt that the respondent’s admissions had been properly made. Striking the respondent from the roll was appropriate and proportionate.
The respondent was ordered to pay costs of £6,000.