This is the Tribunal′s opinion: ″The Tribunal found that there was a need to protect both the public and the reputation of the legal profession from future harm from the Respondent by removing and thereafter restricting her ability to practise, but determined that neither the protection of the public nor the protection of the reputation of the legal profession justified striking the Respondent off the Roll. ″
So, she has been suspended for nine months and ordered to undertake a course of training in ″anti-money laundering″ (thereby meeting a statutory obligation so that′s nothing), Solicitors′ Accounts (which she must have passed an examination in as part of her qualification, if she was admitted in England, which she was) and Professional Ethics. The courses must be ″agreed″ in advance by the Solicitors′ Regulation Authority and certificates of attendance submitted for records. Following the period of suspension, she will be subject to stringent conditions.
The Tribunal was not invited to take note of any actual money laundering (if there was, indeed, any) and appears to have decided not to ask that question. Given that the case relates to purely regulatory failures, the result might seem fair.
However, the company failed and she was responsible: that is, on the face of it, a breach of the Money Laundering Regulations (each of various versions) and as a result, there is, on that basis alone, a clear implication of conduct which can result in a criminal conviction.
In all the circumstances, it seems, Levinzon got off very lightly indeed.
This all ties in nicely with the past few weeks here. Real work, very busy! Not ″busy work″ at all.
We′ve created a new ″link domain″ for the e-learning platform so it′s easier to type and remember: www.financialcrimetraining.com. Same place, shorter URL.
The following courses are now available at Financial Crime Risk and Compliance Training:
Essentials: Lawyers and Money Laundering – for all lawyers and all that deal with them. It′s a global approach that shows that lawyers are at risk of similar problems globally – and that they present similar problems globally to the banks and even other lawyers that deal with them.
Essentials: Correspondent Banking, Value Transfer Systems and Remittances. Once we get down to it, these have more in common than they have differences. And they face – and present – very similar risks.
Micro-course: Deutsche Bank ats New York Department of Financial Services ″The Epstein Case″ – critical and risk analysis including a novel threat that is long overdue and a strange benefit from the decision.
Case Studies – Criminal Cases. Our biggest selling course is a collection of financial crime case studies – always from the judgments – no ″X has been charged with…″ here. Some cases are essentially notes, others are detailed analysis of judgments and other court documents.
Taking our courses is something you can usefully do while working from home. It′s not busy work and you get a certificate, too, which ties nicely in with all the above 🙂
Be happy, safe and well
© 2020 Nigel Morris-Cotterill
All rights reserved.
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