Simpson Thacher to face SDT over “compliance shortcomings”
US giant Simpson Thacher & Bartlett has been referred to the Solicitors Disciplinary Tribunal (SDT) by the Solicitors Regulation Authority (SRA) over allegations relating to failures with anti-money laundering regulations. The SRA alleges that Simpson Thacher failed to have in place a compliant “Firm Wide Risk Assessment” (FWRA) between 2017 and 2023, and between 2017 […]