UK SRA UNCOVERS “GENERALLY SHOCKING” MONEY LAUNDERING BY LAW FIRMS

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SRA

http://www.legalfutures.co.uk/latest-news/sra-uncovers-genuinely-shocking-money-laundering-law-firms

 

Some “genuinely shocking” cases of money laundering by law firms are currently going through the disciplinary system, a senior manager at the Solicitors Regulation Authority (SRA) has warned the profession.

Sam Palmer, manager of regulatory management at the SRA, said “landmark” money laundering cases “will become public knowledge when the disciplinary process has taken place”.

Ms Palmer said the SRA uncovered the cases amid a “dramatic increase” in reports of money laundering, and “almost as a side-shoot” to its work on the financial stability of law firms.

“We are seeing some very, very extreme cases,” she said. “These cases will be genuinely shocking to the vast majority of the profession”.

Speaking at the SRA’s annual conference for COLPs and COFAs this week, Ms Palmer said firms were failing to appoint sufficiently senior money-laundering reporting officers (MLROs).

She said a colleague had come across one firm, with 40 partners, where the MLRO was only 18 years old. “He was the son of one of the partners, who didn’t want to go to university and couldn’t get a job”.

In another example, Ms Palmer described how the SRA visited a “reasonably sized practice” where the MLRO was a “low-grade employee” who worked at the firm for a couple of days a week.

She said the firm had a “very low level” of money-laundering training. “Nobody in finance had received any training, and no equity partner or fee-earner who joined in the last two years.”

Ms Palmer said emails about money laundering from HR were “regularly ignored, with no follow-up”.

She said: “The lack of interest from senior levels in the firm percolated down. This led to some very extreme examples of behaviours and transactions in the property department”.

Steve Wilmott, director of intelligence and investigation at the SRA, said the legal profession was facing a “perfect storm” on money laundering.

Mr Wilmott said enforcement agencies had warned both the financial and legal sectors that they were heading for a “bumpy ride”.

He said the Financial Action Task Force, an international body which aims to counter money laundering and the financing of terrorism, is due to inspect the UK in 2016, while a recent EU directive would be implemented through new money-laundering regulations next year and the government had launched a separate initiative on “professional enablers”.

Ms Palmer added that all firms subject to regulatory management, of which there were around 300, would receive a money laundering visit from the SRA, along with around 200 other firms which would be targeted as part of the regulator’s supervisory activities.

In a guidance note on money laundering, the Law Society said MLROs needed to be “sufficiently senior” within the firm. “They will make decisions on systems and procedures which may result in certain retainers being declined. They need sufficient authority to implement these systems and procedures in the first place and then to enforce them.”

JOSE EMILIO SANTOS TASENDE + PEDRO MIGUEL MARTINS MARQUES DA SILVA ARE ALSO LINKED TO CRIMINAL UK SHELL P.I.C.I.D. LTD

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Jose Emilio Santos Tasende--passport

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Vicente Carro Romero--passport

 

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SEE WHO ARE THE ALLEGED SHAREHOLDERS OF THE CRIMINAL UK SHELL P.I.C.I.D. LTD

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WHO ARE THE REAL OWNERS OF P.I.C.I.D. LTD?

About Nominee Shareholder
The Nominee Shareholder is a stakeholder of the company. You can use a nominee in certain countries wherein this system is recognized as legal.Nominees are used mainly for security reasons — to protect your personal information as well as your business activities. Countries who have accepted the Nominee system into their incorporation procedures are:

Delaware Company Nevada Company
UK Company British Virgin Island Company
Hong Kong Company Seychelles Company
Belize Company


Using a Nominee gives you the option not to provide authorities with your personal information. Your name, address, ID´s, and passport details are never registered, and therefore, never recorded to be shared to third parties.

Vicente Carro Romero--passport

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14098692-0 14098692-1 14098692-2

 

 

WHAT CAN YOU TELL US ABOUT STEPHEN CHESNEY WITH 10 UK DINs?

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THE MAIN PURPOSE OF THE DIRECTOR IDENTIFICATION NUMBER (DIN) IS TO MAKE DIRECTORS TRACEABLE AMONG UK SHELLS.

http://www.startupfreak.com/what-is-director-identification-number-din-how-to-get-din/

IT IS ILLEGAL FOR A UK DIRECTOR TO HAVE MORE THAN 1 DIN.

 

 912916108
 915863328
 914997918
 915648201
 916057488
 917456014
 918518749
 917372188
 915851406
 915947983

WHAT CAN YOU TELL US ABOUT STEPHEN CHESNEY + WHO ARE TRUE OWNERS OF THESE 21 UK SHELL DIRECTORSHIPS?

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STEPHEN CHESNEY

 

Director Overview

Stephen Chesney holds 5 appointments at 5 active companies, has resigned from 0 companies and held 16 appointments at 11 dissolved companies. Stephen began their first appointment at the age of 56. Their longest current appointment spans 3 years and 6 months at R.D.S. EUROPE (2011) LIMITED.

The combined cash at bank value for all businesses where Stephen holds a current appointment equals £0, with a combined total current assets value of £0 and total current liabilities of £0. Roles associated with Stephen Chesney within the recorded businesses include: Company Secretary, Director, Llp Designated Member

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Company Name Company Status Position Appointed Resigned Dissolved
ENYPESA LIMITED Company is dissolved Company Secretary 12/06/2009 - Yes
ENYPESA LIMITED Company is dissolved Director 12/06/2009 - Yes
NAVARME PRODUKTION LIMITED Company is dissolved Company Secretary 31/03/2008 - Yes
NAVARME PRODUKTION LIMITED Company is dissolved Director 31/03/2008 - Yes
PPR CONSULTING U.K. LIMITED Company is dissolved Company Secretary 03/07/2009 - Yes
ARTLIB COMPANY LIMITED Company is dissolved Company Secretary 31/03/2008 - Yes
PPR CONSULTING U.K. LIMITED Company is dissolved Director 03/07/2009 - Yes
ENYPESA BELARUS LIMITED Company is dissolved Director 16/04/2010 - Yes
ARTLIB COMPANY LIMITED Company is dissolved Director 31/03/2008 - Yes
VENTTURINI UK LIMITED Company is dissolved Company Secretary 03/07/2009 - Yes
SERODEP LIMITED Company is dissolved Company Secretary 01/07/2007 - Yes
SERODEP LIMITED Company is dissolved Director 01/07/2007 - Yes
ENYPESA SIBERIA LIMITED Company is dissolved Company Secretary 15/09/2009 - Yes
MAREN UK LIMITED Company is dissolved Company Secretary 03/07/2009 - Yes
BALINVEST EUROPE LIMITED Company is dissolved Director 29/09/2008 - Yes
RDS EUROPE LIMITED Company is dissolved Director 30/09/2008 - Yes
R.D.S. EUROPE (2011) LIMITED Non trading Director 04/05/2011 - -
PENDRAGON BUSINESS CONSULTANTS LLP Active – Newly Incorporated LLP Designated Member 04/03/2014 - -
BANGOLD LIMITED Active – Newly Incorporated Director 13/06/2014 - -
20:20 DEVELOPMENTS LIMITED Non trading Director 16/04/2013 - -
PPR CONSULTING EUROPE LIMITED Non trading Director 04/05/2011 - -