Lawyers and client accounts: sand through a colander
Abstract
Purpose
To report empirical information about the scale of suspicious money movements through solicitors.
Design/methodology/approach
Review of selected criminal, civil and disciplinary cases.
Findings
The cases disclose at least £240 million moving through solicitors' hands in the absence of an underlying transaction in which the solicitor is providing legal advice.
Originality/value
A contribution to: the empirical data about laundering; raising the possibility of better control by regulatory rules about how lawyers hold and transfer money.
Keywords
Citation
Middleton, D.J. (2008), "Lawyers and client accounts: sand through a colander", Journal of Money Laundering Control, Vol. 11 No. 1, pp. 34-46. https://doi.org/10.1108/13685200810844488
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited