Evans, Hayes, Burnell Limited (Evans, Hayes, Burnell Solicitors Limited)
Suite C Ground Floor, Princess House, Princess Way, Swansea , SA1 3LW
Recognised body
633037

Decision - Fined

Outcome: Fine

Outcome date: 10 September 2021

Published date: 18 October 2021

Firm details

No detail provided:

Outcome details

This outcome was reached by SRA decision.

Decision details

Evans Hayes Burnell Ltd is a recognised body whose principal office is at Suite C  Ground Floor, Princess House, Princess Way, Swansea SA1 3LW.

On 26 June 2017, the Money Laundering, Terrorist Financing and Transfer of Funds (information on the Payer) Regulations 2017 (MLRs 2017) came into force. Law firms who carry out certain work must comply with the MLRs 2017.

Those firms must carry out a risk assessment to identify and assess the business’s risks of money laundering and terrorist financing (the firm-wide risk assessment).

The SRA asked all those firms to complete a declaration to confirm that they have a compliant anti-money laundering firm-wide risk assessment by 31 January 2020.

Evans Hayes Burnell Ltd failed to provide the declaration until 30 April 2021 in breach of rules 2.1(a) and 3.3(a) of the SRA Code of Conduct for Firms.

Evans Hayes Burnell Ltd was directed to pay a penalty of £375 and ordered to pay costs of £600.