Ignorance can be as dangerous for solicitors as dishonest and deliberate
participation in money laundering, says John Gould

Conveyancers are now a lot busier than they were a year or two ago. Rising prices in many areas mean that the pressure is on solicitors to work quickly. New staff, who may relieve the pressure, are much harder to recruit. These are the conditions in which corners can be cut but one in particularly is dangerous. It is a hairpin on a mountain road: money laundering. It will come as no surprise that high standards are expected of solicitors for the very reason that their role as gatekeepers makes them particularly valuable to those wishing to launder the proceeds of crime. There are a number of cases in which a solicitor’s participation is dishonest and deliberate.

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John Gould is senior partner at Russell-Cooke 

www.russell-cooke.co.uk