London Office of New York Law Firm Simpson Thacher Faces U.K. Tribunal Over Alleged AML Lapses

The London office of another prestigious New York-headquartered law firm has expressed concern over the news this week that Simpson Thacher will face a U.K. tribunal for alleged AML shortcomings. Legal professionals are on edge, fearing the reputational damage more than the actual sanctions. More details on this developing story can be found here.