London Law Firms Face £75 Million Money Laundering Probes Amid Russian Sanction Investigations

London’s legal sector is currently under heightened scrutiny as 23 cases worth £75 million have been referred to the National Crime Agency, part of a broader crackdown by the Solicitor Regulation Authority (SRA) on money laundering activities. Additionally, the U.K. Treasury is examining two suspected cases of Russian sanction breaches, each reportedly exceeding £300,000. High-profile firms, including Simpson Thacher & Bartlett and Armstrong Teasdale, have also found themselves in the spotlight as this issue unfolds. For further details, see the full report here.