Huggins Lewis Foskett
5/6 The Shrubberies, George Lane, London
, NE18 1BG
Recognised body
061515
Decision - Prosecution
Outcome: Referral to Solicitors Disciplinary Tribunal
Outcome date: 17 July 2024
Published date: 23 October 2024
Firm details
Firm or organisation at time of matters giving rise to outcome
Name: Huggins Lewis Foskett
Address(es): 5/6 The Shrubberies, George Lane, London NE18 1BG
Firm ID: 061515
Firm or organisation at date of publication
Name: Huggins, Lewis Foskett
Address(es): 5/6 The Shrubberies, George Lane, London
Firm ID: 061515
Outcome details
This outcome was reached by SRA decision.
Reasons/basis
This notification relates to a Decision to prosecute before the Solicitors Disciplinary Tribunal. This is an independent Tribunal which will reach its own decision after considering all the evidence, including any evidence put forward by the Respondent(s). The Tribunal has certified that there is a case to answer in respect of allegations which are or include that:-
- Between 26 June 2017 and April 2022, the firm failed to have in place an appropriate Firm Wide Risk Assessment (FWRA) that identified and assessed the risks of money laundering to which it was subject, taking into account all risk factors pursuant to Regulation 18(2) of the MLRs 2017.
- Between 26 June 2017 and April 2022, the firm failed to establish and maintain appropriate Policies Controls and Processes (PCPs) to mitigate and effectively manage the risks of money laundering and terrorist financing, identified in any risk assessment (FWRA), pursuant to Regulation 19(1)(a) of the MLRs 2017, and regularly review and update them pursuant to Regulation 19(1)(b) of the MLRs 2017.
- Failed to monitor and manage compliance with its PCPs, as required by Regulation 19(3)(e) of the MLRs 2017.
- Between 26 June 2017 and April 2022, the firm failed to conduct client and matter risk assessments (CMRAs), as required by Regulations 28(12)(a)(ii) and 28(13) of the MLRs 2017.
- Between 26 June 2017 and 2024, failed to establish an independent audit, as required by Regulation 21(1)(c) of the MLRs 2017.
The allegations are subject to a Hearing before the Solicitors Disciplinary Tribunal and are as yet unproven.