SRA Samples
A solicitor acts for a client in relation to the acquisition of a private limited company.
Two days before the transaction is due to complete the solicitor suspects that his client will be using the transaction to launder money. The solicitor reports this to the nominated officer who makes a suspicious activity report to the relevant authority.
What action should the solicitor now take?
A solicitor acts for a client in relation to the acquisition of a private limited company.
Two days before the transaction is due to complete the solicitor suspects that his client will be using the transaction to launder money. The solicitor reports this to the nominated officer who makes a suspicious activity report to the relevant authority.
What action should the solicitor now take?
Proceed with the transaction only after receiving authorisation from the relevant authority.
B - Proceed with the transaction only after receiving authorisation from the relevant authority.
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