Clyde & Co, Edward Henry Mills-Webb

Findings — machine-extracted (anthropic-batch:claude-opus-4-8); verify against the decision

Clyde & Co LLP and partner Edward Mills-Webb admitted anti-money laundering failures between July 2014 and January 2019 in respect of 14 transactions involving Company A and various principals. The firm failed to carry out adequate CDD and ongoing monitoring and to cease transactions or obtain further material when indicated; Mr Mills-Webb, the partner with primary responsibility, materially contributed to these failures. The Tribunal accepted the admissions in a Statement of Agreed Facts, found them proved, and imposed fines and costs. No dishonesty was alleged or found; the conduct was characterised as inadvertent/careless rather than reckless or lacking integrity. The firm had a previous 2017 Tribunal sanction (£50,000 fine).

Duties found breached:

• Firm governance, systems and compliance
• No conflict between current clients
• Non-discriminatory acceptance and cab-rank
• Not misrepresent regulated status