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Paul Christopher Flaherty; William John Gregory Osmond

JurisdictionEngland & Wales
BodySolicitors Disciplinary Tribunal (SDT)
Professionsolicitor
Case number12647/2024
Date01/04/2025
OutcomeFine, Suspend - Fixed Period

Allegation / charges

Breaches, Failures, Misappropriation of Client Account, Money Laundering Regulations, Solicitors Accounts Rules 2011, SRA Principles 2011

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

SanctionSuspension
Suspension12 months
FineGBP 5,001
CostsGBP 65,000
Dishonesty foundNo

Duties found breached:

Aggravating factors:

  • Large number of transactions over £28m paid out without underlying legal transactions
  • Misconduct continued over a period exceeding three years
  • Clear Law Society/SRA guidance on AML risks existed which the First Respondent should have been aware of
  • Second Respondent's breaches may have continued longer but for the Qualified Accountant's Report

Mitigating factors:

  • No loss caused to any client or third party
  • No evidence the First Respondent profited from the misconduct
  • Second Respondent relied on assurances from a trusted co-partner of over 10 years
  • Second Respondent expressed regret

Codes & rules applied

Documents

Source: https://solicitorstribunal.org.uk/case/12647/