City lawyer faces charges on money laundering rules

A senior City lawyer failed to comply with anti-money laundering rules while acting for the daughters of the president of Azerbaijan, regulators have alleged.

Khalid Sharif, a partner with Child Child, is to face charges before a disciplinary tribunal alleging that he failed to apply due diligence in a case with “a higher risk of money laundering”.

The allegations against the lawyer, who acts in expensive commercial and residential property deals in London, emerged from the Panama Papers scandal. The financial affairs ofwealthy individuals were leaked after the records of Mossack Fonseca, the Panamanian law firm, were hacked in 2016.

Mr Sharif is understood to have acted for Leyla and Arzu Aliyeva, the daughters of President Aliyev,when they started a secret offshore company in…

... read more at: https://www.thetimes.co.uk/article/city-lawyer-faces-charges-over-dealings-with-azerbaijan-leader-s-daughters-9qdvs2pqk

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