Firm received a second SRA fine after failing to comply with anti-money laundering data requests
Piper May Solicitors Ltd has been fined £1,500 by the Solicitors Regulation Authority (SRA) after failing to provide anti-money laundering and sanctions data despite an earlier enforcement action over the same issue. The regulatory decision, dated 4 June 2026 and published on 29 June 2026, states that the London-based firm was directed to pay a fixed financial penalty of £1,500 together with costs of £150.
According to the SRA, Piper May Solicitors Ltd, a recognised body with its office at 211 Uxbridge Road, London, W7 3TH, did not submit information relating to its anti-money laundering (AML) and sanctions requirements after the regulator requested it.
The SRA said firms are required to respond promptly to its requests and provide complete and accurate information when required. It found that Piper May Solicitors Ltd failed to comply with those obligations, placing the firm in breach of paragraph 3.3(a) of the Code of Conduct for Firms.
The regulator also stated that the firm did not remedy the breach after being given notice and a reasonable opportunity to do so. The decision notes that the failure continued even after the SRA had previously imposed a fixed financial penalty of £750.
That earlier enforcement action was issued on 21 April 2026 and published on 23 April 2026. In that decision, the SRA directed Piper May Solicitors Ltd to pay a fixed financial penalty of £750 together with costs of £150 after the firm failed to submit the requested AML and sanctions data.
The earlier decision explained that the firm had been asked to provide information relating to its anti-money laundering and sanctions obligations but failed to do so after the SRA’s request. It also recorded that the firm did not correct the breach despite being given notice and reasonable time to comply.
The latest decision confirms that the firm remained in breach after the earlier fixed financial penalty of £750 had been imposed, resulting in a further fixed financial penalty of £1,500. The SRA reached both outcomes through its own regulatory decision-making process. No additional firm details were provided within the published decisions.
Anti-money laundering compliance remains a key regulatory obligation for solicitors and law firms. The SRA routinely requires firms to provide information to support its supervisory work and expects timely, complete and accurate responses to regulatory requests. Failure to comply with those requirements can lead to disciplinary action, including financial penalties where appropriate.