Reply To: Banking Facilities

[Geoff]

There are a number of speculative reasons why this has become an issue.

My advice would be to seek guidance from the SRA.

I might also have been inclined to refer the matter to the Serious Fraud Office under their reporting procedures.

Bear in mind that a report to the SFO can be based on suspicion and does not have to be based on fact. Additionally you must not inform the party you are referring that you have done so since this constitutes a “tipping off” criminal offence for which you may be sanctioned.