Dubai-based Mashreqbank has agreed to pay $40mn to the New York financial authorities and to take a range of remedial measures related to compliance issues at its New York branch. The issues relate to Bank Secrecy Act and Anti Money Laundering issues.
ABA welcomes Philip Ross Solicitors as new Corporate Member
Philip Ross Solicitors was founded in 1946 and its head office is in Queen Anne Street, just above Oxford Street in London’s West End.
The firm works with both business and private clients and has a particular focus on property law and estate planning. The firm works on a full spectrum of property issues, including structuring deals, conveyancing, corporate recoveries and litigation. It handles both commercial and residential transactions.
Philip Ross is a member of the Law Society’s Conveyancing Quality Scheme and is regulated by the Solicitors Regulation Society.
The firm is a founder member of Cyrus Ross International (www.cyrusross.com), which comprises a network of individual law firms throughout Europe.
George Constant will lead the firm’s relationship with the Arab Bankers Association. George heads up a team that specialises in commercial and residential real estate investment and development for both investors and developers. George and his team also have considerable experience in secured lending and act for several clients seeking Shari’ah-compliant structures.
George and his team also undertake a significant amount of work in the leisure and hospitality sector.
Philip Ross is headquartered at 34 Queen Anne Street, London W1G 8HE. Its phone number is 020 7636 6969. Its website is www.philipross.com
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