UK law firm accused of failings over Azerbaijan leader's daughters' offshore assets

Child & Child set up secret company in British Virgin Islands and claimed Leyla and Arzu Aliyev had no political connections

A firm of London solicitors that set up an offshore company for the daughters of Azerbaijan’s president has been referred to a disciplinary tribunal accused of multiple failings. They include not detecting “a significant risk of money laundering”.

Leyla and Arzu Aliyeva – the daughters of President Ilham Aliyev – set up a secret offshore company to help manage their multimillion pound property portfolio in Britain. The firm – Exaltation Limited – was based in the tax haven of the British Virgin Islands.

Related: The Azerbaijani president’s children and the Dubai property empire

Related: London law firm helped Azerbaijan’s first family set up secret offshore firm

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