Assignment Question You are a trainee solicitor with a medium size law film, Moran, Talbot & Fox LLP, based In Leeds. Your mentor, Megan Talbot, who Is also one of the partners, has just had a meeting with one of the firm's associates regarding some potential Irregulartiles that have been Identifled In client files and use of the firm's clent account. In the light of the fact that you have a more up-to-date understanding of the SRAs professional requirements, she asks you to provide her with a confidential report highlighting the following points with regards to Henry: Any possible statutory and professional regulatory provision(s) applicable to the situation . The possible classification of Henry's actions under both statutory and regulatory provisions . The processes and procedures that Henry may be subject to In relation to the classification of his actions Megan emphasises the fact that this is to be kept strictly confidential and that you must only communicate with her on this matter. The meeting notes with which she provides you contain the following Information: The associates name Is Henry Lynch. He quallfled four (4) years ago and has been with the film since leaving law school. To date there have been no complaints or concame about his work. Since qualifying, Henry has built up a client portfolio which Includes a long standing client called Carlos Begby. Carlos has an Import/export business based In Leeds that has a distribution centre In the Republic of Colombia. There are rumours that Carlos Is related to the Vice President of Colombia but he has not engulred too deeply for fear of losing Carlos as a client. Recently, Henry has assisted Carlos In his proposed purchase of three (3) storage units next to the canal In Leeds. They are high value purchases because of their prime location and Carlos Is funding these purchases with assistance from his business partners Mr Khall who lives In London. All three (3) purchases are cash buys and require no mortgage or external loans