Archive for the ‘General News & Cases’ Category
07.11.11 ICAEW Disciplinary Consent order made on 3 October 2011
The followng consent orderwas made by the ICAEW investigation committee With the agreement of Richard Braysher of 2 High Road, Eastcote, Pinner, Middlesex, HA5 2EW, the Investigation Committee made an order that the member be severely reprimanded, fined £5,000 and pay costs of £1,280 with respect to a complaint that: 1 Between ...
04.11.11 Shah v HSBC: Court of Appeal Says the Identity of Staff Making SARs in Good Faith is Not Disclosable
Shah v HSBC: Court of Appeal Says the Identity of Staff Making SARs in Good Faith is Not Disclosable The Court of Appeal in London ruled on 13 October that HSBC Private Bank did not have to disclose the identity of employees who had made internal reports which had led to ...
11.07.11 Solicitor Jailed For Corruption
A Henley-on-Thames based solicitor is serving a 16 month prison sentence for abusing his professional position. James Thorburn-Muirhead was sentenced on 29th June after a SOCA investigation revealed his links to a drug dealer, his involvement in the theft of clients’ monies and his failure to disclose information under the Suspicious ...
12.05.11 ICAEW Fine Accountant £5,000 for breach
At a Disciplininary Council meeting a Mr P R Honeywell FCA was found to have failed to comply with Money Laundering Regulations 2007 in that, following a practice assurance visit, he failed to: (i) document a client due diligence review; and (ii) identify clients for whom his firm, Honeywell (Monmouth) Limited, provides ...
26.04.11 Thousands of UK passports ‘thrown out with rubbish’
[caption id="attachment_457" align="alignleft" width="304" caption="UK Passport"][/caption] Some 10,000 passports a year are probably thrown in bins, says the UK's Identity and Passport Service (IPS). Launching a campaign urging people to keep passports safe, it warns the same number are lost ...
11.02.11 An accountant has been found guilty of tipping off a client under PoCA
An Accountant has been warned he will go to jail after being found guilty of tipping off a client about a police investigation. The stark message to Kishor Doshi, director of Sunderland firm Otax, came after he was convicted of an offence under the Proceeds of Crime Act. The jury of eight ...
29.01.11 Pilot scheme to give law enforcement agencies access to MSB register
A new scheme is being piloted to give police and other law enforcement agencies access to information held on HMRC's Money Service Business (MSBs) register. Under the scheme each month agencies will be given details of all Money Service Businesses in their area held on the MSB register. The register is ...
20.01.11 UK identity cards can no longer be used to confirm identity under MLR
Under the Money Laundering Regulations businesses need to carry out customer due diligence on their customers. This involves asking to see documentary evidence of a customer's identity. Since November 2008 the UK Borders Agency (UKBA) has issued an ID card to migrants from countries outside the European Economic Area (EEA). From ...
30.11.10 Accountant fined £1,080 for a failure to verify a client
The ICAEW has made the following regulatory decision in a case for a failure to verify a client in accordance with the Money Laundering Regulations. Consent Orders made on 1 June 2010 With the agreement of Andrew Nigel Hamilton of 38 Dean Park Mews, Edinburgh EH4 1ED, ...
30.11.10 Accountant fined £5,000 for a failure to report
The ICAEW made the following regulatory decision in the following case for a failure to make a suspicious activity report in a timely basis Consent Orders made on 28 July 2010 With the agreement of Michael Martin Shenker of 5Wellesley Court, Apsley Way, London NW2 7HF, the Investigation Committee made an order that ...
