Archive for the ‘Professional Bodies’ 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 ...
31.10.11 Former ATT President Charged With Tax Fraud
[caption id="attachment_501" align="alignleft" width="370" caption="Former ATT President"][/caption] Andrew Meeson, the former President of the Association of Taxation Technicians and three of his business associates who administered a pension scheme, have been charged with stealing £5million through a tax fraud ...
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 ...
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 ...
10.08.10 External consultants cannot act as a Nominated Officer under Money Laundering Regulations
As an external consultant I am usually in the situation where systems we devise for compliance starts with a simple policy statement, which firstly details who is and how to communicate with, the nominated officer, who will be a senior member of the firm, a director, partner or owner manager. ...
16.07.10 HMRC Publish their paper ‘What are your fees used for?’
In mid June HMRC published the above paper, which went to some length to describe the activity of the HMRC supervisory team and publish various statistics. This contains some very interesting statistics and some serious areas for concern, especially in the accountancy service providers sector. HMRC now state that between the ...
31.03.10 HMRC Announce Penalties for non-registration
HMRC Announces important information for Money Service Businesses, High Value Dealers, Trust or Company Service Providers and Accountancy Service Providers who have failed to apply for Money Laundering Regulations Registration. HMRC announce that a new late registration penalties policy has been introduced for Money Service Businesses, (MSBs) High Value Dealers, (HVDs) ...
19.01.10 OFT warns of deadline for anti-money laundering registration
Estate agents and certain consumer credit lenders must register under anti-money laundering regulations before 31 January 2010 to avoid breaking the law, the OFT warned today. Carrying on business having failed to do so could result in the imposition of a fine by the OFT, a prison sentence, or both. Money laundering ...
02.09.09 BTC to participate in HMRC Forum for TCSP’s
Steve O’Neill of Business Tax Centre has been chosen to be a part of HMRC’s supervisory forum for Trust and Company Service Providers. This is the second such forum organised by HMRC, the first being one for large money service businesses. The forums organised by HMRC’s ‘Money Laundering Regulations Team’ meet ...
