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, the Investigation Committee made an order that the member be severely
reprimanded, fined £2,000 and pay costs of £1,080 with respect to a complaint that:
In February 2007, Mr A N Hamilton FCA acted for X on behalf of his firm, Y, when he
had failed to verify her identity or keep records of the evidence obtained, contrary to
section 18 of the anti-money laundering ‘Second Interim Guidance for Accountants’