Disciplinary outcome: John Leahy
Order by consent
In the matter of
Mr John Leahy MAAT
Membership number
292064
Date
1 April 2023
Misconduct
John Leahy’s professional or personal conduct, was found to be in breach of the Code of Professional Ethics and to have posed a risk to the public or was likely to undermine public confidence in the Association or its members; namely:
1.He failed to comply with his obligations under the Money Laundering Regulation in force while providing accountancy and/or bookkeeping services to the public, specifically:
1.1. Between 10 April 2018 to on or around 18 August 2022,whilst a full member of AAT, he failed to apply adequate risk-based due diligence and ongoing monitoring measures in respect of one or more clients.
1.2. Between 10 April 2018 to on or around 18 August 2022, whilst a full member of AAT, he did not carry out an adequate review of his anti-money laundering policies, controls and procedures.
1.3. Between 10 April 2018 to on or around 18 August 2022, whilst a full member of AAT, he did not carry out and/or record an adequate firm-wide money laundering risk assessment.
2.Between 10 April 2018 to on or around 18 August 2022, whilst a full member of AAT, he failed to provide services in accordance with relevant accounting standards and statutory requirements
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
Order
John Leahy is hereby:
i. Severe Reprimand to remain live of Mr Leahy’s record for a period of 2 years
ii. Fined £2,000
Consent
John Leahy agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
