Disciplinary outcome: Katherine-Anne Fare
Order by consent
In the matter of
Mrs Katherine-Anne Fare MAAT
Membership number
232686
Date
8 January 2024
Misconduct
Katherine-Anne Fare’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. From an unknown date until on or around 28 February 2023, whilst a full member of AAT, she failed to apply adequate risk-based due diligence and ongoing monitoring measures in respect of one or more clients.
2. From an unknown date until on or around 28 February 2023, whilst a full member of AAT, she did not maintain an adequate written record of her Anti-Money laundering policies, controls and procedures.
3. From an unknown date until on or around 28 February 2023, whilst a full member of AAT, she did not carry out an adequate review of her Anti-Money laundering policies, controls and procedures.
4. From an unknown date until on or around 28 February 2023, whilst a full member of AAT, she failed to undertake formal Anti-Money Laundering training.
5. For an unknown period up until on or around 28 February 2023, she failed to maintain a continuity of practice agreement in accordance with AAT’s Continuity of Practice policy.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
Order
Katherine-Anne Fare is hereby:
i. Fined £2,000.
ii. Severely Reprimanded for 2 years.
iii. Divested of FMAAT status for 2 years.
Consent
Katherine-Anne Fare has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
