Disciplinary outcome: Ryan Cairney
Order by consent
In the matter of
Mr Ryan Cairney MAAT
Membership number
20189833
Date
14 August 2024
Misconduct
Ryan Cairney’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 relevant Money Laundering Regulations while providing accountancy services to the public, specifically:
1.1 For an unknown period up until on or around 01 August 2023, he failed to carry out an adequate risk assessment and ongoing monitoring in respect of one or more clients and/or
1.2 For an unknown period up until on or around 01 August 2023, he failed to carry out any or any adequate periodic review of his Anti-Money Laundering policies, procedures, and controls and/or
2. For an unknown period up until on or around 01 August 2023, he failed to comply with paragraph 10 of AAT’s Clients’ Money Policy by receiving tax refunds into his firm’s office bank account and/or
3. For an unknown period up until on or around 01 August 2023, he failed to have in place any or any adequate Letters of Engagement.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.
Order
Ryan Cairney is hereby:
i. Fined £2000.00
ii. Severely Reprimanded for 24 months (2 years)
Consent
Ryan Cairney has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
