Disciplinary outcome: undefined undefined
Order by consent
In the matter of
Ms Shona Kerr FMAAT
Membership number
20114672
Date
8 May 2024
Misconduct
Shona Kerr’s was found to have committed any act or omission that falls short of the standards reasonably expected of them, including but not limited to those matters listed in the Code of Professional Ethics, which brings, or is likely to bring, discredit to the member, the accountancy profession or AAT; namely:
- For an unknown period up until on or around 22 March 2023 she failed to have in place adequate Anti-Money Laundering policies, procedures, and controls.
- For an unknown period up until on or around 22 March 2023 she failed to carry out an adequate firm-wide money laundering risk assessment.
- For an unknown period up until on or around 22 March 2023 she failed to carry out an adequate risk assessment and ongoing monitoring in respect of one or more clients.
- For an unknown period up until on or around 22 March 2023 she failed to have in place any or any adequate continuity of practice agreement.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.
Order
Shona Kerr is hereby:
- Fined £2,000.00
- Severely reprimanded for two years (24 months)
- Removed from AAT fellow membership status (FMAAT) for two years (24 months)
Consent
Shona Kerr has agreed to submit to the decision of the Investigations Team in accordance with Regulation 5.3 of the Disciplinary Regulations.
