Disciplinary outcome: Vicky Edwards
Order by consent
In the matter of
Mrs Vicky Edwards AATQB
Membership number
20209712
Date
13 March 2024
Misconduct
Vicky Edward’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. She failed to comply with her obligations under the relevant Money Laundering Regulations while providing accountancy services to the public, specifically:
1.1 From an unknown period up until on or around 17 August 2022, she failed to carry out any or any adequate risk assessment as part of her client due diligence (CDD) in respect of one or more clients.
1.2 For an unknown period up until on or around 17 August 2022, she failed to carry out any or any adequate firm-wide money laundering risk assessment.
1.3 For an unknown period up until on or around 17 August 2022, she failed to have in place any or any adequate documented AML policies, controls, and procedures.
2 From an unknown period up until on or around 17 August 2022, she provided Personal/Business Income Tax Servies to one or more clients without being appropriately licensed by AAT to do so.
3 From an unknown period up until on or around 17 August 2022, she failed to have in place any or 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
Vicky Edwards is hereby:
i. Fined £1300
ii. Severely reprimanded for one year (12 months)
Consent
Vicky Edwards consented to the decision of the Investigations Team in accordance with Regulation 5.3 of the Disciplinary Regulations 2024.
