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Violation Tracker UK Individual Case

Company: Chandley Robinson Ltd
Company City/Town: Cheadle
Company Nation/Region: England
Penalty: £4,200
Year: 2020
Date: 18 August, 2020
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: The owner of Chandley Robinson of Cheadle, United Kingdom has agreed to pay a practice assurance penalty of £4,200 which was decided by the Practice Assurance Committee. This was in view of his admitted breach of Clients' Money Regulation 9a,in that he held Clients' money in an office account for a period of approximately seven months, when it should have been held in a designated client account; and a breach of Practice AssuranceRegulation4 (2008 regulations),in that he failed to comply with an assurance to document ongoing client due diligence as required by the Money Laundering Regulations2007.
Action Type: agency action
Settlement Type: Practice Assurance Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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