Basic Search  |  Summaries  |  Advanced Search

Violation Tracker UK Individual Case

Company: Connelly & Co Limited
Company City/Town: Huddersfield
Company Nation/Region: England
Penalty: £700
Year: 2020
Date: 20 April, 2020
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: Connelly & Co Limited of Huddersfield, United Kingdom has agreed to pay a practice assurance penalty of £700, which was decided by the Practice Assurance Committee. This was in view of the firm's admitted breach of Practice Assurance Regulation 4 (2008 Regulations); in that it failed to comply with a written assurance to document a risk assessment and check the information held to confirm the identity of all existing clients, as required by the Money Laundering Regulations 2007.
Action Type: agency action
Settlement Type: Practice Assurance Committee decision
Agency: Institute of Chartered Accountants in England and Wales
Source of Data(click here)