Basic Search  |  Summaries  |  Advanced SearchCompany City/Town: Denbigh
Company Nation/Region: Wales
Penalty: £1,050
Year: 2020
Date: 8 June, 2020
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: D.C. Evans of Denbigh, Wales has agreed to pay a practice assurance penalty of £1,050, 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 written assurances given in response to the closing record by A)failing to document client due diligence and risk assessments on all clients, as required by the Money Laundering Regulations 2007 B)failing to issue clients with details of the firm's fees and complaints procedures, as required by the Code of Ethics (240.2b [2011]) and ICAEW Disciplinary Bye-law 11.1; and C)failing to disclose the details of the firm's professional indemnity insurance to clients as required by the Provision of Services Regulations 2009.
Action Type: agency action
Settlement Type: Practice Assurance Committee decision
Agency: Institute of Chartered Accountants in England and Wales
Source of Data: (click here)