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Violation Tracker UK Individual Case

Company: J Ahmed & Co Limited
Company City/Town: Manchester
Company Nation/Region: England
Penalty: £2,100
Year: 2021
Date: 20 April, 2021
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: The owner of J Ahmed & Co. agreed to pay a practice assurance penalty of £2,100, which was decided by the Practice Assurance Committee. This was in view of his admitted breach of Breach of Practice Assurance Regulation 4 (2008 Regulations); in that he failed to comply with written assurances, given in his letters dated 12 November 2012 and 13 December 2012, to carry out and document regular anti-money laundering client due diligence ongoing reviews and periodically review the firms' anti-money laundering compliance, 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
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