Basic Search  |  Summaries  |  Advanced SearchCompany City/Town: Burnley
Company Nation/Region: England
Penalty: £1,000
Year: 2020
Date: 2 June, 2020
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: K M Business Solutions Limited of Burnley, United Kingdom has agreed to pay a practice assurance penalty of £1,000,which was decided by the Practice Assurance Committee. This was in view of the firm's admitted breach of Practice Assurance penalty under PA Regulation 4 (2008 Regulations) in that it failed to comply with the previous assurance provided in section 1 of the 2015 closing record and supplementary response dated 13 April 2016 to keep CDD records up-to-date, 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)