Disciplinary outcome: Catherine Gardner
Order by consent
In the matter of
Miss Catherine Gardner MAAT
Business name
5Arches Accounting Limited
Membership number
167692
Date
05 August 2026
Misconduct
- For an unknown period until or around 19 September 2025, she failed to carry out a regular review of anti-money laundering policies, controls and procedures in breach of Regulation 21 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- For an unknown period until on or around 19 September 2025, she failed to conduct and/or document effective anti-money laundering training for relevant staff, in breach of Regulation 24 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- For an unknown period until or around 19 September 2025, she failed to demonstrate adequate customer due diligence measures, in breach of Regulation 28 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- For an unknown period, she failed to demonstrate adequate arrangement for continuity of practice in accordance with the requirements of AAT’s Continuity of Practice Policy.
- Professional indemnity insurance (PII) cover for period 8 March 2024 to 9 September 2025 failed to meet AAT’s minimum requirements, breaching AAT’s Professional Indemnity Insurance (PII) Policy.
Finding
By reason of the conduct set out in the Allegations above, Catherine Gardner is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- Severely reprimanded for a period of three years.
- Fined £4,500.00.
- Removed of fellow membership status for a period of three years.
Consent
The decision of the Investigations Team shall stand as an Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.
