Disciplinary outcome: Christopher Caine

Christopher Caine's conduct was found to be in breach of the Code of Professional Ethics and to have posed a risk to the public and/or undermine public confidence in the Association and its members as follows:

1. For an unknown period up until on or around 26 October 2022, he did not comply with his obligations under the Money Laundering Regulations in force while providing accountancy services on a self-employed basis. Specifically, he failed to:
   a. have in place any or any adequate anti-money laundering policies or procedures 
   b. carry out any or any adequate risk-based assessment as part of initial client due diligence
   c. carry out any or any adequate ongoing client due diligence
   d. carry out a review of his anti-money laundering controls and procedures
   e. undertake regular anti-money laundering training
2. From an unknown date until 10 June 2022, he failed to have liability insurance compliant with AAT’s Professional Indemnity Insurance Policy.
    

Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.

Christopher Caine is hereby:

1. Reprimanded for a period of two years
2. Fined £2,500
3. Warned about his future conduct.

Consent