Disciplinary outcome: Christopher Cheeney
Order by consent
In the matter of
Christopher Cheeney MAAT
6 January 2023
Christopher Cheeney’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 10 June 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
2. He failed to have in place a continuity of practice agreement in full compliance with AAT’s Continuity of Practice Policy
3. For an unknown period up until on or around 25 October 2021 he provided Company Secretarial Services whilst not licensed to do so
4. For an unknown period up until on or around 11 November 2021 he provided Independent Examination whilst not licensed to do so.
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.
Christopher Cheeney is hereby:
1. Reprimanded for a period of 24-months
2. Fined £2,300
3. Deemed ineligible to hold fellow membership status whilst the reprimand is active
4. Warned about his future conduct.
Christopher Cheeney passively consented to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.