Disciplinary outcome: Christopher Regan

1. He did not comply with his obligations under the Money Laundering Regulations in force while providing accountancy and/or bookkeeping services on a self-employed basis. Specifically, he failed to:
   • have in place any or any adequate procedures to report discrepancies to Companies House concerning persons of significant control in connection to limited company clients and/or limited liability partnership clients; and/or
   • conduct a regular compliance review of his firm’s anti-money laundering policies, controls, and procedures.
2. He failed to maintain the minimum level of professional indemnity insurance (PII) as required under paragraph 5.2 of AAT’s PII Policy.
3. He provided Independent Examinations whilst not approved to do so.

By reason of the conduct set out in the Allegations above, Christopher Regan is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association. 

1. Reprimanded for a period of three years
2. Fined £4,500
3. Deemed ineligible to hold fellow member (FMAAT) status for three years
4. Warned about his future conduct.

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.