Disciplinary outcome: Claire Barrett
Order by consent
In the matter of
Mrs Claire Barrett AATQB
8 February 2023
Claire Barrett’s professional or personal conduct, was found to be in breach of the Code of Professional Ethics and to have posed a risk to the public or was likely to undermine public confidence in the Association or its members; namely:
1. She failed to comply with her obligations under the Money Laundering Regulation in force while providing accountancy and/or bookkeeping services to the public, specifically:
1.1. From 20 August 2018 until on or around 22 March 2022, she failed to apply adequate risk-based due diligence and ongoing monitoring measures in respect of one or more clients.
1.2. From 20 August 2018 until on or around 22 March 2022, she did not carry out an adequate review of her anti-money laundering policies, controls and procedures.
1.3. From 20 August 2018 until on or around 22 March 2022, she did not carry out and/or record an adequate firm-wide money laundering risk assessment.
2. From 20 August 2018 until on or around 22 March 2022, she provided Payroll, Management Accounts, Personal Income Tax and Business Tax service outside the scope of her license.
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
Claire Barrett is hereby:
i. Severe Reprimand: To remain live on Claire Barrett’s records for a period of 2 years.
ii. Fined £250
iii. Warned that failure to pay the fine within the allotted period within 90 days or on such terms that Professional Standards believes is reasonable, will result in the immediate removal of her license and membership until such time that the fine is paid in full.
Claire Barrett is deemed to have agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.