Disciplinary outcome: Daniel King

Order by consent

In the matter of

Daniel King

Membership number

10167973

Date

29 March 2022

Misconduct

Daniel King’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. He failed to comply with his obligations under the relevant Money Laundering Regulations while providing accountancy services to the public, specifically:
    1. For an unknown period until on or around on 09 April 2021, he did not carry out an adequate review of his anti-money laundering policies, controls and procedures; and/or
    2. For an unknown period until on or around 09 April 2021, he did not carry out and/or record an adequate firm-wide money laundering risk assessment; and/or
    3. For an unknown period up until 09 April 2021 he failed to carry out adequate ongoing monitoring in respect of one or more clients.
  2. For an unknown period until on or around 09 April 2021, he provided Limited Assurance Engagement services outside the scope of his AAT licence.
  3. Between an unknown date in 2012 until on or around 08 March 2021, he failed to maintain an adequate level of Professional Indemnity Insurance (PII) coverage, as required by AAT’s Professional Indemnity Insurance policy.

Finding

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

Order

Daniel King is hereby:

  1. Severely reprimanded, with the severe reprimand to remain live on his record for a period of two years/24 months.
  2. Fined £2,500.00.

Consent

Daniel King is deemed to have agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.