Disciplinary outcome: Fiona Johnstone
Order by consent
In the matter of
Ms Fiona Johnstone MAAT
Business name
Charlbury Accountancy Services Ltd; Charlbury Bookkeeping
Membership number
10140038
Date
18 August 2026
Misconduct
- She failed to carry out any or any adequate regular review of her Anti-Money Laundering policies, procedures, and controls in contravention of Regulation 21 of the Money Laundering Regulations 2017.
- She failed to carry out any or any adequate client due diligence (including client identification, risk assessment and ongoing monitoring) in respect of one or more clients in contravention of Regulation 27 and/or Regulation 28 of the Money Laundering Regulations 2017.
- She failed to have any – or any adequate – professional indemnity insurance (PII) coverage in place for Charlbury Accountancy Services Ltd in contravention of Paragraph 5.1 of AAT’s Professional Indemnity Insurance (PII) Policy.
Finding
The Investigation Team finds that, by reason of the conduct set out in the allegations above, Fiona Johnstone is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- £500.00 fine
- A severe reprimand for a period of three years.
- Removal of AAT fellow membership (FMAAT) for a period of three years.
Consent
The decision of the Investigation Team shall stand as an Order of the Association pursuant to Regulation 5.3 of the Disciplinary Regulations.
