Disciplinary outcome: Gemma Elvins
Order by consent
In the matter of
Miss Gemma Elvins FMAAT
Business name
Gems Accounting Services Limited
Membership number
10246981
Date
04 March 2026
Misconduct
- She failed to conduct a regular compliance review of her firm’s anti-money laundering policies, controls, and procedures.
- She provided a fee protection scheme to clients despite not holding the authorisation required by the Financial Conduct Authority, thereby operating a regulated activity without permission.
- She failed to issue letters of engagement in full compliance with paragraph 5.1 of AAT’s Client Care Policy.
Finding
By reason of the conduct set out in the Allegations above, Gemma Elvins is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- Reprimanded for a period of two years.
- Fined £2,500.
- Warned about her future conduct.
Consent
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.
