Disciplinary outcome: Judy Young

Judy Young’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

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

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. between on or around 08 May 2019 and on or around 02 June 2021, she did not maintain an adequate written record of her anti-money laundering policies, controls and procedures; and/or
1.2. between on or around 08 May 2019 and on or around 06 August 2021, she failed to apply adequate risk-based due diligence and ongoing monitoring measures in respect of one or more clients; and/or
1.3. between on or around 08 May 2019 and on or around 02 June 2021, she did not carry out and/or record an adequate firm-wide money laundering risk assessment; and/or
1.4. between on or around 08 May 2019 and on or around 06 August 2021, she did not carry out an adequate review of her anti-money laundering policies, controls and procedures.
1.5. between on or around 08 May 2019 and on or around 06 August 2021, she did not ensure all relevant persons in her firm completed a basic disclosure check for her to verify that no one with a relevant unspent criminal conviction was appointed as, or continued to hold a position, as a Beneficial Owner, Officer or Manager (“BOOM”).
2. Between on or around 08 May 2019 and on or around 02 June 2021, she failed to have in place any or any adequate continuity of practice agreement.
3. Between on or around 08 May 2019 and on or around 06 August 2021, she provided Management Accounting services, Budgeting and forecasting, Business Income tax, Corporation Tax, Financial accounting and accounts preparation for statutory purposes, Personal income tax and Company secretarial services outside the scope of your AAT bookkeeping licence

4. Between on or around 28 September 2021 and on or around 07 January 2022, she provided self-employed accountancy or related services to the public whilst not licensed or approved to provide such services whilst subject to an exemption.
5. Between on or around 28 September 2021 until on or around 07 January 2022, she provided self-employed accountancy or related services to the public without being registered with a supervisory authority within the meaning of The Money Laundering Regulations.
6. Between on or around 08 May 2019 and on or around 06 August 2021, she failed to maintain appropriate professional indemnity

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

Judy Young is hereby:
i. Expelled from AAT for a period of 5 years.

Consent