Disciplinary outcome: Kelly Jackson
Order by consent
In the matter of
Mrs Kelly Jackson MAAT
Membership number
10138840
Date
9 June 2022
Misconduct
Kelly Jackson’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. between on or around 26 June 2017 and on or around 15 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 26 June 2017 and on or around 15 June 2021, she failed to apply adequate risk-based due diligence and ongoing monitoring measures in respect of one or more clients.
1.3. between on or around 01 October 2014 and on or around 23 March 2021, she did not carry out an adequate review of her anti-money laundering policies, controls and procedures.
2. For an unknown period until on or around 15 June 2021, she failed to issue an adequate letter of engagement to one or more clients as required under paragraph 5 of AAT’s Client Care policy.
3. For an unknown period up until on or around 15 June 2021, she did not have adequate anti money laundering training in place for relevant employees in accordance with MLR 2017
4. For an unknown period up until on or around 15 June 2021, she failed to maintain a continuity of practice agreement in accordance with AAT’s Continuity of Practice policy.
5. For an unknown period up until on or around 15 June 2021, she did not open a clients’ money account, in accordance with regulation 10 of AAT’s Clients’ Money 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
Kelly Jackson is hereby:
i. Divested of her fellow membership (FMAAT) status for a period of two years.
ii. Fined £1500
iii. Severe reprimand: To remain live on Mrs Jackson’s record for a period of two years.
iv. Warned that failure to pay the fine within the allotted period 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.
Consent
Kelly Jackson has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.