Disciplinary outcome: Kym Needham
Order by consent
In the matter of
Miss Kym Needham MAAT
Business name
KLN Accountancy Services Limited
Membership number
249652
Date
18 September 2026
Misconduct
- She failed to carry out any or any adequate client due diligence (including 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 ensure her professional indemnity insurance (PII) policy coverage met the minimum level stipulated in Paragraphs 5.2 and 5.3 of AAT’s Professional Indemnity Insurance (PII) Policy.
- She provided limited assurance engagement services to the public without being licensed by AAT to do so in contravention of Regulation 6.4 of AAT’s Licensing Regulations.
Finding
The Investigations Team finds that, by reason of the conduct set out in the allegations above, Kym Needham is found to have committed misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- A fine of £5,000.00
- A severe reprimand, to remain live on her record for three years.
- Removal of AAT fellow membership (FMAAT) status for 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.
