Disciplinary outcome: Malcolm Warrender
Order by consent
In the matter of
Mr Malcolm Warrender MAAT
22 August 2023
Malcom Warrender’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:
- He failed to comply with his obligations under the relevant Money Laundering Regulations while providing accountancy services to the public, specifically:
- From an unknown date until on or around 19 August 2022, he failed to carry out an adequate risk assessment and ongoing monitoring in respect of one or more clients.
- From an unknown date until on or around 19 August 2022, he failed to carry out any or any adequate periodic review of his Anti-Money Laundering policies, procedures, and controls.
- From an unknown date until on or around 19 August 2022, he failed to carry out an adequate firm-wide money laundering risk assessment.
- From an unknown date until on or around 19 August 2022, he provided limited assurance engagement services to one or more clients without being appropriately licensed by AAT to do so.
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.
- Fined £2,500.00
- Reprimanded. The reprimand is to remain on Mr Warrender’s record for a period of two years.
Malcolm Warrender has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.