Disciplinary outcome: Neelam Jangra

Neelam Jangra’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 relevant Money Laundering Regulations while providing accountancy services to the public, specifically:
   1. From an unknown date until on or around 10 August 2022, she failed to have in place adequate and/or documented Anti-Money Laundering policies, controls and procedures.
   2. From an unknown date until on or around 10 August 2022, she failed to carry out any or any adequate client due diligence in respect of one or more clients.
   3. From an unknown date until on or around 10 August 2022, she failed to carry out an adequate risk assessment and ongoing monitoring in respect of one or more clients.
   4. From an unknown date until on or around 10 August 2022, she failed to carry out an adequate firm-wide money laundering risk assessment.
   5. From an unknown date until on or around 10 August 2022, she failed to carry out any or any adequate periodic review of her Anti-Money Laundering policies, procedures, and controls.
2. Between 17 February 2022 and on or around 04 July 2022, she failed to have in place adequate professional indemnity insurance coverage, in contravention of AAT’s Professional Indemnity Insurance Policy.

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

Neelam Jangra is hereby:

1. Fined £1,000.00
2. Severely reprimanded. The severe reprimand is to remain in Ms Jangra’s record for a period of two years (24 months).

Consent