Disciplinary outcome: Sally Tackas

1. She did not comply with obligations under the Money Laundering Regulations in force while providing accountancy and related services on a self-employed basis. In particular, she failed to:
   • conduct a regular compliance review of her firm’s anti-money laundering (AML) policies, controls, and procedures; and/or
   • perform and/or document an AML risk assessment for one or more personal tax clients; and/or
   • perform and/or document ongoing customer due diligence for one or more existing personal tax clients.
2. She failed to hold clients’ money in accordance with paragraphs 19, 31a and 33b of AAT’s Clients’ Money Policy.
3. She failed to have a written continuity of practice agreement in place, as required by AAT’s Continuity of Practice Policy.
4. She failed to maintain the minimum level of professional indemnity insurance, contrary to paragraph 5.2 of AAT’s Professional Indemnity Insurance Policy.
5. She provided Limited Assurance Engagements whilst not approved, contrary to Regulation 6.4 of AAT’s Licensing Regulations.
6. She issued letters of engagement to clients that did not fully comply with paragraph 5.1 of AAT’s Client Care Policy.

By reason of the conduct set out in the Allegation above, Sally Tackas is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.

1. Severely reprimanded for a period of three years
2. Fined £5,000.00
3. Warned about her future conduct

The decision of the Investigations Team shall stand as an Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.