Disciplinary outcome: Sharon Wray
Order by consent
In the matter of
Mrs Sharon Wray FMAAT
Business name
Sharon Wray Accountancy Services Limited
Membership number
240156
Date
19 May 2025
Misconduct
- For an unknow period up until on or around 04 December 2023, she failed to have any documented review of AML policies, controls and procedures in place.
- For an unknown period up until on or around 04 December 2023, she failed to have any documented money laundering risk assessment in place for some existing clients.
- For an unknown period up until on or around 04 December 2023, she failed to document any ongoing customer due diligence for existing clients.
- For an unknown period up until on or around 04 December 2023, she referred clients to a financial adviser without knowing whether the adviser is classified as independent or restricted by the Financial Conduct Authority (FCA).
- For an unknown period up until on or around 04 December 2023, she failed to maintain the required level of professional indemnity insurance as set out in AAT’s Professional Indemnity Insurance Policy.
- For an unknown period up until on or around 04 December 2023, she provided unapproved services, not covered by her licence certificate.
Finding
By reason of the conduct set out in the Allegations above, Sharon Wray is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
Sharon Wray is hereby:
- Fined £5,000
- Severely reprimanded for a period of three years
- Removed of Fellow Membership for a period of two years
Consent
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.
