Doncaster accountant struck off over money laundering and terrorist funding rule breach
A disciplinary committee has ordered his exclusion
A Doncaster accountant has been struck off after breaching rules relating to money laundering and terrorism funding.
Robert Tippett, who practised out of Mexborough, has been excluded from ACCA - the Association of Chartered Certified Accountants - over the rule breaks.
The organisation’s disciplinary committee proved the allegations against Mr Tippett at a hearing in June.
The hearing said his firm failed to follow official UK laws meant to stop money laundering and terrorist funding, failing to do proper risk assessments and failing to train staff properly.
It said: “From 26 June 2017, contrary to paragraph 5 of “Section B2 – Anti Money Laundering”, of ACCA’s Code of Ethics and Conduct, failed on behalf of Firm A, to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.”
Mr Tippett has also been ordered to pay £8,013.50 to cover the cost of the investigation.
The finding said that Mr Tippett had submitted a misleading document which demonstrated “a failure to act with integrity.”
It added: “Mr Tippett had reckless disregard as to whether the date recorded on the document was accurate, yet nonetheless provided it to ACCA.”
Because of these actions, he was officially found guilty of professional misconduct.
He has the right to appeal the decision.