Mr Karim Shariff FFA FTA
London, UK

Complaint

The complaint was that Mr Shariff was in public practice but did not hold a current IFA practising certificate, had not adhered to the Fundamental Principle of Professional Behaviour by not being supervised for compliance with the Money Laundering Regulations 2017 and failed to cooperate with the IFA’s compliance and monitoring functions, breaching Bye-laws 10.2, 10.3 and 13.

Finding

The Disciplinary Committee found there was a prima facie case to answer that renders Mr Shariff liable to disciplinary action for breach of the Public Practice Regulations 1.2, 3.1 and 4.1, the Code of Ethics, R115.1 and R150.1, the Money Laundering Regulations 2017 and had breached Bye-laws, 10.2, 10.3, 11.2 and 13.

Order

Removed from the Register and costs of £1,842.00.