Mr Mark McArthur FFA FIPA 15 July and 8 November 2024

Mr Mark McArthur FFA FIPA

London UK

Complaint

The allegations were that Mr Mark McArthur, as sole principal of MDM. Accountancy Limited, had breached Regulations 18, 19, 40, 21, 26, 27 – 28, 41 and 66 under the Money Laundering Regulations 2017. In addition, he failed to respond in a timely manner and cooperate with the AML review process, in breach of IFA Bye-law 11.2 (d) and failed to adhere to the fundamental principle of professional behaviour in the Code of Ethics.

Finding

The Disciplinary Committee found the matters proved.

Sentencing Order

Removal from the register of members, Practising Certificate withdrawn and costs imposed of £8,509.