ATX ETHICS

Question 1

before client acceptance

Answer 1

-consider integrity, do CDD
-nationality
-source of income documents
-PAST NON COMPLIANCES
-any conflict of interests
-clearance from prev advisor (any ethical concern or just admin reason)

Question 2

2 clients having conflict of interest

Answer 2

inform
undertaking
separate team

Question 3

payment from HMRC not sure why

Answer 3

investigate reason
if valid then ok
if error then tell client to return to HMRC
failure to return could mean civil or criminal liability
HMRC could impose fines and penalties
money laundering implications for client, having to hide source
resign
inform hmrc we dont serve client anymore