Transparency data

Insolvency practitioner sanctions: Adam Jordan and Nickolas Rimes 22 December 2023

On 22 December 2023 a Disciplinary Consent Order was made against Adam Jordan and Nickolas Rimes of Rimes & Co


Disciplinary Consent Order Adam Jordan and Nickolas Rimes

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This Order is made in relation to an allegation that Mr Jordan and Mr Rimes in their role as Joint Liquidator of a company breached Regulations 27 & 28 of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) (‘MLR17’), when they failed to carry out customer due diligence and assess the risk of money laundering prior to the establishment of the business relationship and acceptance of funds from the company and/or directors.

Accordingly, Messrs Jordan and Rimes were found liable to disciplinary action under the IPA’s Articles of Association.

Published 22 February 2024