23 FEB 2017
Disciplinary Panel hearing – 21 February 2017
The Panel heard a case against the Firm Wilkins Hammond for failure to preserve the security of clients’ money entrusted to its care in the course of its business, because the adequacy of the Firm’s accounting systems and controls were not sufficiently robust to preserve the security of clients’ money. The inadequacy of the Firm’s accounting systems allowed an employee over a period of time to steal clients’ money calculated to amount to £18,875.
The Panel imposed a Reprimand and ordered the Firm to contribute towards RICS’ costs.