On 20 February 2020 the Disciplinary Tribunal Panel considered a charge of Misconduct against Cheng Gang Zhu (‘the Respondent’), in the absence of the Respondent.
The IFoA’s Charge was that he submitted an application form for student admission to Education Services at the IFoA and an application form for exemptions, including a falsified copy of his academic transcript and/or university degree certificate. These actions were alleged to be dishonest and in breach of the Integrity principle of the Actuaries’ Code. It was also alleged that the charges constituted misconduct in terms of Rule 4.2 of the Disciplinary and Capacity for Membership Schemes of the Institute and Faculty of Actuaries (effective 1 February 2018).
The Panel found all elements of the Charge proved, determining that the Respondent tendered documents to the IFoA knowing they were false. The Panel was satisfied this was misconduct.
The Panel determined that the only appropriate and proportionate sanction was to exclude the Respondent for the maximum period of five years. A copy of the Panel’s full determination, including reasons, can be found on the IFoA’s website at bit.ly/3a9mPt0