On 18 and 23 June 2021, the Adjudication Panel considered an allegation of misconduct against Mr Bamania (the respondent). The allegations relate to actions between August and October 2020.
The panel found evidence to support that the respondent: sent and/or attempted to download and/or send confidential and/or commercially sensitive information held by Company A to his personal email address and to one or more data storage devices. The panel found evidence that this was done for purposes that were not related to his employment with Company A and was in breach of Company A’s information security and data protection policies.
The panel did not find an alleged breach of the compliance principle was made out in this case, but did uphold that there was a breach of the integrity principle in the Actuaries’ Code (versions 3.0).
The panel determined that these allegations disclosed a prima facie case of misconduct. In considering sanction, the panel considered all relevant information and was satisfied that the appropriate and proportionate sanction in this case was a reprimand and a fine of £1,500.
Find full copies of the published determinations at bit.ly/IFoA_DiscDeterm