Disciplinary outcome: Adil Ridha
Order by consent
In the matter of
Mr Adil Ridha MAAT
Business name
ZA Limited
Membership number
248045
Date
22 January 2026
Misconduct
1) He did not comply with his obligations under the Money Laundering Regulations. Specifically, he failed to:
- apply to AAT for approval of a beneficial owner, officer, manager appointment; and/or
- perform and document a firm-wide risk assessment on a regular basis; and/or
- conduct regular compliance reviews of his firm’s anti-money laundering (AML) policies, controls, and procedures; and/or
- undertake any or any effective AML training for himself and/or his staff; and/or
- adequately perform and document client due diligence (CDD) for one or more clients; and/or
- adequately perform and document ongoing CDD for one or more existing clients
2) He failed to ensure clients’ money was held in a separate bank account designated solely for client funds
3) He failed to have a written continuity of practice agreement in place, as required under AAT’s Continuity of Practice Policy
4) He provided Trust and Company Services whilst not approved to do so
5) He failed to issue letters of engagement to one or more clients, as required under AAT’s Client Care Policy.
Finding
By reason of the conduct set out in the Allegations above, is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association
Order
1. Reprimanded for a period of five years
2. Fined £7,272
3. Warned about his future conduct.
Consent
The decision of the Investigations Team shall stand as Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.
