Disciplinary outcome: Ali Ismail
Order by consent
In the matter of
Mr Ali Ismail MAAT
Business name
JASM Accountancy Ltd
Membership number
20028108
Date
28 January 2026
Misconduct
1. He failed to carry out an adequate firm-wide money laundering risk assessment, in accordance with Regulation 18 of the Money Laundering Regulations 2017.
2. He failed to carry out any or any adequate regular review of his Anti-Money Laundering policies, controls and procedures, in accordance with Regulation 21 of the Money Laundering Regulations 2017.
3. He failed to have any or any adequate Professional Indemnity Insurance (PII) in accordance with AAT’s Professional Indemnity Policy.
4. He provided Company Secretarial Services to the public outside the scope of his AAT licence.
Finding
By reason of the conduct set out in the Allegations above, Ali Ismail is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
The Investigation Team orders that Ali Ismail be:
1. Fined £3,500
2. Severely Reprimanded for two years
Consent
The decision of the Investigations Team shall stand as an Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.
