Disciplinary outcome: Asif Ahmed
Order by consent
In the matter of
Mr Asif Ahmed MAAT
Business name
Belgraves Accountants Ltd
Membership number
20298573
Date
16 October 2025
Misconduct
- He failed to have in place any or any adequate Anti-Money Laundering policies, procedures, and controls.
- He failed to carry out adequate ongoing monitoring in respect of one or more clients.
- He failed to carry out any or any adequate regular review of his Anti-Money Laundering policies, procedures, and controls.
- He failed to maintain an adequate minimum level of professional indemnity insurance coverage, in contravention of paragraph 5 of AAT’s Professional Indemnity Insurance Policy.
Finding
By reason of the conduct set out in the Allegations above, Asif Ahmed is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- Fined £3,000.00
- Severely reprimanded for a period of 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.
