Disciplinary outcome: Iqbal Moulvi
Order by consent
In the matter of
Mr Iqbal Moulvi MAAT
Business name
Ray One Accountant Ltd
Membership number
10044603
Date
03 July 2026
Misconduct
- He failed to apply adequate ongoing customer due diligence to one or more existing clients, in accordance with Regulation 28 (11) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- He failed to carry out any, or any adequate, risk assessment for one or more new and/or existing clients, in accordance with Regulation 28 (2)(c) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- He failed to issue any, or any adequate letters of engagement to one or more clients, in accordance with AAT’s Client Care Policy.
- He failed to have in place any, or any adequate continuity of practice agreement, in accordance with AAT’s Continuity of Practice Policy.
Finding
By reason of the conduct set out in the Allegations above, Iqbal Moulvi is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- Severely reprimanded for three years.
- Fined £2,000.
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.
