Disciplinary outcome: Janet Ogheneovo Abel
Order by consent
In the matter of
Miss Janet Ogheneovo Abel MAAT
27 June 2022
1. She failed to comply with her obligations under the Money Laundering Regulations in force while providing accountancy and/or bookkeeping services to the public, specifically:
a) between on or around 01 May 2018 and on or around 28 June 2021, she did not apply and/or record adequate client due diligence measures in respect of one or more clients; and/or
b) between on or around 01 May 2018 and on or around 28 June 2021, she did not carry out and/or record an adequate review of her anti-money laundering policies, controls and procedures; and/or
c) between on or around 01 May 2018 and on or around 22 July 2021, she did not carry out and/or record an adequate firm-wide money laundering risk assessment.
2. For an unknown period up until on or around 27 May 2021, she did not have an adequate level of professional indemnity insurance in place, as required by AAT’s Professional Indemnity Insurance policy.
3. For an unknown period up until on or around 10 June 2021, she did not have adequate continuity of practice cover in place, as required by AAT’s Continuity of Practice policy.
4. For an unknown period up until on or around 22 July 2021, she failed to issue an adequate letter of engagement to one or more clients, as required by AAT’s Client Care policy.
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
- Severe reprimand for three years.
- Warning about future conduct.
- Fine of £100.
- Follow-up practice assurance review placed as a condition on licence.
Janet Ogheneovo Abel agreed to submit to the decision of the Investigations Team, in accordance with Regulation 6 of the Disciplinary Regulations.