Disciplinary outcome: Jesue Nwaha
Order by consent
In the matter of
Mr Jesue Nwaha AATQB
Membership number
10323779
Date
9 December 2022
Misconduct
- He failed to comply with his obligations under the relevant Money Laundering Regulations while providing accountancy services to the public, specifically:
- From an unknown date until on or around 28 February 2022, he did not apply and/or record adequate client due diligence measures in respect of one or more clients; and/or
- From an unknown date until on or around 28 February 2022, he failed to carry out and/or record ongoing monitoring in respect of one or more clients.
- For an unknown period up until on or around 28 February 2022 he failed to carry out any or any adequate periodic review of his Anti-Money Laundering policies, procedures and controls.
- For an unknown period up until on or around 28 February 2022, he failed to have in place appropriate procedures for reporting discrepancies in the Persons with Significant Control (PSC) register.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.
Order
- Reprimanded, with the reprimand to remain live on his record for a period of two years/24 months.
- Fined £1,000.00.
Consent
Jesue Nwaha has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
